Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.008%

Price spread now: tradeXYZ against Bybit−0.026%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.026%, 7d avg −0.059%

Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$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 tradeXYZ is 0.033% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,760.4	0	get 0.0000% / 8h	6h 56m	$32.1M	$105.3M	100x
Short	tradeXYZ xyz:SNDK	1,759.9	0.0050	get 0.0006% / 1h	56m 59s	$119.4M	$159.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.5
Price spread: −0.026% → −0.059%: $3.3
Slippage, 4 orders: −$5.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.9
Costs to cover: 0.347%
Break-even: 20.9 days

Slippage from Bybit: live order book, 2 min ago; tradeXYZ: live order book, 3 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, 2 min ago	0.03 bp	7.5 bp −$8	11.0 bp −$110	30.2 bp −$3,020	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.57 bp	9.8 bp −$10	10.7 bp −$107	14.6 bp −$1,457	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
Bitget SNDKUSDT	−0.0126%	8h	1,760	−0.018%	$49.7M	$168.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.4	+0.061%	$3.9M	$4.6M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.2	−0.008%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.9	−0.027%	$279.2M	$1.86B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,760.4	long leg	$32.1M	$105.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.4	+0.003%	$82.2M	$828.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.5	+0.007%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.6	+0.015%	$181.4M	$216.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.2	−0.124%	$2.6M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.3	−0.116%	$23K	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,759.4	−0.054%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.6	−0.043%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759	−0.080%	$587	$3.2M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.6	−0.045%	$51K	$358K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.5	−0.104%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.5	+0.007%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,758.6	−0.099%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,759.3	−0.062%	$673	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0026%	8h	1,758.3	−0.118%	$6.0M	$22.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.2	−0.006%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.5	−0.050%	$390K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.250%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.109%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,759.7	−0.039%	—	$571K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.6	−0.043%	$242K	$665K	20x	as long as short
tradeXYZ xyz:SNDKshort	+0.0050%	1h	1,759.9	−0.026%	$119.4M	$159.5M	10x
Entropy io:SNDK	+0.0050%	1h	1,759	−0.077%	$4.5M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.9	−0.082%	$186K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.7	−0.036%	$720K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759	−0.077%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,759	−0.078%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0071%	1h	1,758.5	−0.106%	$336K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.3	−0.059%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.4	−0.111%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,757.4	−0.170%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.9	−0.081%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0120%	4h	1,759.5	−0.046%	$559K	$338K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,759.4	−0.052%	$440K	$2.1M	10x	as long as short
Lighter SNDK	+0.0144%	1h	1,761	+0.035%	$1.7M	$16.5M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,760.1	−0.012%	$128K	$333K	20x	as long as short