Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: OKX against Deribit−0.006%7-day average −0.009% · 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−$40as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.006%, 7d avg −0.009%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,773.6	0	get 0.0000% / 1h	21m 51s	$51K	$346K	10x
Short	OKX SNDK-USDT-SWAP	1,773.5	0	get 0.0000% / 8h	3h 21m	$82.2M	$827.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.009%: $0.37
Slippage, 4 orders: −$23.31
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.93
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from Deribit: live order book, 32 min ago; OKX: live order book, 2 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, 32 min ago	10.73 bp	14.3 bp −$14	18.5 bp −$185	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.28 bp	6.1 bp −$6	7.3 bp −$73	10.7 bp −$1,074	64.3 bp −$32.1K

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	1,770.2	−0.195%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0065%	1h	1,773.1	−0.028%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,773.3	−0.019%	$6.1M	$22.0M	20x	as long as short
Nado SNDK-PERP	−0.0026%	1h	1,771.2	−0.133%	$347K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,769.7	−0.222%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,771.7	−0.105%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.4	+0.043%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.7	+0.006%	$281.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.7	+0.007%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,773.5	−0.006%	$82.2M	$827.2M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,771.6	−0.114%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.5	−0.008%	$176.8M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774	+0.025%	$44.4M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.1	+0.026%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	−0.134%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	−0.107%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.6	−0.056%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	−0.089%	$684	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,773.6	long leg	$51K	$346K	10x
HTX SNDK-USDT	0.0000%	8h	1,772	−0.092%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.1	−0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.8	+0.013%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.1	+0.025%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.3	−0.016%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.1	−0.028%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.486%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.6	−0.115%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.8	−0.269%	—	$579K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.5	−0.175%	$244K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,769.5	−0.233%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773	−0.034%	$117.3M	$152.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.1	−0.141%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.9	−0.153%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.4	−0.180%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.8	−0.045%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,770.3	−0.187%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	+0.180%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.2	−0.078%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,772.8	−0.045%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0410%	4h	1,777	+0.193%	$564K	$351K	10x	as long as short