Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.017%

Price spread now: Popdex against Orderly+0.036%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 Popdex

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. Popdex is 0.036% dearer against Orderly than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,789.1	0.0100	pay 0.0100% / 8h	5h 03m	$8K	$3K	20x
Short	Popdex SNDKUSDT	1,789.7	0.0048	get 0.0006% / 1h	3m 44s	$247K	$647K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$10.92
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$19.69
Costs to cover: 0.124%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Popdex: live order book, 60 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 Popdex live order book, 60 min ago	0.56 bp	3.8 bp −$4	9.8 bp −$98	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	1,790.2	+0.065%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,790.7	+0.092%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0048%	1h	1,791	+0.107%	$361K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0047%	1h	1,789.7	+0.036%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,789.7	+0.037%	$1.5M	$14.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.2	+0.008%	$21.8M	$35.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.7	−0.019%	$286.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.5	+0.023%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.6	−0.025%	$84.9M	$824.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791	+0.108%	$170K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,789	−0.001%	$180.2M	$231.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.7	−0.022%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.6	+0.031%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.1	+0.060%	$19K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.7	+0.036%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.8	−0.017%	$801	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.8	+0.043%	$51K	$342K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.9	−0.009%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.2	+0.010%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.6	+0.088%	$666	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0010%	1h	1,788.8	−0.014%	$114.7M	$145.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.187%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,790	+0.053%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.4	+0.022%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.7	+0.037%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.610%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.9	−0.010%	$313K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	+0.066%	—	$581K	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,789.7	+0.036%	$247K	$647K	20x
Paradex SNDK-USD-PERP	+0.0049%	8h	1,790	+0.053%	—	—	5x	as long as short
KuCoin SNDKUSDTM	+0.0049%	8h	1,789	−0.003%	$6.1M	$22.1M	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	+0.031%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.5	+0.025%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.9	+0.048%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,790.1	+0.057%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.1	+0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,790.2	+0.066%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.9	+0.048%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,789.1	long leg	$8K	$3K	20x
edgeX SNDKUSDC	+0.0650%	4h	1,789.5	+0.024%	$568K	$352K	10x	as long as short