Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Bybit against Phemex+0.023%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.023%, 7d avg +0.004%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,773.4	0	get 0.0000% / 8h	1h 16m	$2.8M	$982K	50x
Short	Bybit SNDKUSDT	1,773.8	0	get 0.0000% / 8h	1h 16m	$31.8M	$105.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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 PhemexbpFee BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.004%: $1.94
Slippage, 4 orders: −$43.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.09
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bybit: live order book, 2 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 Phemex live order book, 2 min ago	3.21 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.03 bp	7.5 bp −$8	9.8 bp −$98	26.7 bp −$2,667	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	1,773	−0.024%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0052%	1h	1,773.4	0.000%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.1	−0.016%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.1	+0.040%	$21.9M	$46.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.6	+0.011%	$285.3M	$1.88B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,773.8	+0.023%	$31.8M	$105.4M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.6	+0.011%	$87.4M	$842.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.6	+0.011%	$183.2M	$241.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.5	+0.003%	$49.6M	$169.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.8	+0.024%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773.6	+0.012%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.6	+0.011%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.2	−0.014%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773	−0.021%	$851	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.5	+0.007%	$49K	$259K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.5	+0.005%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,773.4	long leg	$2.8M	$982K	50x
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774	+0.035%	$785	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.6	+0.066%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.2	+0.047%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.7	+0.019%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.6	+0.011%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.498%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772.8	−0.032%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.3	−0.004%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.4	0.000%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.5	+0.006%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.9	−0.028%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.3	−0.008%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.5	+0.007%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.5	+0.006%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.8	+0.078%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773	−0.022%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0094%	1h	1,773.8	+0.025%	$386K	$1.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.6	+0.012%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.5	+0.006%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.5	+0.061%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.9	−0.031%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,773.8	+0.023%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0597%	4h	1,773.9	+0.030%	$563K	$355K	10x	as long as short