Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.043%

Price spread now: Orderly against Deribit−0.034%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.034% cheaper against Deribit than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,758.1	0	get 0.0000% / 1h	25m 12s	$50K	$347K	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,757.5	0.0100	get 0.0100% / 8h	2h 25m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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 DeribitbpFee OrderlybpOrdersPrice spread, now −0.034%Rate

Funding earned: $21
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $4.59
Costs to cover: 0.130%
Break-even: 5.5 days

Slippage unknown: Deribit: live order book, 23 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 Deribit live order book, 23 min ago	8.19 bp	12.7 bp −$13	16.8 bp −$168	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	−0.0309%	8h	1,758.9	+0.043%	$45.6M	$163.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	−0.007%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,757.8	−0.019%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0004%	1h	1,756.7	−0.080%	$4.7M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.4	+0.016%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,758.3	+0.012%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,757.7	−0.022%	$279.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.3	+0.008%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,757.9	−0.012%	$81.8M	$827.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758	−0.004%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,757.9	−0.013%	$175.1M	$230.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,756.4	−0.096%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.006%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.137%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.006%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.3	+0.012%	$920	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,758.1	long leg	$50K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,757.2	−0.052%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758	−0.009%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,758.5	+0.020%	$327K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,754.8	−0.186%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.8	+0.037%	$654	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,756.8	−0.073%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.5	+0.020%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.2	+0.003%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.380%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.2	−0.106%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	+0.051%	$242K	$657K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.9	−0.012%	$117.3M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	+0.016%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,756.7	−0.083%	$718K	$514K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.2	−0.054%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.8	−0.075%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,759	+0.048%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.046%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758	−0.006%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.144%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,757.5	−0.034%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,758.8	+0.038%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.177%	$557K	$351K	10x	as long as short