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 +0.014%

Price spread now: SunX against Deribit−0.127%7-day average −0.041% · 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−$102as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.127%, 7d avg −0.041%

Together, before fees+0.128%+$13 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: SunX is 0.086% cheaper against Deribit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,782.9	0	get 0.0000% / 1h	47m 19s	$51K	$345K	10x
Short	SunX SNDK-USDT	1,780.7	0	get 0.0000% / 8h	3h 47m	$995	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.041%: −$8.64
Slippage, 4 orders: −$78.07
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$101.71
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from Deribit: live order book, 6 min ago; SunX: live order book, 11 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, 6 min ago	10.73 bp	14.3 bp −$14	18.5 bp −$185	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	28.08 bp	32.1 bp −$32	61.6 bp −$616	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	1,782	−0.053%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0099%	1h	1,782.8	−0.007%	$4.9M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0049%	1h	1,782.9	−0.003%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,782.7	−0.014%	$6.1M	$22.0M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,781.8	−0.062%	$1.4M	$12.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.146%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.3	+0.023%	$21.8M	$34.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.6	−0.021%	$284.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.9	0.000%	$32.3M	$101.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.5	−0.024%	$83.5M	$824.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,783.1	+0.011%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782	−0.050%	$179.7M	$228.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,782.1	−0.047%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.1	+0.007%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.7	−0.180%	$13K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.1	−0.047%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,782.2	−0.041%	$14K	$287K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,780.7	−0.127%	$995	$3.6M	20x
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,782.9	long leg	$51K	$345K	10x
HTX SNDK-USDT	0.0000%	8h	1,782.1	−0.046%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782	−0.055%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,783.7	+0.044%	$664	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,782.9	−0.003%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,782.8	−0.007%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,782.9	+0.001%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.955%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,782	−0.053%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.2	−0.098%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,782.4	−0.030%	$245K	$649K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,782.3	−0.036%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,782.6	−0.019%	$117.9M	$150.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,781.8	−0.063%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.1	−0.047%	$728K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	−0.080%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.1	−0.045%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.9	−0.004%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.2	−0.153%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,781.6	−0.075%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,782.9	−0.001%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0290%	4h	1,781.1	−0.104%	$566K	$353K	10x	as long as short