Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Binance against Deribit+0.030%7-day average −0.021% · 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−$34as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.030%, 7d avg −0.021%

Together, before fees+0.236%+$24 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: Binance is 0.052% dearer against Deribit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,789.8	0	get 0.0000% / 1h	22m 41s	$51K	$344K	10x
Short	Binance SNDKUSDT	1,790.4	0	get 0.0000% / 8h	4h 22m	$287.3M	$1.79B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.021%: $5.16
Slippage, 4 orders: −$22.53
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.37
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Binance: live order book, 6 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 Deribit live order book, 36 min ago	6.34 bp	14.1 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.03 bp	5.9 bp −$6	6.8 bp −$68	15.6 bp −$1,559	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	1,789.8	0.000%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	+0.004%	$279K	$193K	15x	as long as short
Entropy io:SNDK	−0.0083%	1h	1,789.5	−0.018%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0081%	1h	1,789.9	+0.002%	$313K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.8	−0.004%	$1.4M	$13.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.230%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0005%	8h	1,789.2	−0.034%	$6.1M	$22.4M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.1	+0.014%	$21.8M	$36.6M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,790.4	+0.030%	$287.3M	$1.79B	75x
Bybit SNDKUSDT	0.0000%	8h	1,790.7	+0.046%	$32.6M	$100.1M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.1	+0.016%	$84.6M	$826.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.3	+0.081%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.2	+0.023%	$180.4M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.9	+0.002%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.3	−0.087%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	−0.020%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.5	−0.019%	$15K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.7	−0.063%	$814	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,789.8	long leg	$51K	$344K	10x
HTX SNDK-USDT	0.0000%	8h	1,788.5	−0.075%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.7	−0.008%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.7	−0.006%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.066%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.5	+0.040%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.012%	$490K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.567%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.1	−0.096%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.4	+0.032%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	−0.039%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.4	+0.032%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.8	−0.002%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.1	+0.016%	$115.4M	$146.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.035%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.3	−0.029%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.2	−0.035%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.2	−0.037%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.1	+0.016%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.3	−0.028%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.7	−0.063%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0555%	4h	1,788.4	−0.080%	$568K	$352K	10x	as long as short