Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: Phemex against Deribit−0.011%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Deribit Short on Phemex

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)+0.005%$0 · spread now −0.011%, 7d avg +0.011%

Together, before fees+0.061%+$6 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: Phemex is 0.022% cheaper against Deribit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,777.9	0	get 0.0000% / 1h	41m 14s	$51K	$346K	10x
Short	Phemex SNDKUSDT	1,777.7	0	get 0.0000% / 8h	3h 41m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → +0.011%: −$2.22
Slippage, 4 orders: −$56.65
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.87
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from Deribit: live order book, 12 min ago; Phemex: live order book, 2 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, 12 min ago	10.73 bp	14.3 bp −$14	18.5 bp −$185	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.47 bp	25.4 bp −$25	doesn't fit	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	1,777	−0.051%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0101%	1h	1,779.9	+0.111%	$4.8M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,779.1	+0.066%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0038%	1h	1,779.6	+0.093%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,778.2	+0.013%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.128%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.2	+0.073%	$21.7M	$33.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.4	−0.029%	$283.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.2	+0.012%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,776.1	−0.103%	$83.2M	$824.1M	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	1,779	+0.059%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.7	−0.012%	$179.2M	$229.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778	+0.002%	$43.7M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.241%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.138%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.240%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.8	−0.006%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,775.9	−0.113%	$723	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,777.9	long leg	$51K	$346K	10x
HTX SNDK-USDT	0.0000%	8h	1,777.1	−0.047%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,777.7	−0.011%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.2	+0.183%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,778.3	+0.021%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778	+0.003%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.9	−0.002%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.239%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,779.7	+0.099%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.4	−0.028%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	+0.026%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	+0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.1	+0.010%	$117.4M	$150.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.3	+0.021%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.2	−0.040%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,780.4	+0.139%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.4	−0.032%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.1	+0.068%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.146%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.5	−0.078%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,778	+0.006%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.067%	$565K	$351K	10x	as long as short