Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.036%

Price spread now: Orderly against Injective−0.758%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 0.758% cheaper against Injective than usual: you would sell low and buy high (spread −0.758% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$76 on $10k: about 38 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	46m 38s	$36	$9K	12x
Short	Orderly PERP_SNDK_USDC_mythos	1,786.3	0.0100	get 0.0100% / 8h	6h 46m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −0.758%Rate

Funding earned: $14
Price spread: −0.758% → 0.000%: −$75.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$67.8
Costs to cover: 0.060%
Break-even: 40.9 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Injective and 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	1,788	−0.664%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0106%	1h	1,788	−0.664%	$4.8M	$20.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0102%	1h	1,787.1	−0.717%	$51K	$328K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,788.5	−0.637%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.6	−0.741%	$1.8M	$17.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.6	−0.632%	$21.8M	$41.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.6	−0.689%	$286.8M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.4	−0.643%	$31.9M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.4	−0.698%	$86.4M	$830.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.8	−0.676%	$181.3M	$231.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,788.1	−0.658%	$47.5M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.3	−0.535%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.4	−0.639%	$22K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787.1	−0.713%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.1	−0.773%	$798	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.1	−0.715%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787	−0.722%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,788.8	−0.622%	$683	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0021%	1h	1,787.8	−0.676%	$114.5M	$146.6M	10x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,788	−0.662%	$363K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.4	−0.642%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.2	−0.653%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.5	−0.694%	$467K	$1.7M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,787.2	−0.708%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.9	−0.724%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	−0.742%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.7	−0.681%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.8	−0.731%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.1	−0.713%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787	−0.720%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.8	−0.732%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,786.5	−0.747%	$440K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.8	−0.677%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.8	−0.675%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.6	−0.630%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,786.3	−0.758%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.5	−0.692%	$130K	$365K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,788.4	−0.640%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0264%	4h	1,788.4	−0.642%	$568K	$353K	10x	as long as short