Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.030%

Price spread now: Orderly against RISEx−0.060%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, the price is against you. Orderly is 0.060% cheaper against RISEx than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SNDK/USDC	1,779.9	0.0018	pay 0.0002% / 1h	43m 49s	$175K	$1.8M	20x
Short	Orderly PERP_SNDK_USDC_mythos	1,778.8	0.0100	get 0.0100% / 8h	43m 49s	$8K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against RISEx. 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 RISExbpFee OrderlybpOrdersPrice spread, now −0.060%Rate

Funding earned: $17.27
Price spread: −0.060% → 0.000%: −$6.01
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.74
Costs to cover: 0.120%
Break-even: 7.3 days

Slippage unknown: RISEx: live order book, 5 min ago; Orderly: 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 RISEx live order book, 5 min ago	0.73 bp	3.7 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	1,778.6	−0.073%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0045%	1h	1,778.1	−0.099%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.4	−0.084%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.3	−0.029%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.2	−0.035%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.4	−0.026%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.5	−0.020%	$87.4M	$845.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.2	−0.037%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.4	−0.028%	$49.6M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.1	−0.043%	$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	1,779.2	−0.035%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	−0.065%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.3	−0.031%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778	−0.103%	$965	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	−0.055%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.2	−0.035%	$2.8M	$1.0M	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0009%	1h	1,779.3	−0.034%	$50K	$277K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.7	−0.067%	$731	$37K	5x	as long as short
RISEx SNDK/USDClong	+0.0018%	1h	1,779.9	long leg	$175K	$1.8M	20x
Lighter RH SNDK	+0.0032%	1h	1,779.4	−0.026%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−0.070%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.129%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.6	−0.074%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−0.071%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−0.075%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779	−0.048%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.9	−0.054%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.8	−0.060%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.2	−0.038%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	−0.064%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	−0.043%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−0.043%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	−0.026%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.6	−0.072%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.6	−0.069%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.6	−0.014%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,778.8	−0.060%	$8K	$2K	20x
Lighter SNDK	+0.0176%	1h	1,780.2	+0.019%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0193%	1h	1,778.9	−0.053%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	−0.011%	$129K	$407K	20x	as long as short