Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Deribit against Phemex+0.006%7-day average −0.011% · 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−$82as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Phemex Short on Deribit

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)+0.008%+$1 · spread now +0.006%, 7d avg −0.011%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,761.5	0	get 0.0000% / 8h	15m 24s	$2.8M	$1.1M	50x
Short	Deribit SNDK_USDC-PERPETUAL	1,761.6	0	get 0.0000% / 1h	15m 24s	$51K	$355K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phemex. 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 PhemexbpFee DeribitbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.011%: $1.64
Slippage, 4 orders: −$65.04
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$82.4
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Deribit: live order book, 23 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 Phemex live order book, 3 min ago	1.08 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 23 min ago	6.24 bp	17.6 bp −$18	20.3 bp −$203	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	−0.0261%	8h	1,762	+0.026%	$48.2M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.6	+0.003%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,760.8	−0.043%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0005%	1h	1,761.6	+0.001%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.5	−0.003%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762	+0.028%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.7	+0.010%	$280.1M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.8	+0.014%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.6	+0.004%	$82.2M	$833.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.056%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,761.7	+0.010%	$179.2M	$229.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.4	−0.008%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.2	+0.037%	$26K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.9	+0.021%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.8	+0.016%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	+0.017%	$888	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,761.6	+0.006%	$51K	$355K	10x
HTX SNDK-USDT	0.0000%	8h	1,761.6	+0.002%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,761.5	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.3	+0.043%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.6	−0.109%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.6	+0.060%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.1	+0.030%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.1	−0.023%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.182%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.055%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.004%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	+0.015%	$119.8M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.2	−0.019%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.4	−0.064%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.6	+0.002%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.3	−0.015%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762	+0.027%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.5	−0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.6	+0.004%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.5	+0.056%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.2	−0.019%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.1	−0.084%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.2	+0.036%	$127K	$338K	20x	as long as short
edgeX SNDKUSDC	+0.0642%	4h	1,761.6	+0.006%	$560K	$352K	10x	as long as short