Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Orderly against Bullet−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.045% cheaper against Bullet than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,785.5	0	get 0.0000% / 1h	54m 57s	$15K	$291K	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,784.7	0.0100	get 0.0100% / 8h	5h 54m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bullet. 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 BulletbpFee OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: $21
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.46
Costs to cover: 0.140%
Break-even: 6.2 days

Slippage unknown: Bullet: live order book, 9 min ago; Orderly: no order-book sample. 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 Bullet live order book, 9 min ago	0.84 bp	7.4 bp −$7	20.0 bp −$200	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0064%	1h	1,785.4	−0.005%	$51K	$332K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,784.5	−0.057%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.3	−0.015%	$1.6M	$15.3M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,786.4	+0.050%	$359K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.8	+0.017%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.7	+0.010%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.2	+0.039%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786	+0.027%	$85.4M	$822.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.5	+0.053%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,785.8	+0.014%	$180.2M	$230.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,785.5	+0.001%	$43.8M	$163.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.045%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	−0.011%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,785.5	long leg	$15K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,784.7	−0.045%	$873	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.8	−0.038%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.6	+0.005%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.3	−0.014%	$664	$37K	5x	as long as short
Entropy io:SNDK	+0.0017%	1h	1,785	−0.029%	$4.9M	$20.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,782.5	−0.171%	$435K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.9	+0.075%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.3	+0.042%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.9	+0.022%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.809%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.8	−0.096%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.8	−0.039%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.5	−0.001%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.6	+0.007%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,785.6	+0.005%	$114.5M	$146.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.3	−0.012%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.3	−0.010%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.1	−0.023%	$1.4M	$5.0M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.1	+0.030%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785	−0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,785.6	+0.003%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785	−0.027%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	+0.018%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,784.7	−0.045%	$8K	$3K	20x
edgeX SNDKUSDC	+0.0338%	4h	1,784.7	−0.047%	$567K	$351K	10x	as long as short