Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h +0.055%

Price spread now: Orderly against Deribit−0.087%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Orderly is 0.087% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,778.9	0.0391	pay 0.0049% / 1h	22m 01s	$50K	$302K	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,777.4	0.0100	get 0.0100% / 8h	22m 01s	$8K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.087%Rate

Funding earned: −$61.16
Price spread: −0.087% → 0.000%: −$8.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$82.82
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 57 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 Deribit live order book, 57 min ago	1.80 bp	9.6 bp −$10	14.0 bp −$140	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 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	1,777.6	−0.073%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.3	−0.091%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	−0.061%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.5	−0.025%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778.2	−0.040%	$284.0M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.3	−0.032%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.6	−0.017%	$87.2M	$846.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.1	−0.043%	$184.1M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778.3	−0.037%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	−0.029%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,778.5	−0.023%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	−0.062%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.3	−0.034%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.4	−0.088%	$990	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.070%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778.4	−0.031%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,778.4	−0.028%	$771	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.9	+0.001%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.4	−0.030%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.5	−0.078%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.183%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.3	−0.093%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.5	−0.079%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	−0.029%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778	−0.051%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.2	−0.040%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	−0.060%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	−0.074%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	−0.051%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDC	+0.0068%	4h	1,778	−0.050%	$565K	$354K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778	−0.051%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.006%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778	−0.051%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.5	−0.079%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.9	−0.055%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,777.4	−0.087%	$8K	$2K	20x
Lighter SNDK	+0.0136%	1h	1,779.1	+0.010%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0169%	1h	1,777.4	−0.085%	$360K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUALlong	+0.0391%	1h	1,778.9	long leg	$50K	$302K	10x
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.1	+0.011%	$129K	$406K	20x	as long as short