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: Deribit against Orderly+0.102%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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.102% dearer against Orderly than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,758.7	0.0100	pay 0.0100% / 8h	2h 23m	$8K	$3K	20x
Short	Deribit SNDK_USDC-PERPETUAL	1,760.5	0	get 0.0000% / 1h	23m 32s	$51K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$21
Price spread: +0.102% → 0.000%: $10.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.82
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 25 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 Deribit live order book, 25 min ago	8.19 bp	14.0 bp −$14	17.6 bp −$176	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	−0.0329%	8h	1,759.2	+0.030%	$45.9M	$163.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	−0.040%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0040%	8h	1,758.5	−0.009%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.5	−0.010%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.1	+0.026%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.4	+0.038%	$279.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.7	+0.056%	$31.7M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.6	+0.052%	$81.7M	$827.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.2	+0.030%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,758.5	−0.011%	$175.3M	$230.9M	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	−0.129%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,757.3	−0.078%	$17K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,755.7	−0.170%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.6	−0.005%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.2	+0.027%	$968	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,760.5	+0.102%	$51K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,759.9	+0.068%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.7	+0.059%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,756.4	−0.132%	—	$584K	10x	as long as short
Nado SNDK-PERP	+0.0007%	1h	1,759.4	+0.043%	$327K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,759	+0.016%	$687	$37K	5x	as long as short
Entropy io:SNDK	+0.0018%	1h	1,757.7	−0.056%	$4.7M	$19.7M	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.6	−0.004%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759	+0.015%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.8	+0.009%	$415K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.347%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,757.3	−0.077%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.6	+0.052%	$242K	$658K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.7	+0.001%	$117.3M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.6	−0.005%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.2	−0.031%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.3	+0.032%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.6	−0.119%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0072%	1h	1,759.7	+0.055%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.013%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760	+0.077%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.177%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,758.7	long leg	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,760.2	+0.087%	$127K	$351K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.210%	$557K	$351K	10x	as long as short