Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Bybit against Popdex−0.002%7-day average +0.010% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Popdex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.002%, 7d avg +0.010%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,772.5	0.0048	pay 0.0006% / 1h	14m 22s	$244K	$653K	20x
Short	Bybit SNDKUSDT	1,772.5	0	get 0.0000% / 8h	3h 14m	$31.9M	$102.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Popdex. 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 PopdexbpFee BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$10.08
Price spread: −0.002% → +0.010%: −$1.21
Slippage, 4 orders: −$4.94
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.63
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Popdex: live order book, 40 min ago; 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 Popdex live order book, 40 min ago	0.56 bp	3.8 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.48 bp	7.3 bp −$7	9.2 bp −$92	21.2 bp −$2,116	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	1,772.2	−0.015%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,771.9	−0.035%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,771.7	−0.045%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.6	−0.053%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,772	−0.029%	$342K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.089%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.9	+0.020%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.1	−0.021%	$280.8M	$1.82B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,772.5	−0.002%	$31.9M	$102.1M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772	−0.028%	$82.2M	$826.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,772.6	+0.008%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772	−0.027%	$177.2M	$231.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.7	−0.043%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.5	+0.057%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773	+0.030%	$17K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.2	+0.039%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.2	−0.016%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.1	+0.036%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.9	−0.036%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.7	−0.045%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	−0.011%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,772.8	+0.020%	$705	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.5	−0.003%	$1.7M	$15.9M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.7	−0.047%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.3	−0.068%	$428K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.549%	$36	$9K	12x	as long as short
Vest SNDK-USD-PERP	+0.0038%	1h	1,769.4	−0.174%	—	$582K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.6	−0.054%	$264K	$1.5M	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,772.5	long leg	$244K	$653K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.4	−0.061%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.4	−0.006%	$117.4M	$152.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.2	−0.017%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.3	−0.014%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.5	−0.056%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.8	−0.041%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	−0.053%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	+0.023%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.7	−0.044%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,773.3	+0.046%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0449%	4h	1,771.1	−0.077%	$562K	$353K	10x	as long as short