Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against SoDEX−0.047%7-day average +0.019% · you buy dearer than you sell

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

Long on SoDEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.047%, 7d avg +0.019%

Together, before fees+0.064%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.067% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,789.6	0.0050	pay 0.0006% / 1h	0m 20s	$732K	$515K	10x
Short	Ondo Perps SNDK-USD.P	1,788.7	0.0050	get 0.0006% / 1h	0m 20s	$1.4M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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 SoDEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0.08
Price spread: −0.047% → +0.019%: −$6.69
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.61
Costs to cover: 0.130%
Break-even: 1641.2 days

Slippage unknown: SoDEX: live order book, 8 min ago; Ondo 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 SoDEX live order book, 8 min ago	0.03 bp	7.6 bp −$8	37.9 bp −$379	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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
Deribit SNDK_USDC-PERPETUAL	−0.0186%	1h	1,789.1	−0.023%	$51K	$328K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,789.1	−0.023%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.7	+0.006%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.2	−0.020%	$287.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790	+0.022%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.1	−0.025%	$86.7M	$832.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.4	−0.006%	$182.3M	$236.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	−0.015%	$47.9M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	−0.018%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.4	+0.101%	$21K	$1.1M	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	1,790.9	+0.075%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.3	−0.012%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.081%	$926	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.6	−0.051%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.5	−0.004%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.2	−0.020%	$1.9M	$18.5M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.2	+0.035%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,790.6	+0.061%	$348K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.4	+0.049%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.081%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.2	+0.034%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.9	+0.021%	$460K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.582%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.2	−0.017%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	−0.008%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.3	−0.014%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790	+0.026%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.3	−0.014%	$114.9M	$146.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.3	−0.014%	$4.8M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.020%	$187K	$135K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,789.6	long leg	$732K	$515K	10x
Ondo Perps SNDK-USD.Pshort	+0.0050%	1h	1,788.7	−0.047%	$1.4M	$5.1M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.047%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.004%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.2	−0.019%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	−0.026%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.066%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.158%	$442K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0164%	4h	1,789.4	−0.008%	$568K	$354K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.1	+0.033%	$130K	$366K	20x	as long as short