Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%

Price spread now: Aevo against Orderly−0.016%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aevo

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,789.1	0.0100	pay 0.0100% / 8h	7h 24m	$8K	$3K	20x
Short	Aevo SNDK-PERP	1,788.8	0.0080	get 0.0010% / 1h	24m 24s	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.016%Rate

Funding earned: −$4.2
Price spread: −0.016% → 0.000%: −$1.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$27.76
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aevo: 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and Aevo: 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	1,791.3	+0.125%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0096%	1h	1,791.4	+0.132%	$50K	$314K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.5	+0.077%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.6	+0.028%	$286.2M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.031%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.3	+0.012%	$86.6M	$834.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.6	+0.029%	$182.3M	$235.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.2	+0.006%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.183%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,793.3	+0.233%	$22K	$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	1,787.7	−0.077%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.6	+0.029%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,790	+0.049%	$863	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,791	+0.109%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791.3	+0.125%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.3	+0.011%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.5	+0.082%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0006%	1h	1,790.4	+0.071%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	+0.049%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.4	+0.129%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.5	+0.135%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.093%	$440K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.608%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790.2	+0.061%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	+0.071%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	+0.035%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.9	+0.103%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.5	+0.023%	$115.1M	$147.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	+0.063%	$4.9M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.5	+0.023%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.6	+0.085%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERPshort	+0.0080%	1h	1,788.8	−0.016%	$1K	—	10x
Pacifica SNDK	+0.0100%	1h	1,790.6	+0.087%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	+0.015%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.266%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,789.1	long leg	$8K	$3K	20x
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793.9	+0.268%	$443K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0240%	1h	1,791.3	+0.125%	$732K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0285%	4h	1,791.6	+0.142%	$569K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.5	+0.136%	$130K	$379K	20x	as long as short