Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.020%

Price spread now: Pacifica against Bybit−0.003%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.003%, 7d avg −0.023%

Together, before fees−0.055%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, 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	Bybit SNDKUSDT	1,768.4	0	get 0.0000% / 8h	2h 05m	$31.8M	$103.3M	100x
Short	Pacifica SNDK	1,768.3	0.0024	get 0.0003% / 1h	5m 56s	$197K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.003%Rate

Funding earned: $5.02
Price spread: −0.003% → −0.023%: $1.94
Slippage, 4 orders: −$9.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$21.07
Costs to cover: 0.280%
Break-even: 36.4 days

Slippage from Bybit: live order book, 3 min ago; Pacifica: live order book, 42 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 Bybit live order book, 3 min ago	0.40 bp	8.4 bp −$8	10.7 bp −$107	36.5 bp −$3,647	doesn't fit
Sell Pacifica live order book, 42 min ago	0.56 bp	6.1 bp −$6	doesn't fit	doesn't fit	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	−0.0262%	8h	1,767.3	−0.061%	$47.2M	$164.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.1	−0.016%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0026%	8h	1,767.7	−0.040%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,768.3	−0.003%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.6	+0.012%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.2	−0.011%	$280.5M	$1.85B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,768.4	long leg	$31.8M	$103.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.2	−0.066%	$82.3M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.055%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.3	−0.006%	$177.0M	$232.1M	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	1,767.4	−0.056%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.028%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.054%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.3	−0.003%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.8	−0.033%	$849	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.2	−0.010%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.5	−0.049%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.5	+0.010%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0011%	1h	1,768.5	+0.007%	$329K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,767.2	−0.065%	$676	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,766.6	−0.100%	—	$581K	10x	as long as short
Pacifica SNDKshort	+0.0024%	1h	1,768.3	−0.003%	$197K	$303K	10x
Lighter RH SNDK	+0.0032%	1h	1,768.4	+0.001%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.6	−0.042%	$452K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.787%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766.6	−0.101%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	+0.008%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.2	−0.009%	$119.1M	$158.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.2	−0.066%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.4	−0.054%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.3	−0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.4	+0.002%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.100%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.4	+0.058%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	−0.027%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0094%	1h	1,768.1	−0.016%	$723K	$520K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	+0.001%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.8	−0.033%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,768.7	+0.017%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.080%	$561K	$351K	10x	as long as short