Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Deribit against Bybit−0.023%45s7-day average −0.015% · 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−$440.439% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.023%, 7d avg −0.015%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,761.6	0	get 0.0000% / 8h	1h 02m	$31.9M	$103.5M	100x
Short	Deribit SNDK_USDC-PERPETUAL	1,761.2	0	get 0.0000% / 1h	2m 24s	$51K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.015%: −$0.79
Slippage, 4 orders: −$25.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.73
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Deribit: live order book, 41 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 Bybit live order book, 2 min ago	0.28 bp	7.3 bp −$7	10.1 bp −$101	30.9 bp −$3,088	doesn't fit
Sell Deribit live order book, 41 min ago	9.38 bp	14.6 bp −$15	17.5 bp −$175	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	−0.0268%	8h	1,761.2	−0.023%	$48.4M	$167.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761	−0.036%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.9	−0.043%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.3	+0.041%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761	−0.032%	$278.9M	$1.87B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,761.6	long leg	$31.9M	$103.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.2	−0.023%	$82.1M	$836.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.3	+0.037%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.8	−0.043%	$177.4M	$231.8M	75x	as long as short
KuCoin SNDKUSDTM	0.0000%	8h	1,761.5	−0.004%	$6.0M	$22.3M	20x	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	1,763.6	+0.114%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762	+0.021%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.3	−0.017%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761	−0.033%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.5	−0.004%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,761.2	−0.023%	$51K	$351K	10x
HTX SNDK-USDT	0.0000%	8h	1,761	−0.036%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.8	−0.043%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,762.4	+0.046%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759	−0.149%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0030%	1h	1,761	−0.035%	$327K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.3	−0.020%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.9	−0.041%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.178%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761	−0.036%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.4	−0.011%	$242K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.1	−0.028%	$118.8M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	+0.006%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.3	−0.074%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.9	−0.039%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.5	−0.063%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.1	−0.028%	$1.4M	$5.2M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,761.9	+0.016%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.7	−0.049%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.9	−0.041%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.6	+0.002%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	−0.042%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.036%	$431K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0352%	4h	1,763	+0.081%	$560K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,761.7	+0.004%	$127K	$340K	20x	as long as short