Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.039%

Price spread now: Arcus against Orderly+0.024%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Arcus

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

The price spread pays, funding is against you. Arcus is 0.024% dearer against Orderly than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,786.7	0.0100	pay 0.0100% / 8h	6h 43m	$8K	$3K	20x
Short	Arcus SNDK-USD	1,787.2	0.0040	get 0.0005% / 1h	43m 15s	$305K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Orderly. 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 OrderlybpFee ArcusbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$12.54
Price spread: +0.024% → 0.000%: $2.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.64
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 1 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 Orderly no order-book sample	—	—	—	—	—
Sell Arcus live order book, 1 min ago	1.01 bp	6.9 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit

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
Deribit SNDK_USDC-PERPETUAL	−0.0220%	1h	1,787.2	+0.028%	$51K	$328K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,788	+0.072%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0100%	1h	1,788	+0.072%	$4.8M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,787.9	+0.066%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,787.7	+0.056%	$1.8M	$17.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.6	+0.104%	$21.8M	$40.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.3	+0.032%	$286.6M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.6	+0.046%	$32.0M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.2	+0.027%	$86.3M	$830.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.3	+0.031%	$181.0M	$231.2M	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	1,787.6	+0.050%	$47.5M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787	+0.013%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.1	+0.075%	$22K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787.4	+0.039%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.8	+0.002%	$788	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.9	+0.008%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787.2	+0.027%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,788.5	+0.101%	$683	$37K	5x	as long as short
Nado SNDK-PERP	+0.0007%	1h	1,788.5	+0.101%	$363K	$1.4M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0013%	1h	1,787.5	+0.044%	$114.6M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.3	+0.087%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788	+0.071%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.1	+0.079%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.741%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,787.2	+0.024%	$305K	$1.6M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.5	+0.045%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.7	+0.055%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.9	+0.068%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,787.6	+0.049%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.2	+0.029%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.044%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787	+0.014%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,787.2	+0.026%	$440K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788	+0.070%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.6	+0.048%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.4	+0.039%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,786.7	long leg	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.9	+0.065%	$130K	$365K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,788.9	+0.125%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0517%	4h	1,786.7	−0.002%	$567K	$354K	10x	as long as short