Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.017%
Price spread now: Deribit against Ondo Perps−0.058%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.058%, 7d avg −0.002%
=Together, before fees−0.059%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.056% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SNDK-USD.P | 1,768.1 | 0.0050 | pay 0.0006% / 1h | 15m 43s | $1.4M | $5.3M | 5x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,767.1 | 0 | get 0.0000% / 1h | 15m 43s | $37K | $388K | 10x |
Ondo Perps SNDK-USD.P
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.58
- Price spread: −0.058% → −0.002%
- −$5.62
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.2
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Deribit: live order book, 36 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 36 min ago | 4.84 bp | 8.3 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNDK-USDT | −0.0120% | 8h | 1,763.9 | −0.236% | $4.0M | $4.6M | 75x | as long as short |
| Nado SNDK-PERP | −0.0017% | 1h | 1,768.2 | +0.005% | $327K | $1.5M | 10x | as long as short |
| Bitget SNDKUSDT | −0.0014% | 8h | 1,766.9 | −0.068% | $49.9M | $168.3M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,768.1 | −0.002% | $21.5M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,767.6 | −0.027% | $280.9M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,767.5 | −0.036% | $31.6M | $105.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,767.7 | −0.023% | $82.5M | $829.0M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,768.7 | +0.036% | $137K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,767.1 | −0.055% | $181.9M | $219.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,767.1 | −0.055% | $2.7M | $4.7M | — | as long as short |
BloFin SNDK-USDT
Nado SNDK-PERP
Bitget SNDKUSDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDKShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,762 | −0.345% | $274K | $189K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.2 | +0.008% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,767.5 | −0.035% | $764 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | 0.0000% | 1h | 1,767.1 | −0.058% | $37K | $388K | 10x | |
| HTX SNDK-USDT | 0.0000% | 8h | 1,767.9 | −0.011% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,767.5 | −0.033% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | 0.0000% | 1h | 1,767.8 | −0.020% | $1.5M | $9.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,763.3 | −0.272% | $674 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,767.2 | −0.049% | $1.2M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,767 | −0.063% | $394K | $2.3M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.802% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,767.6 | −0.031% | $271K | $1.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,766.8 | −0.073% | — | $569K | 10x | as long as short |
| Lighter SNDK | +0.0048% | 1h | 1,767.8 | −0.017% | $1.8M | $16.8M | 20x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,768 | −0.006% | $246K | $681K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,767.5 | −0.034% | $120.5M | $155.2M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,765.2 | −0.164% | $4.5M | $19.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,768 | −0.006% | $187K | $130K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,765.6 | −0.140% | $724K | $523K | 10x | as long as short |
| Ondo Perps SNDK-USD.Plong | +0.0050% | 1h | 1,768.1 | long leg | $1.4M | $5.3M | 5x | |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,767 | −0.062% | — | — | 5x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0075% | 8h | 1,762.3 | −0.326% | $22K | $2.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,767.7 | −0.022% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,767.1 | −0.057% | $198K | $306K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,766.6 | −0.088% | $6.1M | $22.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,762.4 | −0.321% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,767 | −0.062% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0136% | 1h | 1,769.3 | +0.070% | $444K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0420% | 4h | 1,761.9 | −0.349% | $560K | $340K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0551% | 1h | 1,767.5 | −0.031% | $160K | $381K | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Lighter SNDK
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
GRVT SNDK_USDT_Perp
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD