Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.023%

Price spread now: Aevo against Bybit−0.053%49s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.2 days of funding at the current rate (+$2 a day). The two prices were read 49 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	1,759.3	0	get 0.0000% / 8h	51m 33s	$31.7M	$103.8M	100x
Short	Aevo SNDK-PERP	1,758.4	0.0080	get 0.0010% / 1h	51m 33s	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.053%Rate

Funding earned: $16.8
Price spread: −0.053% → 0.000%: −$5.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.48
Costs to cover: 0.270%
Break-even: 13.4 days

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: no order-book sample. 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 Bybit live order book, 2 min ago	0.20 bp	7.0 bp −$7	10.0 bp −$100	30.9 bp −$3,086	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bitget SNDKUSDT	−0.0320%	8h	1,759.3	+0.002%	$48.3M	$166.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.9	−0.023%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,759.5	+0.011%	$326K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,758.6	−0.041%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,758.7	−0.036%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.1	+0.047%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759	−0.019%	$279.3M	$1.87B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,759.3	long leg	$31.7M	$103.8M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759	−0.016%	$82.3M	$833.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.5	+0.014%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,758.7	−0.034%	$177.0M	$228.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.5	−0.044%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	−0.030%	$21K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	−0.045%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.6	−0.040%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.8	−0.027%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.3	−0.056%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.9	−0.080%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.019%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,759.4	+0.007%	$740	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756.2	−0.177%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.1	+0.047%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759	−0.016%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.7	−0.033%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.312%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.053%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	−0.016%	$242K	$654K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759	−0.016%	$118.9M	$159.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.1	−0.011%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.3	−0.113%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.6	−0.042%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759	−0.018%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.051%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERPshort	+0.0080%	1h	1,758.4	−0.053%	$1K	—	10x
Pacifica SNDK	+0.0100%	1h	1,759.1	−0.008%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.9	+0.034%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.1	−0.069%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.019%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.7	−0.032%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0993%	4h	1,759	−0.017%	$559K	$351K	10x	as long as short