Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: RISEx against Orderly+0.097%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 RISEx

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. RISEx is 0.097% dearer against Orderly than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,785.3	0.0100	pay 0.0100% / 8h	5h 28m	$8K	$3K	20x
Short	RISEx SNDK/USDC	1,787	0	get 0.0000% / 1h	28m 07s	$170K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$21
Price spread: +0.097% → 0.000%: $9.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; RISEx: 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 RISEx live order book, 1 min ago	0.95 bp	4.0 bp −$4	5.4 bp −$54	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	1,786.3	+0.054%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,787.1	+0.102%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0052%	1h	1,786.4	+0.063%	$4.9M	$20.2M	10x	as long as short
Nado SNDK-PERP	−0.0036%	1h	1,786.8	+0.085%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.7	+0.024%	$1.5M	$14.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	+0.055%	$21.8M	$37.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.9	+0.034%	$285.3M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.4	+0.064%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.9	+0.035%	$85.1M	$822.3M	75x	as long as short
RISEx SNDK/USDCshort	0.0000%	1h	1,787	+0.097%	$170K	$1.8M	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785.9	+0.034%	$180.1M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.1	+0.046%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	+0.146%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788	+0.152%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	+0.040%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.021%	$719	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.3	+0.054%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.5	+0.010%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	+0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.4	+0.118%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	+0.024%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0025%	1h	1,785.8	+0.029%	$114.4M	$145.7M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787	+0.097%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.5	+0.069%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.6	+0.074%	$463K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.822%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.8	+0.028%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	+0.044%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	+0.046%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,785.7	+0.021%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.8	+0.029%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.8	+0.027%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.5	+0.068%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.3	+0.058%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	+0.013%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0082%	8h	1,786.2	+0.054%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,785.7	+0.022%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.4	+0.172%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,785.3	long leg	$8K	$3K	20x
edgeX SNDKUSDC	+0.0871%	4h	1,787.7	+0.138%	$568K	$353K	10x	as long as short