Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.007%

Price spread now: Bybit against Deribit+0.053%7-day average +0.015% · 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−$39as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.053%, 7d avg +0.015%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.038% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,759.9	−0.0017	get 0.0002% / 1h	50m 12s	$51K	$351K	10x
Short	Bybit SNDKUSDT	1,760.9	0	get 0.0000% / 8h	50m 12s	$31.7M	$103.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $3.57
Price spread: +0.053% → +0.015%: $3.83
Slippage, 4 orders: −$24.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.36
Costs to cover: 0.428%
Break-even: 76.4 days

Slippage from Deribit: live order book, 53 min ago; Bybit: live order book, 4 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, 53 min ago	9.38 bp	13.5 bp −$13	18.3 bp −$183	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.20 bp	7.7 bp −$8	10.5 bp −$105	34.2 bp −$3,416	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	−0.0323%	8h	1,761.1	+0.067%	$48.4M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.8	−0.062%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,759.7	−0.012%	$326K	$1.5M	10x	as long as short
Deribit SNDK_USDC-PERPETUALlong	−0.0017%	1h	1,759.9	long leg	$51K	$351K	10x
KuCoin SNDKUSDTM	−0.0014%	8h	1,758.9	−0.057%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,759.2	−0.039%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.4	+0.086%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.4	+0.085%	$279.7M	$1.87B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,760.9	+0.053%	$31.7M	$103.8M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.9	+0.056%	$82.4M	$834.2M	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	1,760.3	+0.020%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.8	+0.049%	$177.2M	$228.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.6	−0.077%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	−0.065%	$21K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	−0.081%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.8	−0.007%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.5	−0.026%	$1K	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.1	+0.011%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.7	+0.043%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,759.5	−0.022%	$740	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.9	−0.174%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,761.1	+0.067%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.5	+0.035%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.9	−0.003%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.275%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.089%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.5	−0.024%	$242K	$653K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.2	+0.073%	$119.0M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.1	−0.047%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	−0.086%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.3	−0.038%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.1	−0.044%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.1	−0.047%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.9	−0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.3	−0.035%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.9	−0.002%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.4	−0.032%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	−0.016%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,760.3	+0.019%	$127K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0993%	4h	1,759	−0.053%	$559K	$351K	10x	as long as short