Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Deribit against Bullet+0.022%52s7-day average −0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.423% of the position

Long on Bullet Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.022%, 7d avg −0.001%

Together, before fees−0.066%−$7 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: Deribit is 0.023% dearer against Bullet than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 52 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	Bullet SNDK-USD	1,760.4	0	get 0.0000% / 1h	29m 22s	$14K	$287K	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,760.8	0	get 0.0000% / 1h	29m 22s	$51K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bullet. 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 BulletbpFee DeribitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.001%: $2.29
Slippage, 4 orders: −$27.3
Fee Bullet: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.02
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Bullet: live order book, 20 min ago; Deribit: live order book, 19 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 Bullet live order book, 20 min ago	1.70 bp	7.3 bp −$7	21.3 bp −$213	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	8.19 bp	14.0 bp −$14	17.6 bp −$176	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	−0.0240%	8h	1,760.7	+0.018%	$44.6M	$162.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	−0.053%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,759.2	−0.069%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0013%	1h	1,759.5	−0.052%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,759.1	−0.078%	$1.4M	$10.7M	10x	as long as short
Nado SNDK-PERP	−0.0003%	1h	1,759.8	−0.033%	$330K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761	+0.031%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.4	−0.003%	$279.7M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.8	+0.023%	$31.6M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.1	+0.039%	$81.6M	$827.5M	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	1,760.1	−0.020%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.2	−0.012%	$175.6M	$230.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.8	−0.094%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760	−0.026%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	−0.001%	$274K	$193K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,760.4	long leg	$14K	$287K	10x
SunX SNDK-USDT	0.0000%	8h	1,760.9	+0.028%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,760.8	+0.022%	$51K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,760.7	+0.014%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.4	+0.055%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0009%	1h	1,757.1	−0.188%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.5	+0.007%	$655	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,759.1	−0.075%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.7	−0.097%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.6	−0.106%	$423K	$1.9M	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	−0.079%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.2	−0.069%	$242K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	−0.116%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.4	−0.001%	$117.4M	$156.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.6	−0.103%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760	−0.025%	$720K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.3	−0.063%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,759.2	−0.069%	$1.7M	$16.1M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,757.5	−0.163%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.4	0.000%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,756.4	−0.228%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760	−0.025%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,761.4	+0.056%	$127K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0180%	4h	1,757.2	−0.181%	$558K	$353K	10x	as long as short