Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Bybit against RISEx−0.033%7-day average +0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.033%−$3 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.033%, 7d avg +0.002%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.035% cheaper against RISEx than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SNDK/USDC	1,762.9	0	get 0.0000% / 1h	17m 03s	$120K	$1.6M	20x
Short	Bybit SNDKUSDT	1,762.3	0	get 0.0000% / 8h	17m 03s	$31.8M	$103.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.002%: −$3.5
Slippage, 4 orders: −$7.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.14
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from RISEx: 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 RISEx live order book, 2 min ago	1.50 bp	4.5 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.20 bp	7.4 bp −$7	11.7 bp −$117	33.6 bp −$3,363	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	−0.0267%	8h	1,762.2	−0.039%	$48.2M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.6	−0.074%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0010%	8h	1,761.1	−0.099%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0008%	1h	1,762.1	−0.047%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.8	−0.060%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.3	−0.033%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.2	−0.040%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,762.3	−0.033%	$31.8M	$103.6M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.2	−0.039%	$82.3M	$833.8M	75x	as long as short
RISEx SNDK/USDClong	0.0000%	1h	1,762.9	long leg	$120K	$1.6M	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,762.1	−0.045%	$179.3M	$229.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760.4	−0.138%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.2	−0.040%	$26K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.9	−0.056%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762	−0.050%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762	−0.051%	$888	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.8	−0.062%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.6	−0.075%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.1	−0.046%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.6	−0.074%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760	−0.164%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.8	−0.005%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.3	−0.033%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.5	−0.077%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.103%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.4	−0.140%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.1	−0.045%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.3	−0.033%	$119.8M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.4	−0.084%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.1	−0.101%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.9	−0.059%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.6	−0.072%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762	−0.050%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.4	−0.082%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762	−0.050%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.5	−0.021%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.4	−0.083%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.1	−0.161%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.3	−0.033%	$127K	$338K	20x	as long as short
edgeX SNDKUSDC	+0.0479%	4h	1,761.8	−0.061%	$560K	$351K	10x	as long as short