Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: OKX against Ondo Perps+0.011%7-day average +0.008% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days+0.131%+$13 · spread now +0.011%, 7d avg +0.008%

Together, before fees+0.166%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SNDK-USD.P	1,764.4	0.0050	pay 0.0006% / 1h	20m 42s	$1.4M	$5.2M	5x
Short	OKX SNDK-USDT-SWAP	1,764.6	0	get 0.0000% / 8h	1h 20m	$82.6M	$837.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$10.58
Price spread: +0.011% → +0.008%: $0.31
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.28
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.28 bp	6.2 bp −$6	7.1 bp −$71	13.7 bp −$1,367	75.1 bp −$37.5K

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 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	−0.0332%	8h	1,765	+0.036%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,764.9	+0.026%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,764.6	+0.012%	$1.4M	$10.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0003%	8h	1,764.2	−0.014%	$6.0M	$22.2M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765.6	+0.069%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.7	+0.019%	$280.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.9	+0.031%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,764.6	+0.011%	$82.6M	$837.6M	75x
RISEx SNDK/USDC	0.0000%	1h	1,765.9	+0.082%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764.7	+0.019%	$177.6M	$231.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,764.5	+0.006%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.5	−0.054%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	−0.193%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.6	+0.009%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.7	−0.040%	$875	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.6	+0.011%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.8	−0.033%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.8	+0.024%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.5	−0.106%	$656	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,762	−0.134%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0019%	1h	1,764.2	−0.009%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,765.7	+0.074%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.9	+0.028%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.2	−0.011%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.015%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.3	−0.121%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764.7	+0.017%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.6	+0.011%	$118.8M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,763.6	−0.045%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.8	−0.034%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.4	+0.001%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,764.5	+0.006%	—	—	5x	as long as short
Ondo Perps SNDK-USD.Plong	+0.0050%	1h	1,764.4	long leg	$1.4M	$5.2M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,764.3	−0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,764.3	−0.003%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.7	−0.040%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.7	+0.018%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.194%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,765	+0.032%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0501%	4h	1,763	−0.080%	$560K	$352K	10x	as long as short