Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h —

Price spread now: Paradex against Kraken Futures+0.081%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

The price spread pays, funding is against you. Paradex is 0.081% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,772.6	0.0122	pay 0.0015% / 1h	16m 42s	$128K	$353K	20x
Short	Paradex SNDK-USD-PERP	1,774	0.0050	get 0.0050% / 8h	3h 16m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$15.14
Price spread: +0.081% → 0.000%: $8.08
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.06
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 36 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 Kraken Futures live order book, 36 min ago	2.52 bp	17.0 bp −$17	47.3 bp −$473	doesn't fit	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	1,772.8	+0.015%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,772.7	+0.009%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0039%	1h	1,772.3	−0.015%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.1	−0.080%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERP	−0.0017%	1h	1,771.9	−0.035%	$339K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.085%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.9	+0.076%	$21.7M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.8	+0.069%	$281.1M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.3	+0.099%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.2	+0.093%	$82.2M	$827.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,772.5	−0.003%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.2	+0.037%	$177.1M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.7	+0.066%	$44.4M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.3	+0.043%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.9	+0.020%	$14K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	−0.122%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.9	−0.035%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.5	−0.062%	$974	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.7	−0.050%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.6	+0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,772.6	0.000%	$660	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,775	+0.137%	$1.7M	$15.9M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.3	+0.097%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.1	+0.033%	$428K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.546%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.1	−0.082%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0042%	1h	1,768.9	−0.207%	—	$582K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772	−0.031%	$244K	$652K	20x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,774	+0.081%	—	—	5x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.1	+0.087%	$117.4M	$152.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.5	−0.060%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.9	−0.092%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.1	−0.026%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.1	−0.027%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.1	+0.084%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.6	−0.055%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.4	−0.067%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0122%	1h	1,772.6	long leg	$128K	$353K	20x
Deribit SNDK_USDC-PERPETUAL	+0.0145%	1h	1,772	−0.034%	$51K	$346K	10x	as long as short
edgeX SNDKUSDC	+0.0582%	4h	1,772.9	+0.018%	$563K	$352K	10x	as long as short