Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.004%

Price spread now: Bybit against QFEX−0.064%7-day average +0.049% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.064%, 7d avg +0.049%

Together, before fees+0.116%+$12 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 0.113% cheaper against QFEX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,760.4	−0.0008	get 0.0001% / 1h	44m 11s	$1.4M	$10.5M	10x
Short	Bybit SNDKUSDT	1,759.3	0	get 0.0000% / 8h	1h 44m	$31.6M	$103.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now −0.064%Rate

Funding earned: $1.65
Price spread: −0.064% → +0.049%: −$11.27
Slippage, 4 orders: −$6.66
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.29
Costs to cover: 0.277%
Break-even: 165.6 days

Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 5 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 QFEX live order book, 5 min ago	0.65 bp	5.7 bp −$6	5.7 bp −$57	10.6 bp −$1,061	doesn't fit
Sell Bybit live order book, 5 min ago	0.48 bp	8.2 bp −$8	13.8 bp −$138	35.4 bp −$3,540	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	−0.0288%	8h	1,759.3	−0.065%	$47.3M	$165.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.9	−0.027%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,759.2	−0.070%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USDlong	−0.0008%	1h	1,760.4	long leg	$1.4M	$10.5M	10x
Aster SNDKUSD1	0.0000%	8h	1,760	−0.024%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759	−0.080%	$279.3M	$1.86B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,759.3	−0.064%	$31.6M	$103.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.1	−0.075%	$82.2M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.9	+0.026%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759	−0.082%	$176.2M	$230.4M	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	1,758.8	−0.089%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.2	−0.068%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	−0.024%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	−0.081%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.1	−0.131%	$949	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.7	−0.100%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.8	−0.091%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.083%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,757.4	−0.173%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.8	+0.024%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,759.6	−0.045%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.9	−0.085%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.1	−0.077%	$496K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.246%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.6	−0.044%	$253K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,760.2	−0.012%	$329K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.3	−0.007%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759	−0.081%	$118.4M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.9	−0.030%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.2	−0.069%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.6	−0.106%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.7	−0.040%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.4	−0.058%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.8	−0.091%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.2	−0.011%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.4	−0.056%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.8	−0.090%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.8	−0.037%	$430K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.3	−0.063%	$126K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0925%	4h	1,758.9	−0.087%	$559K	$353K	10x	as long as short