Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0153%/8h= −16.8% APRpaid last 24h +0.006%

Price spread now: SunX against Deribit−0.022%7-day average −0.039% · 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−$91as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.022%, 7d avg −0.039%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,760.6	0.0153	pay 0.0019% / 1h	56m 10s	$51K	$358K	10x
Short	SunX SNDK-USDT	1,760.2	0	get 0.0000% / 8h	6h 56m	$588	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$32.22
Price spread: −0.022% → −0.039%: $1.72
Slippage, 4 orders: −$77.81
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$123.32
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from Deribit: live order book, 37 min ago; SunX: live order book, 12 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, 37 min ago	9.01 bp	16.2 bp −$16	20.5 bp −$205	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	28.07 bp	32.1 bp −$32	61.6 bp −$616	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	−0.0122%	8h	1,760.6	−0.002%	$49.7M	$168.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.4	+0.047%	$3.9M	$4.6M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.4	−0.012%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.1	−0.028%	$279.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.1	−0.027%	$32.1M	$105.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.1	−0.028%	$82.2M	$828.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,761.3	+0.039%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.1	−0.028%	$181.4M	$216.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.2	−0.137%	$2.6M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.3	−0.130%	$23K	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,759.4	−0.068%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.2	−0.022%	$13K	$292K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,760.2	−0.022%	$588	$3.2M	20x
HTX SNDK-USDT	0.0000%	8h	1,759.9	−0.042%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.7	+0.009%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,760.7	+0.004%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,759.4	−0.065%	$673	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0029%	8h	1,759.6	−0.056%	$6.0M	$22.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.5	−0.008%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760	−0.034%	$390K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.236%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.1	−0.028%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,760.6	+0.001%	—	$571K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.8	+0.012%	$243K	$665K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.4	−0.011%	$119.5M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.6	−0.056%	$4.5M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.8	−0.045%	$186K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760	−0.036%	$720K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.4	−0.011%	$1.4M	$5.4M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,760.1	−0.025%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.3	−0.018%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0086%	1h	1,759.4	−0.066%	$337K	$1.5M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.4	−0.011%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,757.4	−0.183%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.5	−0.062%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0120%	4h	1,759.5	−0.060%	$559K	$338K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,759.4	−0.066%	$440K	$2.1M	10x	as long as short
Deribit SNDK_USDC-PERPETUALlong	+0.0153%	1h	1,760.6	long leg	$51K	$358K	10x
Lighter SNDK	+0.0200%	1h	1,761.1	+0.030%	$1.7M	$16.5M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,760.9	+0.017%	$128K	$333K	20x	as long as short