Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Gate against Deribit−0.039%7-day average −0.008% · 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−$53as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.039%, 7d avg −0.008%

Together, before fees+0.089%+$9 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: Gate is 0.031% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,789.8	0	get 0.0000% / 1h	38m 32s	$51K	$344K	10x
Short	Gate SNDK_USDT	1,789.1	0	get 0.0000% / 8h	4h 38m	$180.1M	$230.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.008%: −$3.15
Slippage, 4 orders: −$27.92
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.07
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Deribit: live order book, 20 min ago; Gate: 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, 20 min ago	6.34 bp	14.1 bp −$14	18.0 bp −$180	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.03 bp	9.7 bp −$10	17.4 bp −$174	35.6 bp −$3,563	59.8 bp −$29.9K

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	1,789.4	−0.025%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,789.2	−0.034%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.3	+0.026%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.4	−0.023%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.9	−0.051%	$1.5M	$13.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.230%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.5	−0.015%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.4	−0.022%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.7	−0.005%	$32.6M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.045%	$84.9M	$826.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,790.3	+0.030%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,789.1	−0.039%	$180.1M	$230.8M	75x
Bitget SNDKUSDT	0.0000%	8h	1,789.2	−0.036%	$43.8M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790	+0.012%	$20K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	−0.023%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.098%	$753	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,789.8	long leg	$51K	$344K	10x
HTX SNDK-USDT	0.0000%	8h	1,788.6	−0.070%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.2	−0.037%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.4	−0.025%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0014%	8h	1,788.3	−0.087%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.4	+0.033%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.007%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.3	−0.029%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.567%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.165%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.8	+0.001%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	−0.041%	—	$581K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0046%	1h	1,789.3	−0.028%	$115.2M	$146.2M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.4	−0.023%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.4	−0.025%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	−0.056%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.2	−0.037%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.1	−0.040%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789	−0.046%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0083%	4h	1,789.1	−0.041%	$568K	$351K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.2	−0.033%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.4	+0.035%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.6	−0.070%	$8K	$3K	20x	as long as short