Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.50 per $10,000 · paid last 24h —

Price spread now: Paradex against Bybit−0.026%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,791.9	0	get 0.0000% / 8h	7h 05m	$32.1M	$99.9M	100x
Short	Paradex SNDK-USD-PERP	1,791.4	0.0050	get 0.0050% / 8h	7h 05m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now −0.026%Rate

Funding earned: $10.43
Price spread: −0.026% → 0.000%: −$2.62
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.19
Costs to cover: 0.150%
Break-even: 11.8 days

Slippage unknown: Bybit: live order book, 4 min ago; Paradex: 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 Bybit live order book, 4 min ago	0.45 bp	9.4 bp −$9	10.4 bp −$104	28.4 bp −$2,844	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	1,791.8	−0.007%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.2	−0.040%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.5	−0.018%	$287.3M	$1.83B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,791.9	long leg	$32.1M	$99.9M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,792	+0.007%	$86.9M	$833.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,791.6	−0.014%	$182.4M	$235.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,791.9	−0.001%	$47.9M	$164.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,791.3	−0.033%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.4	−0.138%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,790.9	−0.054%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,791.4	−0.026%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,790.3	−0.085%	$1K	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.7	−0.012%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.8	−0.060%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791.7	−0.012%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791.4	−0.027%	$1.9M	$18.6M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.1	+0.013%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,791.6	−0.014%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,791	−0.048%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.6	+0.039%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,792	+0.007%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.5	−0.022%	$458K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.451%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790	−0.106%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.9	−0.055%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792	+0.007%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,791.4	−0.026%	—	—	5x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.6	−0.015%	$115.1M	$146.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.7	−0.121%	$4.8M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,791.4	−0.026%	$188K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,791.4	−0.025%	$732K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.8	−0.060%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,791.3	−0.033%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.3	−0.032%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,790.5	−0.076%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.3	−0.146%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.6	−0.069%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.028%	$442K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,792.1	+0.013%	$130K	$366K	20x	as long as short
edgeX SNDKUSDC	+0.0796%	4h	1,790.8	−0.062%	$569K	$354K	10x	as long as short