SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.004%

Price spread now: Deribit against Arcus+0.220%7-day average +0.050% · 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−$24as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.220%, 7d avg +0.050%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.170% dearer against Arcus than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.050%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,756.6	0.0040	pay 0.0005% / 1h	24m 04s	$260K	$1.4M	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,760.5	0	get 0.0000% / 1h	24m 04s	$51K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$8.46
Price spread: +0.220% → +0.050%: $17.03
Slippage, 4 orders: −$29.63
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.56
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Deribit: live order book, 25 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 Arcus live order book, 5 min ago	0.57 bp	8.3 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Deribit live order book, 25 min ago	8.19 bp	14.0 bp −$14	17.6 bp −$176	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	−0.0321%	8h	1,760.1	+0.200%	$45.8M	$163.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	+0.079%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,759	+0.133%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.6	+0.115%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.7	+0.174%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.8	+0.182%	$279.4M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.6	+0.227%	$31.7M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.7	+0.233%	$81.7M	$828.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758.4	+0.105%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.6	+0.172%	$175.2M	$230.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,756.4	−0.011%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.092%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.052%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.4	+0.159%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.2	+0.146%	$968	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,760.5	+0.220%	$51K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,759.9	+0.187%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.7	+0.178%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,758.8	+0.122%	$327K	$1.5M	10x	as long as short
Entropy io:SNDK	+0.0006%	1h	1,757.2	+0.034%	$4.7M	$19.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,756	−0.034%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.6	+0.111%	$687	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.1	+0.084%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760	+0.195%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.2	+0.202%	$415K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.468%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,756.6	long leg	$260K	$1.4M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,759.5	+0.165%	$242K	$658K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.8	+0.182%	$117.4M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.5	+0.108%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.2	+0.088%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	+0.104%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.6	−0.001%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0072%	1h	1,760.7	+0.232%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.131%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760	+0.195%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.059%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.7	+0.118%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,760.2	+0.206%	$127K	$351K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.092%	$557K	$351K	10x	as long as short