Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bybit against Extended+0.006%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$240.244% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.006%, 7d avg +0.041%

Together, before fees+0.021%+ Points / potential airdropExtended: Active · farm board+$2 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 0.035% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,759.6	0.0032	pay 0.0004% / 1h	42m 10s	$495K	$2.0M	10x
Short	Bybit SNDKUSDT	1,759.7	0	get 0.0000% / 8h	1h 42m	$31.8M	$103.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$6.72
Price spread: +0.006% → +0.041%: −$3.46
Slippage, 4 orders: −$8.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.59
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago	1.22 bp	4.4 bp −$4	10.5 bp −$105	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.65 bp	8.0 bp −$8	11.7 bp −$117	31.7 bp −$3,166	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	−0.0302%	8h	1,759.3	−0.016%	$47.4M	$165.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	−0.006%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,759.6	+0.001%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,758.7	−0.048%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.7	+0.062%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.3	−0.017%	$279.4M	$1.86B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,759.7	+0.006%	$31.8M	$103.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.4	−0.009%	$82.2M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.3	+0.042%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.1	−0.027%	$176.2M	$230.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,758.8	−0.041%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.2	−0.019%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	+0.025%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	−0.032%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.9	−0.038%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.2	−0.022%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.8	−0.041%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.5	−0.003%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.9	−0.153%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.3	+0.042%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.6	+0.061%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.9	+0.018%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,759.6	long leg	$495K	$2.0M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.296%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0037%	1h	1,759.3	−0.013%	$328K	$1.5M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.2	−0.022%	$253K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.3	−0.015%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.3	−0.015%	$118.4M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.5	−0.003%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758	−0.089%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.5	−0.003%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.8	−0.041%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.066%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.9	−0.040%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.9	−0.037%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.1	+0.028%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.6	−0.052%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.8	+0.011%	$430K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0262%	4h	1,759.8	+0.014%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.2	−0.018%	$126K	$346K	20x	as long as short