SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0902%/8h= +98.8% APRnext payment +$1.13 per $10,000 · paid last 24h +0.012%

Price spread now: RISEx against Deribit+0.090%7-day average +0.030% · 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−$30as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.090%, 7d avg +0.030%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and RISEx is 0.060% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.030%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.122% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,774.7	−0.0004	get 0.0000% / 1h	59m 22s	$33K	$399K	10x
Short	RISEx SNDK/USDC	1,776.3	0.0898	get 0.0112% / 1h	59m 22s	$146K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.090%Rate

Funding earned: $189.41
Price spread: +0.090% → +0.030%: $6.02
Slippage, 4 orders: −$23.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $159.16
Costs to cover: 0.363%
Break-even: 1.1 days

Slippage from Deribit: live order book, 52 min ago; RISEx: live order book, 2 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, 52 min ago	4.84 bp	19.0 bp −$19	23.8 bp −$238	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.46 bp	4.5 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0258%	1h	1,773.9	−0.041%	$167K	$385K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,774.7	+0.005%	$4.0M	$4.7M	75x	as long as short
Deribit SNDK_USDC-PERPETUALlong	−0.0004%	1h	1,774.7	long leg	$33K	$399K	10x
Aster SNDKUSD1	0.0000%	8h	1,775.4	+0.042%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,775.2	+0.028%	$283.2M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775.3	+0.034%	$31.6M	$107.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.2	+0.030%	$82.6M	$844.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.1	+0.025%	$182.3M	$218.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775	+0.020%	$49.7M	$172.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,775.8	+0.066%	$2.7M	$4.8M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,776.5	+0.104%	$277K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.1	+0.025%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	+0.010%	$879	$3.1M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.6	−0.004%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775	+0.016%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,775	+0.020%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,775.8	+0.062%	$684	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776.2	+0.086%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.8	+0.006%	$396K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.426%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.6	−0.003%	$272K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,776	+0.077%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,775.4	+0.042%	$248K	$695K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,775	+0.019%	$121.4M	$153.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,776	+0.076%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.9	+0.014%	$187K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.3	+0.036%	$728K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777.2	+0.143%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0054%	8h	1,775.9	+0.072%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0070%	1h	1,776.1	+0.082%	$336K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.8	+0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,775.4	+0.044%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,775	+0.016%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.2	+0.143%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.7	0.000%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0112%	1h	1,776.1	+0.082%	$1.8M	$16.7M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,775.6	+0.052%	$448K	$2.2M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0153%	8h	1,778.5	+0.214%	$27K	$2.4M	10x	as long as short
edgeX SNDKUSDC	+0.0869%	4h	1,775.8	+0.065%	$564K	$340K	10x	as long as short
RISEx SNDK/USDCshort	+0.0898%	1h	1,776.3	+0.090%	$146K	$1.5M	20x