Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: Bybit against Pacifica+0.079%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.079%, 7d avg +0.023%

Together, before fees+0.003%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.055% dearer against Pacifica than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.023%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,769.7	0.0100	pay 0.0013% / 1h	26m 04s	$213K	$291K	10x
Short	Bybit SNDKUSDT	1,771.1	0	get 0.0000% / 8h	2h 26m	$31.4M	$105.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$21
Price spread: +0.079% → +0.023%: $5.55
Slippage, 4 orders: −$9.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.98
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Pacifica: live order book, 62 min ago; Bybit: 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 Pacifica live order book, 62 min ago	0.28 bp	4.8 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.54 bp	7.5 bp −$8	12.1 bp −$121	44.2 bp −$4,421	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
Deribit SNDK_USDC-PERPETUAL	−0.0145%	1h	1,770.9	+0.070%	$49K	$224K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,769.8	+0.007%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,770	+0.019%	$283K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,769.2	−0.028%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,770.6	+0.049%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.3	+0.034%	$21.8M	$39.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.5	+0.046%	$286.7M	$1.90B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,771.1	+0.079%	$31.4M	$105.6M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.8	+0.062%	$87.8M	$847.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.9	+0.067%	$162K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,770.6	+0.053%	$183.9M	$244.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,770.9	+0.065%	$49.8M	$171.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.5	−0.066%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.8	−0.051%	$15K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.3	+0.034%	$13K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.6	−0.008%	$867	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.7	−0.002%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.7	+0.057%	$2.8M	$932K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,768.4	−0.073%	$680	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.7	+0.110%	$1.5M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.3	+0.090%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.8	+0.061%	$409K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.710%	$36	$19K	12x	as long as short
Vest SNDK-USD-PERP	+0.0034%	1h	1,769.5	−0.012%	—	$670K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.6	−0.005%	$434K	$2.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.3	+0.034%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771	+0.073%	$112.0M	$151.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.3	−0.023%	$4.5M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.3	+0.034%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.1	+0.023%	$724K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.9	+0.011%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.5	+0.044%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,771.1	+0.082%	$128K	$414K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.4	+0.040%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0092%	1h	1,770	+0.018%	$309K	$1.4M	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,769.7	long leg	$213K	$291K	10x
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.1	+0.024%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.4	−0.018%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.5	−0.010%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0694%	4h	1,768.3	−0.076%	$562K	$356K	10x	as long as short