Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.023%

Price spread now: Bybit against Aevo+0.059%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.059% dearer against Aevo than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SNDK-PERP	1,789.8	0.0080	pay 0.0010% / 1h	12m 07s	$1K	—	10x
Short	Bybit SNDKUSDT	1,790.9	0	get 0.0000% / 8h	4h 12m	$32.7M	$100.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$16.8
Price spread: +0.059% → 0.000%: $5.92
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.88
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.11 bp	6.9 bp −$7	9.8 bp −$98	30.3 bp −$3,032	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,790.2	+0.019%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	+0.010%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0075%	1h	1,790.4	+0.031%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0059%	1h	1,789.7	−0.007%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.8	−0.001%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.7	+0.049%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,789.5	−0.017%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.3	+0.028%	$21.8M	$36.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.6	+0.041%	$285.9M	$1.80B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,790.9	+0.059%	$32.7M	$100.5M	100x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.6	+0.043%	$84.1M	$827.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791	+0.066%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.4	+0.030%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.1	+0.016%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.008%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.012%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.1	+0.016%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.1	−0.043%	$923	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.7	+0.049%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.5	−0.019%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	+0.035%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.6	+0.042%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.3	+0.083%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791	+0.065%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.2	+0.021%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.566%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.069%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.8	+0.052%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.7	−0.008%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.4	+0.032%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.7	−0.008%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.5	+0.037%	$118.0M	$148.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.9	+0.004%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	+0.006%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.015%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERPlong	+0.0080%	1h	1,789.8	long leg	$1K	—	10x
Pacifica SNDK	+0.0100%	1h	1,790.2	+0.019%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.010%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	−0.007%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.043%	$568K	$353K	10x	as long as short