Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.014%

Price spread now: Orderly against Coinbase International−0.028%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Orderly

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.028% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,759.4	0.0136	pay 0.0017% / 1h	56m 35s	$440K	$2.1M	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,758.9	0.0100	get 0.0100% / 8h	6h 56m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now −0.028%Rate

Funding earned: −$7.56
Price spread: −0.028% → 0.000%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	2.21 bp	7.4 bp −$7	11.4 bp −$114	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
Bitget SNDKUSDT	−0.0122%	8h	1,760.8	+0.076%	$49.7M	$168.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.4	+0.113%	$3.9M	$4.6M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.3	+0.047%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.6	+0.068%	$279.3M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.9	+0.082%	$32.1M	$105.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.8	+0.078%	$82.2M	$828.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,761.3	+0.105%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.7	+0.072%	$181.5M	$216.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.2	−0.072%	$2.6M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.3	−0.064%	$23K	$2.3M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,759.4	−0.002%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.6	+0.010%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759	−0.027%	$587	$3.2M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.6	+0.007%	$51K	$358K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.5	−0.052%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.5	+0.059%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,760.7	+0.070%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,759.3	−0.010%	$673	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0026%	8h	1,758.9	−0.031%	$6.0M	$22.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.3	+0.051%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.9	+0.025%	$390K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.304%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.1	+0.038%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,759.7	+0.014%	—	$571K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.8	+0.078%	$243K	$665K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760	+0.032%	$119.4M	$159.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.6	+0.010%	$4.5M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.9	−0.030%	$186K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.7	+0.016%	$720K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.4	+0.055%	$1.4M	$5.4M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,760.1	+0.041%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0071%	1h	1,758.5	−0.053%	$336K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.3	−0.007%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.4	+0.055%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,757.4	−0.118%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,758.9	−0.028%	$8K	$3K	20x
edgeX SNDKUSDC	+0.0120%	4h	1,759.5	+0.006%	$559K	$338K	10x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0136%	1h	1,759.4	long leg	$440K	$2.1M	10x
Lighter SNDK	+0.0200%	1h	1,761.4	+0.113%	$1.7M	$16.5M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,760.1	+0.040%	$128K	$333K	20x	as long as short