Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —

Price spread now: Phoenix against Paradex+0.036%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 Phoenix

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. Phoenix is 0.036% dearer against Paradex than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SNDK-USD-PERP	1,761.3	0.0050	pay 0.0050% / 8h	15m 29s	—	—	5x
Short	Phoenix SNDK	1,761.9	0	get 0.0000% / 1h	15m 29s	$274K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$10.51
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$17.95
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 20 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 Phoenix live order book, 20 min ago	2.84 bp	11.1 bp −$11	23.2 bp −$232	doesn't fit	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
Bitget SNDKUSDT	−0.0261%	8h	1,762	+0.040%	$48.2M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.6	+0.017%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,760.8	−0.028%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0005%	1h	1,761.6	+0.016%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.5	+0.012%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762	+0.042%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.7	+0.025%	$280.1M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.8	+0.029%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.6	+0.019%	$82.2M	$833.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.071%	$120K	$1.6M	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	1,761.7	+0.024%	$179.2M	$229.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.4	+0.006%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.2	+0.052%	$26K	$2.1M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,761.9	+0.036%	$274K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,761.8	+0.030%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	+0.032%	$888	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.6	+0.020%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.6	+0.017%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.5	+0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.3	+0.058%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.6	−0.094%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.6	+0.074%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.1	+0.044%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.1	−0.008%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.197%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.040%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.019%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	+0.030%	$119.8M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.2	−0.004%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.4	−0.050%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.6	+0.017%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERPlong	+0.0050%	8h	1,761.3	long leg	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762	+0.041%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.5	+0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.6	+0.019%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.5	+0.070%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.2	−0.004%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.1	−0.069%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.2	+0.051%	$127K	$338K	20x	as long as short
edgeX SNDKUSDC	+0.0642%	4h	1,761.6	+0.020%	$560K	$352K	10x	as long as short