Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Deribit against SunX+0.070%7-day average +0.038% · 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−$89as in the Price arb table

costs, in and out, $10k−$920.919% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.070%, 7d avg +0.038%

Together, before fees−0.085%−$8 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: Deribit is 0.031% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,783.7	0	get 0.0000% / 8h	6h 00m	$749	$3.6M	20x
Short	Deribit SNDK_USDC-PERPETUAL	1,785	0	get 0.0000% / 1h	0m 52s	$51K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.038%: $3.12
Slippage, 4 orders: −$76.91
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.79
Costs to cover: 0.919%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Deribit: live order book, 3 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 SunX live order book, 7 min ago	28.05 bp	32.0 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	7.42 bp	16.6 bp −$17	20.1 bp −$201	doesn't fit	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.7	+0.055%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,785.9	+0.124%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0028%	1h	1,785	+0.072%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.5	+0.045%	$1.6M	$15.6M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0006%	1h	1,784.3	+0.033%	$114.5M	$145.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.2	+0.085%	$21.8M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784	+0.013%	$285.4M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.8	+0.058%	$32.1M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.1	+0.021%	$85.3M	$821.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.2	+0.027%	$180.5M	$232.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,784.1	+0.023%	$43.8M	$163.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.2	+0.029%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.5	+0.101%	$19K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.5	+0.043%	$15K	$292K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,783.7	long leg	$749	$3.6M	20x
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,785	+0.070%	$51K	$331K	10x
HTX SNDK-USDT	0.0000%	8h	1,784.9	+0.063%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.6	+0.050%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.6	+0.108%	$664	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.6	+0.105%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.1	+0.079%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.4	+0.040%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.910%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784	+0.015%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784	+0.013%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785	+0.070%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.6	+0.049%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	+0.016%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.6	+0.050%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	+0.061%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.2	+0.025%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784	+0.017%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.9	+0.069%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.2	+0.024%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.6	+0.107%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.2	+0.029%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.2	+0.082%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.7	+0.111%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0444%	4h	1,785	+0.073%	$567K	$353K	10x	as long as short