Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bullet against Orderly+0.021%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. Bullet is 0.021% dearer against Orderly than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,758.6	0.0100	pay 0.0100% / 8h	1h 40m	$8K	$3K	20x
Short	Bullet SNDK-USD	1,759	0	get 0.0000% / 1h	40m 19s	$13K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → 0.000%: $2.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$32.88
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bullet: live order book, 4 min ago. 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 Bullet live order book, 4 min ago	0.57 bp	6.2 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit

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	−0.0315%	8h	1,759.3	+0.037%	$47.4M	$165.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.3	+0.038%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0010%	8h	1,759.1	+0.031%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.3	+0.039%	$1.4M	$10.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.4	+0.101%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759	+0.023%	$279.3M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.4	+0.045%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.9	+0.017%	$82.3M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.4	+0.103%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,758.8	+0.013%	$176.6M	$230.5M	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	1,758.6	+0.003%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	+0.011%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,759.4	+0.045%	$274K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,759	+0.021%	$13K	$287K	10x
SunX SNDK-USDT	0.0000%	8h	1,758.6	+0.002%	$837	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.2	+0.034%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.3	−0.016%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.8	+0.013%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.8	−0.102%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.9	+0.074%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,759.8	+0.067%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.1	+0.026%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759	+0.022%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.352%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0035%	1h	1,759.3	+0.037%	$328K	$1.5M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.8	+0.013%	$253K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.4	+0.045%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.1	+0.028%	$118.4M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.3	+0.040%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.2	−0.023%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.8	+0.010%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.8	+0.013%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.3	+0.040%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.6	+0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.4	+0.047%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.1	+0.082%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,758.6	long leg	$8K	$3K	20x
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.054%	$429K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0262%	4h	1,759.8	+0.069%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.1	+0.029%	$126K	$346K	20x	as long as short