Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: RISEx against Deribit+0.046%7-day average +0.029% · 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−$35as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.046%, 7d avg +0.029%

Together, before fees+0.082%+$8 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	1,764.5	0	get 0.0000% / 1h	18m 09s	$51K	$351K	10x
Short	RISEx SNDK/USDC	1,765.3	0	get 0.0000% / 1h	18m 09s	$121K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.029%: $1.67
Slippage, 4 orders: −$23.45
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$34.78
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Deribit: live order book, 25 min ago; RISEx: live order book, 1 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, 25 min ago	9.38 bp	13.5 bp −$13	18.3 bp −$183	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.19 bp	4.2 bp −$4	5.4 bp −$54	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
Bitget SNDKUSDT	−0.0320%	8h	1,764.5	+0.002%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.5	−0.058%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.7	−0.043%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765.1	+0.033%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.7	+0.010%	$280.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.9	+0.022%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.8	+0.019%	$82.6M	$837.8M	75x	as long as short
RISEx SNDK/USDCshort	0.0000%	1h	1,765.3	+0.046%	$121K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,764	−0.026%	$177.6M	$231.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,764.5	+0.002%	$2.5M	$4.8M	—	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	1,763.5	−0.058%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,764.5	+0.002%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.1	−0.021%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	−0.052%	$933	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,764.5	long leg	$51K	$351K	10x
HTX SNDK-USDT	0.0000%	8h	1,763.8	−0.036%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.8	+0.019%	$2.8M	$1.1M	50x	as long as short
KuCoin SNDKUSDTM	+0.0001%	8h	1,763.3	−0.066%	$6.0M	$22.2M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.4	−0.060%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,761.7	−0.156%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0024%	1h	1,763.9	−0.032%	$328K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.6	+0.009%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.1	−0.022%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.011%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,765.4	+0.053%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.5	−0.112%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764	−0.027%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.1	−0.021%	$118.8M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,763.3	−0.066%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.9	−0.089%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.5	+0.001%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.6	−0.048%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.4	−0.004%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.1	−0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.8	−0.038%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.022%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.6	+0.005%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.198%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,764.8	+0.017%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0501%	4h	1,763	−0.084%	$560K	$352K	10x	as long as short