Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: Bybit against Arcus−0.103%7-day average +0.079% · 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−$50as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.103%, 7d avg +0.079%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.182% cheaper against Arcus than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,784.5	0.0040	pay 0.0005% / 1h	38m 38s	$311K	$1.6M	10x
Short	Bybit SNDKUSDT	1,782.7	0	get 0.0000% / 8h	6h 38m	$32.0M	$100.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$8.46
Price spread: −0.103% → +0.079%: −$18.19
Slippage, 4 orders: −$16.07
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.21
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Arcus: live order book, just now; Bybit: live order book, 5 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 Arcus live order book, just now	0.48 bp	10.4 bp −$10	15.3 bp −$153	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.81 bp	7.8 bp −$8	11.5 bp −$115	36.0 bp −$3,597	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	−0.0154%	1h	1,783.5	−0.055%	$51K	$328K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,788	+0.197%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,784.8	+0.017%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.129%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.5	−0.113%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784	−0.028%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.1	−0.133%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,782.7	−0.103%	$32.0M	$100.0M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.2	−0.129%	$85.5M	$829.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782.2	−0.128%	$180.2M	$231.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,782.8	−0.098%	$45.4M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.136%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	+0.158%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.4	−0.060%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.6	−0.108%	$856	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783	−0.087%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.2	−0.076%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,784.5	−0.001%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,787.3	+0.156%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0006%	1h	1,782.4	−0.118%	$114.1M	$146.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,783.3	−0.066%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,783.7	−0.044%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.3	−0.065%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.866%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,784.5	long leg	$311K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.6	−0.051%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783	−0.084%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,782.2	−0.129%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783	−0.084%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.5	−0.058%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,782.4	−0.118%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783	−0.083%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.062%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.3	−0.125%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784	−0.027%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.191%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.6	−0.104%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,783.4	−0.062%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,783.8	−0.039%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	+0.160%	$568K	$351K	10x	as long as short