Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.013%

Price spread now: Bybit against Vest+0.077%7-day average −0.754% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now +0.077%, 7d avg −0.754%

Together, before fees+0.213%+ Points / potential airdropVest: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.831% dearer against Vest than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.754%): +$83 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 3 days (−0.021% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest SNDK-USD-PERP	1,783.5	0.0046	pay 0.0006% / 1h	34m 57s	—	$584K	10x
Short	Bybit SNDKUSDT	1,784.9	0	get 0.0000% / 8h	6h 34m	$32.0M	$100.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee BybitbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$9.59
Price spread: +0.077% → −0.754%: $83.06
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $60.47
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.20 bp	7.5 bp −$7	10.6 bp −$106	38.9 bp −$3,891	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.252%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,784.3	+0.044%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.2	−0.018%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.9	+0.024%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,784.5	+0.052%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.9	+0.079%	$21.7M	$39.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.5	+0.056%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,784.9	+0.077%	$32.0M	$100.0M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.9	+0.077%	$85.6M	$830.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.6	+0.059%	$180.5M	$231.6M	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	1,785	+0.080%	$44.0M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	+0.016%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.020%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.7	+0.068%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.6	+0.006%	$772	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.5	+0.054%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.2	+0.038%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.5	+0.057%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.4	+0.107%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0011%	1h	1,784.5	+0.055%	$114.3M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.3	+0.099%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.8	+0.073%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.5	+0.055%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.922%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	+0.006%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERPlong	+0.0046%	1h	1,783.5	long leg	—	$584K	10x
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	+0.061%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.005%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.6	+0.058%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.2	+0.038%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.1	+0.031%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	+0.021%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784	+0.025%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.005%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.058%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.5	+0.057%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783	−0.027%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.4	−0.010%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.2	+0.092%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785	+0.082%	$171K	$1.8M	20x	as long as short