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 −0.020%

Price spread now: RISEx against Orderly+0.092%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 RISEx

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. RISEx is 0.092% dearer against Orderly than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,767.6	0.0100	pay 0.0100% / 8h	2h 08m	$8K	$3K	20x
Short	RISEx SNDK/USDC	1,769.3	0	get 0.0000% / 1h	8m 10s	$121K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$21
Price spread: +0.092% → 0.000%: $9.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.81
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	1.02 bp	4.0 bp −$4	5.9 bp −$59	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	−0.0284%	8h	1,768.2	+0.032%	$47.1M	$164.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.007%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,767.4	−0.014%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	+0.005%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.4	+0.042%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.1	+0.026%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.3	+0.036%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.4	+0.044%	$82.3M	$834.6M	75x	as long as short
RISEx SNDK/USDCshort	0.0000%	1h	1,769.3	+0.092%	$121K	$1.6M	20x
Gate SNDK_USDT	0.0000%	8h	1,768	+0.023%	$176.6M	$231.9M	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	1,767.4	−0.014%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	+0.014%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.013%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.9	+0.015%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.7	+0.006%	$790	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.1	+0.024%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.9	+0.012%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768	+0.019%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0009%	1h	1,768.1	+0.028%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,766.3	−0.078%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,766.3	−0.078%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	+0.021%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	+0.043%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.8	+0.008%	$444K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.829%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.098%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	+0.038%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.9	+0.015%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.064%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767	−0.036%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768	+0.018%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.123%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.141%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.1	+0.085%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.6	0.000%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0083%	1h	1,768.1	+0.029%	$723K	$520K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	+0.042%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,767.6	long leg	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,768.5	+0.051%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.039%	$561K	$351K	10x	as long as short