Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Phemex against Deribit−0.006%7-day average +0.013% · 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−$77as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.006%, 7d avg +0.013%

Together, before fees+0.058%+$6 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	1,773.8	0	get 0.0000% / 1h	6m 27s	$49K	$263K	10x
Short	Phemex SNDKUSDT	1,773.7	0	get 0.0000% / 8h	1h 06m	$2.8M	$991K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.013%: −$1.85
Slippage, 4 orders: −$55.89
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$76.74
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 min ago; Phemex: 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, 12 min ago	1.80 bp	9.6 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.57 bp	16.7 bp −$17	doesn't fit	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	1,773.6	−0.012%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0075%	1h	1,773.2	−0.036%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774.1	+0.016%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.6	+0.041%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.4	+0.030%	$285.4M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.4	+0.030%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.5	+0.038%	$87.4M	$842.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.2	+0.020%	$183.6M	$241.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.5	+0.039%	$49.6M	$169.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.2	−0.033%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,774.2	+0.022%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.5	−0.019%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.6	−0.012%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773	−0.045%	$826	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,773.8	long leg	$49K	$263K	10x
HTX SNDK-USDT	0.0000%	8h	1,773.7	−0.008%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,773.7	−0.006%	$2.8M	$991K	50x
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.9	+0.003%	$683	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.2	+0.075%	$174K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.1	+0.074%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.6	+0.042%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.3	−0.029%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.473%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.8	−0.001%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.5	−0.020%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.3	+0.026%	$245K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.3	+0.026%	$113.1M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774	+0.010%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.6	−0.016%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.1	+0.014%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.6	−0.013%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,775	+0.063%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.5	−0.018%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774	+0.010%	$213K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.3	−0.029%	$6.0M	$22.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773.9	+0.004%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.8	−0.060%	$8K	$2K	20x	as long as short
Nado SNDK-PERP	+0.0116%	1h	1,773.5	−0.019%	$386K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.3	+0.025%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0635%	4h	1,773.3	−0.031%	$563K	$354K	10x	as long as short