Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.031%

Price spread now: Aftermath Perps against Orderly−0.088%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aftermath Perps

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aftermath Perps is 0.088% cheaper against Orderly than usual: you would sell low and buy high (−$9 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	Orderly PERP_SNDK_USDC_mythos	1,762.1	0.0100	pay 0.0100% / 8h	1h 25m	$8K	$3K	20x
Short	Aftermath Perps SNDKUSD	1,760.5	0.0013	get 0.0002% / 1h	25m 21s	$723	$38K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$18.26
Price spread: −0.088% → 0.000%: −$8.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$42.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—

Orderly and Aftermath Perps: 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	−0.0366%	8h	1,762.6	+0.027%	$47.9M	$166.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.2	−0.107%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,761.2	−0.049%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,761.7	−0.022%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.1	+0.003%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.5	+0.024%	$280.1M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.8	+0.041%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.9	+0.045%	$82.5M	$836.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	−0.001%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.9	+0.045%	$177.0M	$231.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.5	−0.031%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.108%	$10K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	−0.062%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.7	+0.034%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	−0.019%	$789	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.7	−0.023%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761	−0.060%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.6	+0.029%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSDshort	+0.0013%	1h	1,760.5	−0.088%	$723	$38K	5x
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.1	−0.116%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0017%	1h	1,762.5	+0.025%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763	+0.051%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.2	+0.005%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.5	−0.032%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.149%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.4	−0.154%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.2	+0.006%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	+0.028%	$118.6M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	−0.085%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.4	−0.040%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.6	−0.027%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.8	−0.019%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.6	−0.028%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.3	+0.013%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	−0.017%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.4	−0.096%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,762.1	long leg	$8K	$3K	20x
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.064%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,762	−0.008%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0891%	4h	1,760.1	−0.115%	$559K	$351K	10x	as long as short