Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.021%

Price spread now: BloFin against Deribit−0.016%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−$360.363% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.016%, 7d avg +0.005%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.021% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.005%). Swap the legs. 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	Deribit SNDK_USDC-PERPETUAL	1,790.6	0	get 0.0000% / 1h	27m 31s	$50K	$314K	10x
Short	BloFin SNDK-USDT	1,790.4	−0.0120	pay 0.0120% / 8h	7h 27m	$4.1M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$25.2
Price spread: −0.016% → +0.005%: −$2.06
Slippage, 4 orders: −$17.25
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$63.51
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Deribit: live order book, 46 min ago; BloFin: 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, 46 min ago	3.01 bp	8.2 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.03 bp	6.2 bp −$6	7.8 bp −$78	12.9 bp −$1,292	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-USDTshort	−0.0120%	8h	1,790.4	−0.016%	$4.1M	$4.5M	75x
Aster SNDKUSD1	0.0000%	8h	1,791.6	+0.051%	$21.8M	$44.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.7	+0.062%	$286.5M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,792.5	+0.104%	$32.1M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,792.9	+0.127%	$86.4M	$836.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,792.1	+0.082%	$183.1M	$234.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,792.3	+0.090%	$48.1M	$169.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.6	−0.224%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.206%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,787.7	−0.164%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,792.2	+0.088%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.5	−0.062%	$1K	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,790.6	long leg	$50K	$314K	10x
HTX SNDK-USDT	0.0000%	8h	1,790.4	−0.015%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.8	+0.009%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791.8	+0.063%	$2.0M	$19.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.7	+0.118%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,788.2	−0.137%	$715	$37K	5x	as long as short
Nado SNDK-PERP	+0.0009%	1h	1,792.4	+0.098%	$347K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.9	+0.128%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,792.3	+0.092%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.7	+0.057%	$439K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.521%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.1	−0.139%	$304K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,791.1	+0.028%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792.3	+0.093%	$246K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,792.3	+0.093%	$115.2M	$148.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789	−0.091%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,792	+0.077%	$188K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.9	+0.069%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787	−0.203%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.9	+0.014%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.8	+0.065%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,791.3	+0.036%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.5	−0.009%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.5	−0.007%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.3	+0.090%	$442K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0147%	1h	1,789.6	−0.058%	$732K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0623%	4h	1,787.8	−0.156%	$568K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.8	+0.064%	$130K	$379K	20x	as long as short