Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.042%

Price spread now: Injective against Orderly+1.287%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 Injective

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

The price spread pays, funding is against you. Injective is 1.287% dearer against Orderly than usual: you sell high and buy low (spread +1.287% now, against zero (this spread has no 7-day history yet)): +$129 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,777.1	0.0100	pay 0.0100% / 8h	24m 29s	$8K	$2K	20x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	24m 29s	$36	$15K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.287%Rate

Funding earned: −$14
Price spread: +1.287% → 0.000%: $128.69
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $108.67
Costs to cover: 0.060%
Break-even: from the start

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

Orderly and Injective: 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	1,778.2	+0.060%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.5	+0.023%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.6	+0.030%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.2	+0.063%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.8	+0.039%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,777.7	+0.033%	$31.6M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,777.9	+0.046%	$87.2M	$845.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.8	+0.040%	$183.7M	$239.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.8	+0.039%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	+0.073%	$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	+0.079%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	+0.040%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.6	+0.029%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.1	−0.001%	$828	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778	+0.051%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778.2	+0.063%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,778.4	+0.072%	$771	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.8	+0.098%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.9	+0.048%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.4	+0.015%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+1.287%	$36	$15K	12x
Arcus SNDK-USD	+0.0040%	1h	1,777.1	+0.001%	$286K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.4	+0.015%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,777.8	+0.040%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.5	+0.023%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,777.6	+0.029%	$205K	$123K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,778.1	+0.054%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	+0.030%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	+0.051%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,778	+0.052%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	+0.082%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.8	+0.039%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.7	+0.034%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.9	+0.100%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,777.1	long leg	$8K	$2K	20x
Deribit SNDK_USDC-PERPETUAL	+0.0121%	1h	1,778.4	+0.076%	$50K	$299K	10x	as long as short
Lighter SNDK	+0.0128%	1h	1,778.6	+0.085%	$1.6M	$16.3M	20x	as long as short
Nado SNDK-PERP	+0.0166%	1h	1,777.6	+0.030%	$358K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.7	+0.091%	$129K	$406K	20x	as long as short
edgeX SNDKUSDC	+0.0778%	4h	1,778.5	+0.078%	$565K	$353K	10x	as long as short