Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Aster against Deribit+0.040%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−$39as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.040%, 7d avg +0.003%

Together, before fees+0.079%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.036% dearer against Deribit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,763.3	0	get 0.0000% / 1h	22m 50s	$51K	$351K	10x
Short	Aster SNDKUSD1	1,764	0	get 0.0000% / 8h	1h 22m	$21.5M	$32.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.003%: $3.62
Slippage, 4 orders: −$27.51
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.89
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Deribit: live order book, 21 min ago; Aster: live order book, 6 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, 21 min ago	9.38 bp	13.5 bp −$13	18.3 bp −$183	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	2.02 bp	6.9 bp −$7	10.5 bp −$105	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 SNDKUSDT	−0.0355%	8h	1,764.1	+0.044%	$48.0M	$166.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.2	−0.003%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,762.8	−0.028%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,762.8	−0.028%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,764	+0.040%	$21.5M	$32.9M	20x
Binance SNDKUSDT	0.0000%	8h	1,763.9	+0.032%	$280.3M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.6	+0.071%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.3	+0.057%	$82.5M	$837.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.6	+0.020%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.9	+0.033%	$177.1M	$231.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.5	−0.099%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.175%	$10K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	−0.130%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.2	−0.006%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.1	−0.013%	$673	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,763.3	long leg	$51K	$351K	10x
HTX SNDK-USDT	0.0000%	8h	1,762.5	−0.044%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.8	+0.031%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.5	−0.102%	$655	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760.9	−0.137%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0018%	1h	1,763.8	+0.031%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,764.2	+0.052%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.5	+0.009%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.6	+0.015%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.080%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.7	−0.146%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.1	−0.011%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.2	+0.052%	$118.7M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.8	−0.085%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.4	−0.050%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,763.2	−0.004%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.5	+0.014%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763	−0.016%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.9	−0.019%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.4	+0.006%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.4	−0.163%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.6	−0.037%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.132%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.8	+0.029%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0891%	4h	1,760.1	−0.183%	$559K	$351K	10x	as long as short