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: SunX against Bybit−0.016%46s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as 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−$790.787% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.016%, 7d avg −0.056%

Together, before fees−0.184%−$18 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: SunX is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.056%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,774.4	0	get 0.0000% / 8h	3h 39m	$32.2M	$101.6M	100x
Short	SunX SNDK-USDT	1,774.1	0	get 0.0000% / 8h	3h 39m	$685	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.056%: $4.01
Slippage, 4 orders: −$59.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$74.74
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; SunX: live order book, 8 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, 4 min ago	0.31 bp	7.6 bp −$8	11.4 bp −$114	37.2 bp −$3,723	doesn't fit
Sell SunX live order book, 8 min ago	28.08 bp	32.1 bp −$32	61.6 bp −$616	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	1,777	+0.150%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,776.8	+0.138%	$4.8M	$19.8M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0071%	1h	1,775.6	+0.070%	$51K	$346K	10x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,774.9	+0.032%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0043%	1h	1,778.4	+0.227%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.9	−0.028%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.330%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,775.6	+0.069%	$21.7M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774	−0.020%	$282.6M	$1.81B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,774.4	long leg	$32.2M	$101.6M	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	1,773.6	−0.043%	$82.7M	$824.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,775.3	+0.054%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.1	−0.016%	$178.4M	$229.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.2	−0.007%	$43.6M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.159%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.158%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.442%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.5	+0.064%	$14K	$288K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,774.1	−0.016%	$685	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,775	+0.036%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.3	+0.050%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,780.5	+0.348%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.2	+0.048%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.7	+0.021%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.2	−0.009%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.443%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.3	+0.165%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.4	+0.057%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.6	+0.014%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.2	−0.011%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.6	+0.014%	$117.2M	$151.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.1	+0.098%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.3	+0.054%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.8	+0.025%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.4	+0.060%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.4	0.000%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.348%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.6	+0.015%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,776	+0.095%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.238%	$565K	$351K	10x	as long as short