Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.020%

Price spread now: Orderly against Coinbase International−0.080%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

Funding pays, the price is against you. Orderly is 0.080% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 9.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,758.9	0.0072	pay 0.0009% / 1h	24m 40s	$433K	$2.3M	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,757.5	0.0100	get 0.0100% / 8h	2h 24m	$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 −0.080%Rate

Funding earned: $5.88
Price spread: −0.080% → 0.000%: −$7.96
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.08
Costs to cover: 0.160%
Break-even: 28.5 days

Slippage unknown: Coinbase International: live order book, 4 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, 4 min ago	3.33 bp	9.8 bp −$10	13.1 bp −$131	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	−0.0321%	8h	1,758.7	−0.010%	$45.6M	$163.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	−0.052%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,757.2	−0.096%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.4	−0.029%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,757.9	−0.060%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,757.2	−0.099%	$279.2M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,757.6	−0.073%	$31.6M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.5	−0.023%	$81.8M	$827.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758	−0.049%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,757.9	−0.059%	$175.1M	$230.8M	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	1,756.4	−0.142%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	−0.039%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.182%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.052%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.3	−0.034%	$920	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.1	−0.045%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.2	−0.098%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758	−0.055%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,758.5	−0.025%	$327K	$1.5M	10x	as long as short
Entropy io:SNDK	+0.0006%	1h	1,757.2	−0.097%	$4.7M	$19.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,754.8	−0.231%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.8	−0.008%	$654	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.1	−0.046%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.6	−0.017%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.2	−0.038%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.334%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.6	−0.131%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	+0.005%	$242K	$657K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.3	−0.035%	$117.4M	$156.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	−0.029%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,756.7	−0.128%	$718K	$514K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	−0.027%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.6	−0.131%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,758	−0.053%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0072%	1h	1,758.9	long leg	$433K	$2.3M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,758	−0.051%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.190%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,757.5	−0.080%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,758.8	−0.007%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.222%	$557K	$351K	10x	as long as short