Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Phemex+0.131%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.131%, 7d avg +0.004%

Together, before fees+0.020%+$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 0.127% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,765.9	0	get 0.0000% / 8h	3h 06m	$2.8M	$1.1M	50x
Short	Bybit SNDKUSDT	1,768.2	0	get 0.0000% / 8h	3h 06m	$31.8M	$102.3M	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 +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.004%: $12.69
Slippage, 4 orders: −$53.96
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.27
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 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, 2 min ago	1.59 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.37 bp	8.2 bp −$8	10.9 bp −$109	32.6 bp −$3,261	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	1,765.9	+0.004%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,767.2	+0.075%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,767.1	+0.070%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,765.7	−0.007%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767	+0.065%	$429K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0007%	1h	1,766.2	+0.021%	$340K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.4	+0.143%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,767.9	+0.117%	$280.4M	$1.82B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,768.2	+0.131%	$31.8M	$102.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.4	+0.087%	$81.9M	$827.8M	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	1,766.9	+0.057%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.5	+0.093%	$176.6M	$231.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,767.3	+0.078%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,766.5	+0.033%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.9	−0.112%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,765.4	−0.027%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,765.2	−0.038%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.4	−0.027%	$964	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,764.7	−0.067%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,765.9	long leg	$2.8M	$1.1M	50x
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.092%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,767.5	+0.092%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0026%	1h	1,761.6	−0.240%	—	$582K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,768.4	+0.145%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,767.8	+0.111%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.4	+0.085%	$425K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.930%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.5	−0.022%	$263K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,766.3	+0.024%	$243K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,767.2	+0.076%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.7	+0.104%	$117.0M	$153.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,765.1	−0.044%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.8	−0.061%	$721K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.3	+0.081%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,765.2	−0.038%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767.8	+0.110%	$197K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.4	−0.143%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.7	−0.068%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,766.2	+0.017%	$128K	$355K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0124%	1h	1,765.5	−0.020%	$51K	$346K	10x	as long as short