Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.022%

Price spread now: Deribit against Aster+0.011%7-day average −0.003% · 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−$38as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.063%−$6 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.011%, 7d avg −0.003%

Together, before fees−0.146%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.063%, 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	Aster SNDKUSD1	1,771.4	0	get 0.0000% / 8h	1h 44m	$21.8M	$39.7M	20x
Short	Deribit SNDK_USDC-PERPETUAL	1,771.6	0.0083	get 0.0010% / 1h	44m 47s	$49K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now +0.011%Rate

Funding earned: $17.46
Price spread: +0.011% → −0.003%: $1.35
Slippage, 4 orders: −$24.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$20.42
Costs to cover: 0.392%
Break-even: 15.2 days

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 39 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 Aster live order book, 4 min ago	1.04 bp	6.3 bp −$6	13.8 bp −$138	doesn't fit	doesn't fit
Sell Deribit live order book, 39 min ago	1.92 bp	15.8 bp −$16	19.4 bp −$194	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	1,771.3	−0.003%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,770.8	−0.034%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,771.4	long leg	$21.8M	$39.7M	20x
Binance SNDKUSDT	0.0000%	8h	1,771.4	0.000%	$286.4M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.6	+0.013%	$31.7M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.5	+0.008%	$87.7M	$845.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.5	+0.008%	$183.3M	$241.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.5	+0.007%	$49.6M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,770.2	−0.065%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,770.6	−0.040%	$9K	$1.0M	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	1,771.4	+0.002%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.1	−0.012%	$13K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.9	−0.025%	$880	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.3	−0.004%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.5	+0.009%	$2.8M	$963K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,771.2	−0.008%	$755	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,771.9	+0.031%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.9	+0.031%	$1.5M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.5	+0.005%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.3	−0.005%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.615%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.3	−0.059%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.3	−0.058%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.2	−0.009%	$244K	$672K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771	−0.020%	$112.7M	$152.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,770.2	−0.065%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771	−0.020%	$196K	$90K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.8	−0.030%	$724K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.7	−0.037%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.5	−0.050%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,771.6	+0.016%	$438K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0068%	1h	1,770.8	−0.031%	$309K	$1.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.1	−0.013%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUALshort	+0.0083%	1h	1,771.6	+0.011%	$49K	$244K	10x
Pacifica SNDK	+0.0100%	1h	1,770.8	−0.032%	$213K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.5	−0.047%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771	−0.020%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.9	−0.027%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0157%	4h	1,770.7	−0.036%	$562K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,772	+0.035%	$129K	$415K	20x	as long as short