Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Bybit against Deribit−0.001%55s7-day average +0.014% · 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−$420.421% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.001%, 7d avg +0.014%

Together, before fees+0.093%+$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	1,766.7	0	get 0.0000% / 1h	4m 19s	$51K	$350K	10x
Short	Bybit SNDKUSDT	1,766.7	0	get 0.0000% / 8h	2h 04m	$31.8M	$103.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → +0.014%: −$1.55
Slippage, 4 orders: −$24.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.67
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Deribit: live order book, 44 min ago; Bybit: 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, 44 min ago	8.19 bp	12.7 bp −$13	16.8 bp −$168	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.40 bp	7.0 bp −$7	10.0 bp −$100	35.3 bp −$3,530	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	−0.0247%	8h	1,766.5	−0.015%	$47.2M	$164.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,766.5	−0.011%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0024%	8h	1,766.3	−0.022%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,766.3	−0.022%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,767.1	+0.023%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,766.3	−0.022%	$280.2M	$1.85B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,766.7	−0.001%	$31.8M	$103.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,766.4	−0.019%	$82.2M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,767.9	+0.063%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,766.6	−0.009%	$177.0M	$232.2M	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	1,767.8	+0.059%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.5	+0.101%	$20K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,768.3	+0.089%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,766.7	−0.002%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.7	−0.058%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,766.7	long leg	$51K	$350K	10x
HTX SNDK-USDT	0.0000%	8h	1,765.8	−0.053%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.4	−0.017%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0013%	1h	1,766.1	−0.034%	$328K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,766.6	−0.006%	$657	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,765	−0.098%	—	$581K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,766.1	−0.036%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766.3	−0.024%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,766.4	−0.020%	$457K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.881%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766.1	−0.034%	$261K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,766.9	+0.010%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,766.7	−0.002%	$119.0M	$158.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.6	−0.007%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,765.8	−0.053%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,765.8	−0.051%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.5	−0.013%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.192%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,766.8	+0.002%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,766.9	+0.007%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0087%	1h	1,766.3	−0.027%	$722K	$520K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.8	+0.117%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,766.6	−0.010%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,767.4	+0.037%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0160%	4h	1,768.5	+0.100%	$562K	$352K	10x	as long as short