SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.018%

Price spread now: Deribit against QFEX+0.027%7-day average +0.007% · 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−$34as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.027%, 7d avg +0.007%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.020% dearer against QFEX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of +0.007%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,789.6	0.0001	pay 0.0000% / 1h	22m 57s	$2.0M	$19.7M	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,790.1	−0.0040	pay 0.0005% / 1h	22m 57s	$50K	$314K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against QFEX. 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 QFEXbpFee DeribitbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$8.75
Price spread: +0.027% → +0.007%: $2.02
Slippage, 4 orders: −$19.37
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.1
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Deribit: live order book, 51 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 QFEX live order book, 6 min ago	1.12 bp	6.1 bp −$6	6.1 bp −$61	11.9 bp −$1,188	doesn't fit
Sell Deribit live order book, 51 min ago	3.01 bp	15.9 bp −$16	23.3 bp −$233	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	1,790.7	+0.061%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUALshort	−0.0040%	1h	1,790.1	+0.027%	$50K	$314K	10x
Aster SNDKUSD1	0.0000%	8h	1,790.8	+0.068%	$21.8M	$43.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.4	+0.103%	$286.5M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.093%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.2	+0.092%	$86.9M	$835.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.4	+0.047%	$182.3M	$235.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.8	+0.069%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.156%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.107%	$22K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,792.2	+0.148%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.2	+0.036%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.084%	$862	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.3	+0.044%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.6	+0.058%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USDlong	+0.0001%	1h	1,789.6	long leg	$2.0M	$19.7M	10x
RISEx SNDK/USDC	+0.0004%	1h	1,790.9	+0.076%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.4	+0.047%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	+0.026%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.8	+0.123%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	+0.092%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.9	+0.074%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.581%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.7	+0.005%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.8	+0.011%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.1	+0.030%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.7	+0.005%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.7	+0.064%	$115.0M	$147.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.4	−0.009%	$4.8M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	+0.002%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.8	−0.042%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.8	+0.012%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.003%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,790	+0.023%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.239%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.004%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0103%	4h	1,791.4	+0.104%	$569K	$353K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	+0.025%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0196%	1h	1,790.2	+0.033%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.4	+0.049%	$130K	$379K	20x	as long as short