Funding you earn now, next payment 01:00 UTC−0.0196%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h −0.031%
Price spread now: Deribit against Coinbase International+0.087%7-day average −0.018% · 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−$35as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 4 days (all we have)−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.087%, 7d avg −0.018%
=The price spread pays, funding is against you. Deribit is 0.105% dearer against Coinbase International than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.018%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 4 days (−0.062% in total) that is about 6.3 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.062% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,786.5 | 0.0088 | pay 0.0011% / 1h | 43m 23s | $440K | $2.3M | 10x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,788.1 | −0.0108 | pay 0.0013% / 1h | 43m 23s | $51K | $328K | 10x |
Coinbase International SNDK-PERP-INTX
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.12
- Price spread: +0.087% → −0.018%
- $10.49
- Slippage, 4 orders
- −$28.89
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$76.52
- Costs to cover
- 0.459%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Deribit: live order book, 25 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 Coinbase International live order book, 5 min ago | 2.49 bp | 9.0 bp −$9 | 13.1 bp −$131 | 33.5 bp −$3,347 | doesn't fit |
| Sell Deribit live order book, 25 min ago | 5.33 bp | 18.0 bp −$18 | 21.5 bp −$215 | 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-USDT | −0.0120% | 8h | 1,788 | +0.084% | $4.1M | $4.5M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | −0.0108% | 1h | 1,788.1 | +0.087% | $51K | $328K | 10x | |
| Entropy io:SNDK | −0.0100% | 1h | 1,788 | +0.083% | $4.8M | $20.4M | 10x | as long as short |
| Phoenix SNDK | −0.0045% | 1h | 1,787.9 | +0.078% | $278K | $193K | 15x | as long as short |
| QFEX SNDK-USD | −0.0024% | 1h | 1,787.7 | +0.068% | $1.8M | $17.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,788.6 | +0.116% | $21.8M | $40.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,787.7 | +0.067% | $286.7M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,788.1 | +0.090% | $32.0M | $99.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,787.8 | +0.072% | $86.3M | $830.8M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,787.6 | +0.062% | $181.0M | $231.2M | 75x | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
Phoenix SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | 0.0000% | 8h | 1,787.8 | +0.072% | $47.5M | $164.2M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,787 | +0.025% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,788.1 | +0.087% | $22K | $1.1M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,787.4 | +0.051% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,786.6 | +0.005% | $759 | $3.7M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,787 | +0.029% | $1.5M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,787.5 | +0.053% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,788.5 | +0.113% | $683 | $37K | 5x | as long as short |
| Nado SNDK-PERP | +0.0007% | 1h | 1,788.5 | +0.113% | $363K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:SNDK | +0.0013% | 1h | 1,787.5 | +0.055% | $114.6M | $146.6M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,788.5 | +0.112% | $1.7M | $16.1M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,788.4 | +0.105% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,788.2 | +0.095% | $470K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.753% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,787.2 | +0.036% | $305K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,787.5 | +0.057% | — | $584K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,787.7 | +0.067% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,787.9 | +0.080% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,787.6 | +0.061% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,787.6 | +0.062% | $731K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,787.5 | +0.055% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,787.7 | +0.065% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0088% | 1h | 1,786.5 | long leg | $440K | $2.3M | 10x | |
| Pacifica SNDK | +0.0100% | 1h | 1,788 | +0.082% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,787.6 | +0.060% | $6.1M | $21.5M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,787.4 | +0.051% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,787.5 | +0.055% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0131% | 1h | 1,788.6 | +0.118% | $130K | $365K | 20x | as long as short |
| RISEx SNDK/USDC | +0.0257% | 1h | 1,788.9 | +0.136% | $171K | $1.8M | 20x | as long as short |
| edgeX SNDKUSDC | +0.0517% | 4h | 1,786.7 | +0.010% | $567K | $354K | 10x | as long as short |
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Nado SNDK-PERP
tradeXYZ xyz:SNDK
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
RISEx SNDK/USDC
edgeX SNDKUSDC