Funding you earn now, next payment 01:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Bullet+0.046%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−$31as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.046%, 7d avg −0.003%
=The price spread pays, funding is against you. Deribit is 0.049% dearer against Bullet than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.003%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 3 days (−0.038% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SNDK-USD | 1,788.3 | 0.0089 | pay 0.0011% / 1h | 47m 49s | $14K | $291K | 10x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,789.1 | 0 | get 0.0000% / 1h | 47m 49s | $50K | $311K | 10x |
Bullet SNDK-USD
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.75
- Price spread: +0.046% → −0.003%
- $4.9
- Slippage, 4 orders
- −$21.36
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$50.21
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 26 min ago; Deribit: live order book, 26 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 Bullet live order book, 26 min ago | 0.28 bp | 6.1 bp −$6 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 26 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 | 1,786.4 | −0.104% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,787.6 | −0.038% | $21.8M | $45.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,788.8 | +0.031% | $286.5M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,789.6 | +0.078% | $32.3M | $100.7M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,789.1 | +0.047% | $86.7M | $839.4M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,789 | +0.040% | $183.4M | $232.9M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,788.9 | +0.039% | $48.5M | $168.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,784.1 | −0.232% | $2.6M | $4.6M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,782.4 | −0.330% | $9K | $1.1M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,782.8 | −0.305% | $278K | $195K | 15x | as long as short |
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SNDK-USDT | 0.0000% | 8h | 1,786.8 | −0.079% | $758 | $3.8M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | 0.0000% | 1h | 1,789.1 | +0.046% | $50K | $311K | 10x | |
| HTX SNDK-USDT | 0.0000% | 8h | 1,787.7 | −0.032% | $1.5M | $10.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,788.2 | −0.001% | $2.8M | $1.0M | 50x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,787.7 | −0.031% | $2.2M | $20.8M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,787.7 | −0.030% | $175K | $1.8M | 20x | as long as short |
| Aftermath Perps SNDKUSD | +0.0011% | 1h | 1,783.1 | −0.286% | $821 | $37K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,790 | +0.096% | $1.6M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,788.9 | +0.034% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,789.5 | +0.070% | $421K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.655% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.6 | −0.262% | $299K | $1.6M | 10x | as long as short |
| Nado SNDK-PERP | +0.0041% | 1h | 1,788.4 | +0.007% | $355K | $1.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,787.9 | −0.022% | — | $674K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,787.5 | −0.042% | $247K | $654K | 20x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,785 | −0.182% | $4.8M | $20.0M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,788.1 | −0.008% | $187K | $135K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,788.3 | +0.001% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,786.2 | −0.115% | $1.4M | $4.9M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,788.1 | −0.009% | $1K | — | 10x | as long as short |
| Bullet SNDK-USDlong | +0.0089% | 1h | 1,788.3 | long leg | $14K | $291K | 10x | |
| Pacifica SNDK | +0.0100% | 1h | 1,787.4 | −0.048% | $199K | $293K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,787.9 | −0.017% | $6.1M | $22.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,783.5 | −0.265% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.7 | −0.088% | $8K | $3K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0127% | 1h | 1,789.4 | +0.064% | $115.0M | $150.1M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,784.7 | −0.200% | $442K | $2.3M | 10x | as long as short |
| SoDEX SNDK-USD | +0.0629% | 1h | 1,787.1 | −0.067% | $730K | $521K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0660% | 1h | 1,788.8 | +0.032% | $130K | $389K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0902% | 4h | 1,781.7 | −0.365% | $566K | $354K | 10x | as long as short |
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
RISEx SNDK/USDC
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Nado SNDK-PERP
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Entropy io:SNDK
Polymarket Perps SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
tradeXYZ xyz:SNDK
Coinbase International SNDK-PERP-INTX
SoDEX SNDK-USD
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC