Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.013%

Price spread now: Coinbase International against Orderly+0.093%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 Coinbase International

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.093% dearer against Orderly than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,777.4	0.0100	pay 0.0100% / 8h	22m 03s	$8K	$2K	20x
Short	Coinbase International SNDK-PERP-INTX	1,779	0.0096	get 0.0012% / 1h	22m 03s	$441K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$0.84
Price spread: +0.093% → 0.000%: $9.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	1.58 bp	7.0 bp −$7	11.9 bp −$119	30.9 bp −$3,094	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
BloFin SNDK-USDT	−0.0120%	8h	1,777.6	+0.014%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.3	−0.004%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	+0.026%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.5	+0.062%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778.2	+0.047%	$284.0M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.3	+0.055%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.6	+0.069%	$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	+0.050%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	+0.057%	$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	+0.064%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	+0.024%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.3	+0.052%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.4	−0.001%	$990	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	+0.016%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778.4	+0.056%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,778.4	+0.059%	$771	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.9	+0.088%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.4	+0.056%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.5	+0.008%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.271%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.3	−0.006%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.5	+0.008%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	+0.058%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778	+0.035%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.2	+0.047%	$204K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	+0.027%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	+0.013%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	+0.035%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDC	+0.0068%	4h	1,778	+0.037%	$565K	$354K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778	+0.036%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0096%	1h	1,779	+0.093%	$441K	$2.4M	10x
Pacifica SNDK	+0.0100%	1h	1,778	+0.035%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.5	+0.008%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.9	+0.032%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,777.4	long leg	$8K	$2K	20x
Lighter SNDK	+0.0136%	1h	1,779.1	+0.097%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0169%	1h	1,777.4	+0.002%	$360K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0391%	1h	1,778.9	+0.087%	$50K	$302K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.1	+0.098%	$129K	$406K	20x	as long as short