Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.017%

Price spread now: Orderly against Popdex−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 Popdex Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.088% cheaper against Popdex than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.7 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	Popdex SNDKUSDT	1,776.2	0.0048	pay 0.0006% / 1h	40m 06s	$245K	$651K	20x
Short	Orderly PERP_SNDK_USDC_mythos	1,774.6	0.0100	get 0.0100% / 8h	3h 40m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Popdex. 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 PopdexbpFee OrderlybpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.92
Price spread: −0.088% → 0.000%: −$8.84
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.32
Costs to cover: 0.124%
Break-even: 13.6 days

Slippage unknown: Popdex: live order book, 14 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 Popdex live order book, 14 min ago	0.56 bp	3.8 bp −$4	6.1 bp −$61	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	1,777	+0.047%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,778.8	+0.146%	$4.8M	$19.9M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0071%	1h	1,775.6	−0.033%	$51K	$346K	10x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,776	−0.010%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0043%	1h	1,778.4	+0.123%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,776.4	+0.011%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.226%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.2	+0.056%	$21.7M	$33.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,775	−0.066%	$282.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775.7	−0.029%	$32.4M	$101.4M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.3	−0.051%	$83.0M	$824.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,777.6	+0.081%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.2	−0.059%	$178.6M	$229.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.5	−0.039%	$43.7M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.055%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.236%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.338%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.5	−0.039%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.1	−0.120%	$685	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775	−0.068%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.3	−0.053%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,780.5	+0.244%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,776.3	+0.005%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776	−0.012%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,775.5	−0.039%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.338%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.7	+0.141%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.4	−0.047%	—	$580K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,776.2	long leg	$245K	$651K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.5	+0.073%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,775.7	−0.028%	$117.2M	$150.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.1	−0.006%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.3	−0.050%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,776.6	+0.023%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.4	−0.044%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.9	+0.039%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.244%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,774.6	−0.088%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,776	−0.009%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.164%	$565K	$351K	10x	as long as short