Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Bybit against Phemex+0.156%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 3 days (all we have)−0.115%−$11 · spread now +0.156%, 7d avg +0.003%

Together, before fees+0.016%+$2 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: Bybit is 0.152% dearer against Phemex than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,749.1	0	get 0.0000% / 8h	4h 21m	$2.8M	$812K	50x
Short	Bybit SNDKUSDT	1,751.8	0	get 0.0000% / 8h	4h 21m	$32.1M	$100.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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 PhemexbpFee BybitbpOrdersPrice spread, now +0.156%Rate

Funding earned: $0
Price spread: +0.156% → +0.003%: $15.2
Slippage, 4 orders: −$36.88
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.68
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from Phemex: 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 Phemex live order book, 1 min ago	1.60 bp	29.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.31 bp	8.1 bp −$8	10.9 bp −$109	32.9 bp −$3,286	89.6 bp −$44.8K

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	1,747.9	−0.071%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.178%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,749.9	+0.045%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,748.3	−0.045%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,751.3	+0.123%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,752.8	+0.212%	$285.0M	$1.83B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,751.8	+0.156%	$32.1M	$100.2M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752.3	+0.182%	$88.2M	$803.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,748.9	−0.010%	$126K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,750.6	+0.085%	$189.5M	$238.0M	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	1,752.1	+0.172%	$50.4M	$164.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.239%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,746.5	−0.151%	$11K	$826K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,748.6	−0.027%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	−0.047%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	−0.036%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,749.1	long leg	$2.8M	$812K	50x
Lighter SNDK	+0.0032%	1h	1,753	+0.220%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	+0.196%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,749.7	+0.033%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−0.145%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.907%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0036%	1h	1,748.7	−0.022%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,747.7	−0.083%	$295K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,747.5	−0.093%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,749	−0.007%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,748.2	−0.052%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,751.8	+0.153%	$109.7M	$143.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,748.4	−0.041%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	−0.034%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,748.4	−0.041%	$1.4M	$4.2M	5x	as long as short
Nado SNDK-PERP	+0.0056%	1h	1,748.3	−0.045%	$350K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	−0.035%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0094%	4h	1,747.2	−0.108%	$553K	$344K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,748.5	−0.037%	$193K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,749.7	+0.031%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.169%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,748.3	−0.046%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0139%	1h	1,748.9	−0.013%	$48K	$188K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	+0.007%	$129K	$381K	20x	as long as short