Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.053%

Price spread now: Binance against Deribit−0.016%55s7-day average −0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.383% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 2 days (all we have)+0.003%$0 · spread now −0.016%, 7d avg −0.015%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,779.2	0	get 0.0000% / 1h	39m 25s	$50K	$281K	10x
Short	Binance SNDKUSDT	1,778.9	0	get 0.0000% / 8h	39m 25s	$284.5M	$1.88B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.015%: −$0.19
Slippage, 4 orders: −$21.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.47
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Deribit: live order book, 39 min ago; Binance: 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	1.80 bp	9.6 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.03 bp	5.7 bp −$6	6.6 bp −$66	11.4 bp −$1,138	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	1,778.5	−0.040%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0062%	1h	1,778.2	−0.056%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.7	−0.030%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.4	+0.010%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,778.9	−0.016%	$284.5M	$1.88B	75x
Bybit SNDKUSDT	0.0000%	8h	1,779.2	−0.003%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.1	−0.006%	$87.3M	$845.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.9	−0.018%	$184.1M	$239.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.1	−0.006%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.7	−0.030%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779	−0.012%	$12K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.6	−0.034%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.9	−0.017%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778.6	−0.033%	$939	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,779.2	long leg	$50K	$281K	10x
HTX SNDK-USDT	0.0000%	8h	1,778.6	−0.034%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779	−0.013%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,779.1	−0.006%	$672	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.2	+0.057%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.1	−0.006%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−0.032%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.167%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.5	−0.042%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−0.033%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.9	−0.017%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.8	−0.022%	$113.4M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.9	−0.017%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,778.8	−0.021%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.8	−0.024%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.028%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778.7	−0.030%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	−0.034%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.8	−0.020%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.3	−0.052%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.9	−0.016%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.9	−0.074%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0152%	1h	1,779.8	+0.036%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0181%	1h	1,779	−0.012%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	+0.029%	$129K	$407K	20x	as long as short
edgeX SNDKUSDC	+0.0896%	4h	1,778.5	−0.041%	$565K	$354K	10x	as long as short