SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0250%/8h= +27.4% APRnext payment +$0.31 per $10,000 · paid last 24h −0.002%

Price spread now: Arcus against Deribit+0.016%7-day average −0.049% · 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−$37as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.016%, 7d avg −0.049%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Arcus is 0.066% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.049%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.079% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. 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	Deribit SNDK_USDC-PERPETUAL	1,760.3	−0.0210	get 0.0026% / 1h	59m 21s	$51K	$375K	10x
Short	Arcus SNDK-USD	1,760.6	0.0040	get 0.0005% / 1h	59m 21s	$256K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.016%Rate

Funding earned: $52.54
Price spread: +0.016% → −0.049%: $6.57
Slippage, 4 orders: −$31.97
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $15.64
Costs to cover: 0.435%
Break-even: 4.9 days

Slippage from Deribit: live order book, 39 min ago; Arcus: live order book, 5 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 Deribit live order book, 39 min ago	6.24 bp	10.3 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	0.88 bp	10.2 bp −$10	13.8 bp −$138	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
Bullet SNDK-USD	−0.0337%	1h	1,759	−0.075%	$13K	$289K	10x	as long as short
HTX SNDK-USDT	−0.0243%	8h	1,758.5	−0.105%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0235%	8h	1,759.5	−0.046%	$50.0M	$165.8M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0213%	1h	1,761	+0.039%	$120.0M	$157.9M	10x	as long as short
Deribit SNDK_USDC-PERPETUALlong	−0.0210%	1h	1,760.3	long leg	$51K	$375K	10x
BloFin SNDK-USDT	−0.0120%	8h	1,759.7	−0.037%	$3.9M	$4.6M	75x	as long as short
SoDEX SNDK-USD	−0.0059%	1h	1,759.1	−0.072%	$719K	$520K	10x	as long as short
Popdex SNDKUSDT	−0.0024%	1h	1,760.2	−0.007%	$242K	$647K	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.5	+0.066%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.4	+0.060%	$21.5M	$32.9M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SNDKUSDT	0.0000%	8h	1,760.4	+0.006%	$279.7M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.1	+0.047%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.5	−0.047%	$82.3M	$830.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.102%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.9	−0.027%	$179.2M	$215.3M	75x	as long as short
KuCoin SNDKUSDTM	0.0000%	8h	1,761.4	+0.061%	$6.0M	$22.6M	20x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	+0.046%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.3	+0.057%	$19K	$2.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,763.1	+0.161%	$327K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	+0.050%	$274K	$193K	15x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.7	+0.080%	$844	$3.4M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.077%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,759.4	−0.050%	—	$577K	10x	as long as short
Lighter RH SNDK	+0.0016%	1h	1,760.5	+0.010%	$1.2M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,761.7	+0.076%	$673	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.5	+0.010%	$1.8M	$16.1M	20x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	+0.077%	$481K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.252%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,760.6	+0.016%	$256K	$1.5M	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.3	+0.167%	—	—	5x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.4	+0.061%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.7	+0.078%	$185K	$128K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761	+0.039%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.9	−0.024%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.3	+0.112%	$198K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763	+0.150%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	+0.033%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.2	−0.009%	$427K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0125%	4h	1,762.3	+0.114%	$560K	$351K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,760.3	0.000%	$126K	$343K	20x	as long as short