Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Bybit+0.052%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.052%, 7d avg −0.028%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,780	0	get 0.0000% / 8h	3h 44m	$32.4M	$101.2M	100x
Short	SoDEX SNDK-USD	1,780.9	0.0050	get 0.0006% / 1h	44m 53s	$728K	$514K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee SoDEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $10.5
Price spread: +0.052% → −0.028%: $8
Slippage, 4 orders: −$11.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.64
Costs to cover: 0.301%
Break-even: 14.8 days

Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	0.28 bp	7.7 bp −$8	11.0 bp −$110	32.6 bp −$3,260	doesn't fit
Sell SoDEX live order book, 9 min ago	0.03 bp	7.8 bp −$8	38.0 bp −$380	doesn't fit	doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SNDK-USDT	−0.0120%	8h	1,780.3	+0.019%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0097%	1h	1,781.1	+0.064%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,781	+0.059%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0039%	8h	1,781.3	+0.075%	$6.1M	$22.0M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.6	−0.021%	$1.4M	$12.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.313%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.9	+0.112%	$21.8M	$33.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.6	−0.018%	$283.7M	$1.80B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,780	long leg	$32.4M	$101.2M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.5	−0.026%	$83.5M	$823.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,781.1	+0.062%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.9	−0.006%	$179.5M	$228.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,780	+0.004%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.127%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.7	−0.014%	$13K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.126%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,780.2	+0.013%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.4	−0.089%	$774	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.2	+0.072%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779.8	−0.007%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,781.1	+0.066%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,783	+0.172%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,781.4	+0.079%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,781.5	+0.084%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,780.1	+0.007%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.124%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	+0.116%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,781.6	+0.092%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,779.5	−0.026%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.5	+0.030%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,780.3	+0.018%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779.2	−0.043%	$117.4M	$150.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.8	−0.009%	$187K	$128K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,780.9	+0.052%	$728K	$514K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,780.8	+0.047%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.4	+0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,780.8	+0.046%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,782.5	+0.144%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.2	+0.011%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,781	+0.057%	$130K	$352K	20x	as long as short