Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.033%

Price spread now: Injective against Orderly+1.818%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 Injective

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 pays, funding is against you. Injective is 1.818% dearer against Orderly than usual: you sell high and buy low (spread +1.818% now, against zero (this spread has no 7-day history yet)): +$182 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,767.8	0.0100	pay 0.0100% / 8h	2h 10m	$8K	$3K	20x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	10m 37s	$36	$9K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.818%Rate

Funding earned: −$14
Price spread: +1.818% → 0.000%: $181.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $161.79
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Orderly and Injective: 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	−0.0310%	8h	1,768.2	+0.019%	$46.9M	$164.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	+0.031%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0031%	8h	1,767.7	−0.007%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.9	+0.002%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.2	+0.078%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.5	+0.037%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.6	+0.045%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.8	+0.055%	$82.1M	$833.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.083%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.3	+0.028%	$176.3M	$231.7M	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	1,767.4	−0.025%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.346%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.346%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.8	−0.002%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.5	−0.017%	$795	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.2	+0.022%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.3	−0.029%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.3	+0.027%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,768	+0.010%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,765.2	−0.148%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763.7	−0.231%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	+0.010%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	+0.030%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.7	−0.005%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+1.818%	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,764.2	−0.206%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	+0.038%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.2	+0.021%	$119.0M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.9	−0.109%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,766.9	−0.052%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.2	−0.092%	$722K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.3	+0.027%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.8	−0.001%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,767.4	−0.021%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.2	+0.076%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.7	−0.004%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.212%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	−0.186%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,767.8	long leg	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,768.7	+0.052%	$127K	$347K	20x	as long as short