Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h —

Price spread now: tradeXYZ against Paradex−0.117%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.117% cheaper against Paradex than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 21 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SNDK-USD-PERP	1,792.1	0.0050	pay 0.0050% / 8h	7h 45m	—	—	5x
Short	tradeXYZ xyz:SNDK	1,790	0.0069	get 0.0009% / 1h	45m 52s	$115.2M	$150.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.117%Rate

Funding earned: $3.93
Price spread: −0.117% → 0.000%: −$11.73
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$29.8
Costs to cover: 0.220%
Break-even: 60.1 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	0.28 bp	9.3 bp −$9	10.7 bp −$107	15.7 bp −$1,567	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	1,791	−0.062%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0007%	1h	1,789.9	−0.123%	$50K	$311K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.2	−0.217%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.8	−0.185%	$285.4M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.4	−0.149%	$32.2M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.3	−0.156%	$86.1M	$839.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.3	−0.156%	$183.4M	$233.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.9	−0.181%	$48.1M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.6	−0.083%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.307%	$9K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,786.1	−0.335%	$278K	$195K	15x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.177%	$737	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	−0.104%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790	−0.118%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791	−0.063%	$2.1M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.7	−0.080%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,785.7	−0.359%	$823	$37K	5x	as long as short
Bullet SNDK-USD	+0.0015%	1h	1,789.6	−0.139%	$14K	$291K	10x	as long as short
Nado SNDK-PERP	+0.0025%	1h	1,792.1	+0.001%	$350K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	−0.062%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.4	−0.039%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	−0.077%	$425K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.438%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.4	−0.319%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.8	−0.072%	—	$648K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.9	−0.067%	$247K	$657K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.4	−0.318%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.9	−0.067%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERPlong	+0.0050%	8h	1,792.1	long leg	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	−0.101%	$1.4M	$4.9M	5x	as long as short
tradeXYZ xyz:SNDKshort	+0.0069%	1h	1,790	−0.117%	$115.2M	$150.3M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	−0.142%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791	−0.061%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.9	−0.177%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	−0.285%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.2	−0.218%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790.8	−0.071%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.371%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.6	−0.084%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0788%	1h	1,789.7	−0.132%	$732K	$515K	10x	as long as short