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+0.037%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.229% 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)−0.071%−$7 · spread now +0.037%, 7d avg +0.010%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.028% dearer against Popdex than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.010%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 4 days (−0.023% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,766.3	0.0048	pay 0.0006% / 1h	7m 09s	$243K	$654K	20x
Short	Bybit SNDKUSDT	1,767	0	get 0.0000% / 8h	3h 07m	$31.7M	$102.3M	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 +0.037%Rate

Funding earned: −$10.08
Price spread: +0.037% → +0.010%: $2.75
Slippage, 4 orders: −$5.51
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.24
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Popdex: live order book, 47 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 Popdex live order book, 47 min ago	0.56 bp	3.8 bp −$4	6.1 bp −$61	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	−0.020%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0049%	8h	1,765.7	−0.035%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0033%	1h	1,766.1	−0.011%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,765.7	−0.032%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767	+0.040%	$429K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0007%	1h	1,766.2	−0.004%	$340K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,766.8	+0.030%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,765.9	−0.022%	$280.1M	$1.82B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,767	+0.037%	$31.7M	$102.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.3	+0.057%	$81.8M	$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	+0.033%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,765.5	−0.048%	$176.5M	$231.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,765.4	−0.052%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,766.5	+0.009%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.9	−0.136%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,765.4	−0.051%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,765.2	−0.062%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.4	−0.051%	$964	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,764.7	−0.091%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,765.9	−0.024%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.116%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,767.5	+0.067%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0026%	1h	1,761.6	−0.264%	—	$582K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,766.5	+0.014%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766	−0.020%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.9	−0.080%	$425K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.906%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.4	−0.054%	$263K	$1.5M	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,766.3	long leg	$243K	$654K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,765.4	−0.054%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,765.5	−0.045%	$116.9M	$153.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,765.1	−0.068%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.8	−0.085%	$721K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.6	−0.040%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,765.2	−0.062%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,765.6	−0.037%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.4	−0.167%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.7	−0.092%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,766.2	−0.008%	$128K	$355K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0124%	1h	1,765.5	−0.045%	$51K	$346K	10x	as long as short