Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h —

Price spread now: Paradex against Phemex−0.027%7-day average — · you buy dearer than you sell

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

Long on Phemex 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 0.027% cheaper against Phemex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,779.2	0	get 0.0000% / 8h	43m 43s	$2.8M	$1.0M	50x
Short	Paradex SNDK-USD-PERP	1,778.8	0.0050	get 0.0050% / 8h	43m 43s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now −0.027%Rate

Funding earned: $10.53
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.13
Costs to cover: 0.160%
Break-even: 12.4 days

Slippage unknown: Phemex: live order book, 5 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 Phemex live order book, 5 min ago	1.46 bp	28.8 bp −$29	doesn't fit	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	1,778.6	−0.038%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0047%	1h	1,778.3	−0.053%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,778.4	−0.049%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.5	+0.013%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.2	−0.003%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.3	+0.003%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.5	+0.015%	$87.4M	$845.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.2	−0.002%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.4	+0.010%	$49.6M	$170.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.1	−0.008%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.2	−0.001%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	−0.030%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.3	+0.003%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778	−0.068%	$965	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	−0.020%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,779.2	long leg	$2.8M	$1.0M	50x
Deribit SNDK_USDC-PERPETUAL	+0.0009%	1h	1,779.3	+0.001%	$50K	$277K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.7	−0.032%	$731	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.9	+0.035%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.3	+0.003%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.5	−0.044%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.165%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.8	−0.026%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−0.037%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−0.040%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779	−0.013%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779	−0.013%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.8	−0.025%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.2	−0.003%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,778.8	−0.027%	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	−0.008%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−0.008%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	+0.009%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779	−0.013%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.6	−0.037%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.6	+0.021%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.8	−0.025%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0184%	1h	1,780.1	+0.048%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0193%	1h	1,778.9	−0.018%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	+0.024%	$129K	$407K	20x	as long as short