Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0107%/8hnext payment +$0.13 per $10,000 · paid last 24h −0.035%

Price spread now: Deribit against Coinbase International+0.132%7-day average −0.020% · 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−$30as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.132%, 7d avg −0.020%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.152% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 3 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,746.6	0.0032	pay 0.0004% / 1h	21m 21s	$430K	$2.2M	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,748.9	0.0139	get 0.0017% / 1h	21m 21s	$48K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.132%Rate

Funding earned: $22.46
Price spread: +0.132% → −0.020%: $15.19
Slippage, 4 orders: −$28.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.97
Costs to cover: 0.456%
Break-even: 9.5 days

Slippage from Coinbase International: live order book, 2 min ago; Deribit: 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 Coinbase International live order book, 2 min ago	2.60 bp	7.7 bp −$8	11.5 bp −$115	35.9 bp −$3,585	doesn't fit
Sell Deribit live order book, 11 min ago	8.94 bp	14.4 bp −$14	16.3 bp −$163	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	1,747.9	+0.073%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.034%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,749.9	+0.190%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,753.2	+0.378%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,753.3	+0.381%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,752.6	+0.343%	$284.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,752.2	+0.321%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752	+0.310%	$88.3M	$803.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,753.9	+0.419%	$127K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,753.1	+0.375%	$189.8M	$238.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,753.7	+0.409%	$50.5M	$165.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.095%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,748.2	+0.091%	$16K	$836K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,752.8	+0.356%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	+0.098%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	+0.109%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,749.1	+0.145%	$2.8M	$812K	50x	as long as short
Lighter SNDK	+0.0032%	1h	1,753	+0.365%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	+0.341%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752.5	+0.341%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0032%	1h	1,746.6	long leg	$430K	$2.2M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+3.056%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0039%	1h	1,749.1	+0.146%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,752.5	+0.337%	$296K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,751.7	+0.290%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,753.5	+0.396%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,752.2	+0.323%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,753.2	+0.378%	$109.8M	$143.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,753.3	+0.384%	$195K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	+0.111%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,752.4	+0.333%	$1.4M	$4.3M	5x	as long as short
Nado SNDK-PERP	+0.0056%	1h	1,752.2	+0.319%	$349K	$1.2M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	+0.110%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.7	+0.348%	$194K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,752.7	+0.351%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.025%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,752.4	+0.333%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	+0.0139%	1h	1,748.9	+0.132%	$48K	$188K	10x
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	+0.152%	$129K	$381K	20x	as long as short
edgeX SNDKUSDC	+0.0801%	4h	1,747.6	+0.059%	$553K	$344K	10x	as long as short