Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.5% APRnext payment −$0.51 per $10,000 · paid last 24h —

Price spread now: Bybit against Paradex+0.033%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bybit

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. Bybit is 0.033% dearer against Paradex than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SNDK-USD-PERP	1,768.6	0.0051	pay 0.0051% / 8h	2h 04m	—	—	5x
Short	Bybit SNDKUSDT	1,769.2	0	get 0.0000% / 8h	2h 04m	$31.6M	$105.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$10.63
Price spread: +0.033% → 0.000%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	1.10 bp	8.5 bp −$9	12.1 bp −$121	36.3 bp −$3,629	doesn't fit

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	1,769.1	+0.030%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.4	−0.009%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,769	+0.025%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,768.8	+0.013%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769	+0.023%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.8	+0.015%	$286.7M	$1.90B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,769.2	+0.033%	$31.6M	$105.8M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.4	+0.048%	$87.7M	$847.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.9	+0.078%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.1	+0.030%	$183.4M	$245.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,768.8	+0.014%	$49.5M	$171.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769	+0.026%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.5	−0.002%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.1	+0.031%	$14K	$295K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769	+0.023%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.4	+0.045%	$49K	$232K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.2	+0.036%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.8	+0.015%	$2.8M	$950K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,769.3	+0.042%	$753	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.3	+0.044%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.1	+0.030%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.7	+0.006%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.776%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.097%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0044%	1h	1,768.4	−0.011%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.8	+0.014%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.8	+0.014%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.9	+0.019%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.1	+0.031%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769	+0.023%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.9	+0.019%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERPlong	+0.0051%	8h	1,768.6	long leg	—	—	5x
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.8	+0.070%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0072%	1h	1,769.2	+0.037%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.9	+0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.9	+0.021%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.6	+0.001%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.6	+0.060%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.7	+0.006%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0788%	4h	1,768.5	−0.005%	$562K	$354K	10x	as long as short