Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.027%

Price spread now: tradeXYZ 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 tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ 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 −$2 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,786.2	0.0100	pay 0.0100% / 8h	5h 21m	$8K	$3K	20x
Short	tradeXYZ xyz:SNDK	1,787.8	0.0022	get 0.0003% / 1h	21m 28s	$114.6M	$145.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$16.36
Price spread: +0.092% → 0.000%: $9.24
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.12
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	0.28 bp	9.6 bp −$10	10.8 bp −$108	15.2 bp −$1,519	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
BloFin SNDK-USDT	−0.0120%	8h	1,786.8	+0.035%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.4	+0.014%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0044%	1h	1,787.4	+0.070%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0037%	1h	1,788.5	+0.131%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,787.7	+0.086%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.4	+0.126%	$21.8M	$36.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.2	+0.113%	$285.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.6	+0.135%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.6	+0.137%	$85.2M	$823.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,789.2	+0.169%	$171K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,788.2	+0.116%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788	+0.101%	$43.9M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	−0.013%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.027%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.6	+0.025%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.3	−0.048%	$877	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.8	+0.035%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.2	+0.005%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.9	+0.040%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,787	+0.049%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDKshort	+0.0022%	1h	1,787.8	+0.092%	$114.6M	$145.6M	10x
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.025%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.1	+0.165%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.5	+0.132%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.5	+0.132%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.773%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.7	−0.026%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.5	+0.074%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.2	+0.115%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787.9	+0.099%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788	+0.104%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.6	+0.026%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	−0.003%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.2	+0.057%	$130K	$352K	20x	as long as short
KuCoin SNDKUSDTM	+0.0070%	8h	1,787.3	+0.067%	$6.1M	$21.9M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.2	+0.002%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,788	+0.103%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.3	+0.062%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,786.2	long leg	$8K	$3K	20x
edgeX SNDKUSDC	+0.0903%	4h	1,785.7	−0.023%	$567K	$352K	10x	as long as short