Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: RISEx against Orderly+0.075%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 0.075% dearer against Orderly than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,758	0.0100	pay 0.0100% / 8h	57m 00s	$8K	$3K	20x
Short	RISEx SNDK/USDC	1,759.3	0	get 0.0000% / 1h	57m 00s	$120K	$1.6M	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 +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → 0.000%: $7.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$25.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 2 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, 2 min ago	0.51 bp	3.6 bp −$4	4.7 bp −$47	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
Deribit SNDK_USDC-PERPETUAL	−0.0296%	1h	1,758.2	+0.009%	$51K	$351K	10x	as long as short
Bitget SNDKUSDT	−0.0291%	8h	1,758.6	+0.034%	$48.3M	$167.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.3	+0.018%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0054%	1h	1,759.4	+0.081%	$327K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,759.1	+0.062%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,757.9	−0.004%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.9	+0.107%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.3	+0.017%	$278.7M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.8	+0.047%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.6	+0.035%	$82.2M	$834.4M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDCshort	0.0000%	1h	1,759.3	+0.075%	$120K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,758.4	+0.024%	$177.1M	$227.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,759.8	+0.103%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.9	+0.108%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.8	+0.046%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	+0.001%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.7	+0.039%	$791	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.6	−0.022%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.4	+0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,760.4	+0.135%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756	−0.114%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.8	+0.043%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.5	+0.030%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.387%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,759.4	+0.082%	$1.7M	$16.2M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.7	+0.042%	$254K	$1.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0044%	1h	1,757	−0.056%	$185K	$130K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.2	+0.012%	$242K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.4	+0.023%	$118.7M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.6	+0.092%	$4.6M	$19.6M	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.3	+0.015%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.7	+0.042%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,757.2	−0.045%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.9	−0.007%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.4	+0.026%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.6	+0.151%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,758	long leg	$8K	$3K	20x
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.093%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.5	+0.028%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0480%	4h	1,759.2	+0.067%	$559K	$349K	10x	as long as short