Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Bullet against Deribit+0.076%68s7-day average 0.000% · 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−$400.405% of the position

Long on Deribit Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.076%, 7d avg 0.000%

Together, before fees−0.031%−$3 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: Bullet is 0.076% dearer against Deribit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 68 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	1,755.6	0	get 0.0000% / 1h	43m 43s	$51K	$359K	10x
Short	Bullet SNDK-USD	1,756.9	0	get 0.0000% / 1h	43m 43s	$13K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → 0.000%: $7.56
Slippage, 4 orders: −$25.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$32.9
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Deribit: live order book, 55 min ago; Bullet: live order book, 55 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, 55 min ago	6.24 bp	10.3 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit
Sell Bullet live order book, 55 min ago	0.57 bp	6.3 bp −$6	21.0 bp −$210	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
GRVT SNDK_USDT_Perp	−0.0516%	8h	1,756.1	+0.031%	$23K	$2.2M	10x	as long as short
HTX SNDK-USDT	−0.0465%	8h	1,755.2	−0.021%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0243%	8h	1,754.9	−0.036%	$49.4M	$166.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,757.6	+0.117%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0080%	1h	1,757.6	+0.114%	$334K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0069%	1h	1,755.5	−0.004%	$4.6M	$19.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0028%	8h	1,755.5	−0.006%	$6.0M	$22.6M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,755.1	−0.026%	$1.4M	$9.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,756.3	+0.040%	$21.4M	$32.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,755.5	−0.003%	$280.7M	$1.85B	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SNDKUSDT	0.0000%	8h	1,756	+0.027%	$31.5M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,755.3	−0.015%	$82.4M	$823.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756.5	+0.053%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,755.5	−0.006%	$178.9M	$217.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,755.1	−0.029%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,754.7	−0.050%	$273K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,756.9	+0.076%	$13K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,758.7	+0.177%	$865	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,755.6	long leg	$51K	$359K	10x
Phemex SNDKUSDT	0.0000%	8h	1,756.2	+0.034%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,754.3	−0.073%	—	$570K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,756.7	+0.065%	$671	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,756	+0.026%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,756.3	+0.041%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,755.8	+0.013%	$452K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.529%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,754.2	−0.081%	$255K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0046%	8h	1,755.7	+0.010%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.6	+0.002%	$242K	$629K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,755.9	+0.019%	$119.5M	$157.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.1	+0.087%	$185K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,755.5	−0.005%	$718K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,754.7	−0.050%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,756.2	+0.037%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,755.6	+0.004%	$197K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.9	+0.018%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,755.9	+0.016%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,756.8	+0.068%	$426K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,756.4	+0.048%	$128K	$344K	20x	as long as short
edgeX SNDKUSDC	+0.0855%	4h	1,755.1	−0.026%	$558K	$351K	10x	as long as short