Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0257%/8h= +28.1% APRpaid last 24h −0.010%

Price spread now: Deribit against Bitget−0.009%7-day average +0.007% · 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−$44as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.009%, 7d avg +0.007%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.068% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,760.9	−0.0370	get 0.0370% / 8h	1h 28m	$48.0M	$166.2M	75x
Short	Deribit SNDK_USDC-PERPETUAL	1,760.7	−0.0113	pay 0.0014% / 1h	28m 12s	$51K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.009%Rate

Funding earned: $53.89
Price spread: −0.009% → +0.007%: −$1.57
Slippage, 4 orders: −$23.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.6
Costs to cover: 0.427%
Break-even: 5.8 days

Slippage from Bitget: live order book, 1 min ago; Deribit: live order book, 15 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 Bitget live order book, 1 min ago	0.20 bp	7.3 bp −$7	10.7 bp −$107	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	9.38 bp	14.6 bp −$15	17.5 bp −$175	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
Bitget SNDKUSDTlong	−0.0370%	8h	1,760.9	long leg	$48.0M	$166.2M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,760.1	−0.045%	$3.9M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUALshort	−0.0113%	1h	1,760.7	−0.009%	$51K	$351K	10x
KuCoin SNDKUSDTM	−0.0012%	8h	1,760.1	−0.043%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.4	−0.026%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.4	+0.031%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.7	−0.010%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761	+0.010%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.7	−0.010%	$82.3M	$835.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,761.6	+0.043%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,760.8	−0.007%	$177.3M	$230.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,759	−0.105%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.8	−0.061%	$10K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.9	−0.112%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.9	+0.004%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.5	−0.024%	$864	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.9	−0.056%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.1	+0.012%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,758.3	−0.147%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.4	−0.081%	$722	$38K	5x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,761.2	+0.018%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,761.5	+0.036%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761	+0.007%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.7	−0.009%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.220%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.6	−0.127%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.9	+0.002%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.9	+0.002%	$118.5M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.9	−0.055%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.8	−0.061%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.4	−0.027%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.5	−0.023%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.8	−0.004%	$1.3M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.5	−0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.7	−0.010%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760	−0.049%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.3	−0.034%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	+0.006%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,761.1	+0.013%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0890%	4h	1,758.6	−0.129%	$559K	$353K	10x	as long as short