Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.017%

Price spread now: Deribit against OKX+0.002%7-day average +0.009% · 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−$390.386% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$3 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.002%, 7d avg +0.009%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,776.1	0	get 0.0000% / 8h	13m 15s	$86.8M	$844.8M	75x
Short	Deribit SNDK_USDC-PERPETUAL	1,776.1	0.0003	get 0.0000% / 1h	13m 15s	$50K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0.72
Price spread: +0.002% → +0.009%: −$0.69
Slippage, 4 orders: −$21.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.54
Costs to cover: 0.386%
Break-even: 382.6 days

Slippage from OKX: live order book, 6 min ago; Deribit: live order book, 65 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 OKX live order book, 6 min ago	0.28 bp	5.3 bp −$5	6.1 bp −$61	14.2 bp −$1,418	49.0 bp −$24.5K
Sell Deribit live order book, 65 min ago	1.80 bp	18.0 bp −$18	22.3 bp −$223	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	1,775.8	−0.015%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0085%	1h	1,775.9	−0.011%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,775.5	−0.037%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776.4	+0.017%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,775.7	−0.023%	$283.4M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776	−0.004%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,776.1	long leg	$86.8M	$844.8M	75x
Gate SNDK_USDT	0.0000%	8h	1,775.8	−0.020%	$183.8M	$240.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.7	−0.024%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.088%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.102%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.084%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.6	−0.028%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	−0.075%	$873	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775.9	−0.014%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,776.1	−0.003%	$2.8M	$1.0M	50x	as long as short
Deribit SNDK_USDC-PERPETUALshort	+0.0003%	1h	1,776.1	+0.002%	$50K	$305K	10x
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.1	+0.054%	$671	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,776.8	+0.038%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776	−0.003%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776	−0.006%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.343%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.1	−0.056%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.7	−0.023%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,775.9	−0.011%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,775.3	−0.045%	$113.1M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,775.1	−0.056%	$202K	$125K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.7	−0.021%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,775.4	−0.037%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	+0.051%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.5	−0.036%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0080%	4h	1,776.8	+0.041%	$564K	$356K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.164%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,775.6	−0.030%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,776.5	+0.024%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	+0.082%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,775.3	−0.046%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,776.7	+0.034%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0163%	1h	1,775.8	−0.016%	$355K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,776.2	+0.006%	$129K	$405K	20x	as long as short