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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bybit−0.024%53s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.620% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.024%, 7d avg −0.005%

Together, before fees−0.144%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,785	0	get 0.0000% / 8h	6h 34m	$32.0M	$100.0M	100x
Short	Phemex SNDKUSDT	1,784.5	0	get 0.0000% / 8h	6h 34m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.005%: −$1.93
Slippage, 4 orders: −$38.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$63.92
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 4 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 Bybit live order book, 5 min ago	0.20 bp	8.1 bp −$8	10.7 bp −$107	34.8 bp −$3,484	doesn't fit
Sell Phemex live order book, 4 min ago	2.41 bp	26.1 bp −$26	doesn't fit	doesn't fit	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	1,788	+0.171%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0057%	1h	1,784.4	−0.031%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.2	−0.099%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.8	−0.065%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,785.1	+0.005%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785	+0.001%	$21.7M	$39.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.4	−0.033%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,785	long leg	$32.0M	$100.0M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.4	−0.031%	$85.6M	$830.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.3	−0.039%	$180.6M	$231.7M	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	1,784.1	−0.050%	$44.0M	$166.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.065%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.101%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.2	−0.043%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.9	−0.059%	$772	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.6	−0.023%	$51K	$329K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.6	−0.020%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,784.5	−0.024%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.1	+0.009%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0011%	1h	1,784.2	−0.043%	$114.3M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.3	+0.021%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.1	+0.006%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.6	−0.022%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.840%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.7	−0.068%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.5	−0.081%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	+0.008%	$245K	$646K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.085%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.4	−0.030%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	−0.054%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.2	−0.045%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	−0.059%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.9	−0.061%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.086%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	−0.028%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.4	−0.030%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783	−0.108%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.1	−0.104%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.8	−0.008%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.1	+0.006%	$171K	$1.8M	20x	as long as short