Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.007%

Price spread now: Deribit against BloFin−0.003%57s7-day average −0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.400% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.034%+$3 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.003%, 7d avg −0.005%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 57 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	BloFin SNDK-USDT	1,774.1	−0.0120	get 0.0120% / 8h	1h 08m	$4.1M	$4.5M	75x
Short	Deribit SNDK_USDC-PERPETUAL	1,774	0	get 0.0000% / 1h	8m 07s	$49K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $25.2
Price spread: −0.003% → −0.005%: $0.23
Slippage, 4 orders: −$20.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$14.55
Costs to cover: 0.400%
Break-even: 11.0 days

Slippage from BloFin: live order book, 5 min ago; Deribit: live order book, 10 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 BloFin live order book, 5 min ago	0.03 bp	6.1 bp −$6	6.8 bp −$68	doesn't fit	doesn't fit
Sell Deribit live order book, 10 min ago	1.80 bp	18.0 bp −$18	22.3 bp −$223	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
BloFin SNDK-USDTlong	−0.0120%	8h	1,774.1	long leg	$4.1M	$4.5M	75x
Entropy io:SNDK	−0.0073%	1h	1,773.5	−0.033%	$4.5M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.9	−0.011%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.2	+0.006%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.9	−0.008%	$285.3M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.8	−0.015%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.4	−0.039%	$87.3M	$841.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.5	−0.031%	$183.3M	$241.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.6	−0.030%	$49.6M	$169.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.2	−0.048%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773.9	−0.008%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.7	−0.022%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.6	−0.028%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774	−0.006%	$887	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,774	−0.003%	$49K	$263K	10x
HTX SNDK-USDT	0.0000%	8h	1,773.8	−0.019%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.5	−0.036%	$2.8M	$990K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.9	−0.012%	$683	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.9	+0.046%	$173K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.2	+0.008%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.8	−0.016%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.5	−0.034%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.458%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.6	−0.025%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773	−0.064%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.3	+0.012%	$245K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.4	−0.039%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.5	−0.033%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.2	−0.050%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.9	−0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.9	−0.011%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,775	+0.048%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.4	−0.041%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774	−0.005%	$213K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.4	−0.041%	$6.0M	$22.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.2	+0.008%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.9	−0.069%	$8K	$2K	20x	as long as short
Nado SNDK-PERP	+0.0113%	1h	1,773.9	−0.010%	$385K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.3	+0.014%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0635%	4h	1,773.3	−0.046%	$563K	$354K	10x	as long as short