Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.045%

Price spread now: Deribit against Orderly+0.062%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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.062% dearer against Orderly than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,773	0.0100	pay 0.0100% / 8h	1h 14m	$8K	$2K	20x
Short	Deribit SNDK_USDC-PERPETUAL	1,774.1	0	get 0.0000% / 1h	14m 47s	$49K	$259K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$21
Price spread: +0.062% → 0.000%: $6.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$27.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago	1.80 bp	18.0 bp −$18	22.3 bp −$223	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
BloFin SNDK-USDT	−0.0120%	8h	1,774.2	+0.067%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0065%	1h	1,773.4	+0.023%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.5	+0.030%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.8	+0.099%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.3	+0.074%	$285.4M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.4	+0.077%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.4	+0.080%	$87.4M	$842.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.3	+0.076%	$183.3M	$241.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.5	+0.082%	$49.6M	$169.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.4	+0.022%	$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	1,773.4	+0.024%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.6	+0.034%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.9	+0.051%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774	+0.056%	$977	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,774.1	+0.062%	$49K	$259K	10x
HTX SNDK-USDT	0.0000%	8h	1,773.8	+0.046%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774.3	+0.073%	$2.8M	$984K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.9	+0.052%	$683	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.8	+0.102%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.7	+0.098%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.2	+0.069%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.6	+0.036%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.521%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.2	+0.011%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.3	+0.016%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.8	+0.046%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.8	+0.046%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.6	+0.034%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.7	+0.040%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.8	+0.045%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.1	+0.063%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.8	+0.101%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.5	+0.028%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0096%	1h	1,774.1	+0.061%	$386K	$1.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.2	+0.066%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.4	+0.021%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.3	+0.074%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,773	long leg	$8K	$2K	20x
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.5	+0.088%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0557%	4h	1,773.1	+0.004%	$563K	$356K	10x	as long as short