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% APRpaid last 24h —

Price spread now: Paradex against Phoenix+0.333%46s7-day average — · you sell dearer than you buy

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

Long on Phoenix 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.333% dearer against Phoenix than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,787.7	0	get 0.0000% / 1h	26m 18s	$278K	$195K	15x
Short	Paradex SNDK-USD-PERP	1,793.6	0.0050	get 0.0050% / 8h	7h 26m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phoenix. 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 PhoenixbpFee ParadexbpOrdersPrice spread, now +0.333%Rate

Funding earned: $10.5
Price spread: +0.333% → 0.000%: $33.27
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $32.77
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 44 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 Phoenix live order book, 44 min ago	2.82 bp	10.2 bp −$10	21.2 bp −$212	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
Deribit SNDK_USDC-PERPETUAL	−0.0146%	1h	1,793.7	+0.333%	$50K	$314K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,792.2	+0.254%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,792.9	+0.292%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,793.5	+0.326%	$286.8M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,794.3	+0.371%	$32.2M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,793.8	+0.341%	$86.6M	$837.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,792.9	+0.291%	$182.7M	$235.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,793.4	+0.318%	$48.1M	$169.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.261%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.042%	$22K	$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 SNDKlong	0.0000%	1h	1,787.7	long leg	$278K	$195K	15x
Bullet SNDK-USD	0.0000%	1h	1,792.9	+0.291%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,792	+0.239%	$905	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,793.3	+0.313%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,793.7	+0.333%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,793.4	+0.318%	$2.0M	$19.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,794	+0.354%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,794.6	+0.387%	$355K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,789.1	+0.077%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,794.9	+0.400%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,794.2	+0.361%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,793.9	+0.345%	$437K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.686%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.5	+0.100%	$304K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,792.9	+0.291%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792.7	+0.280%	$246K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,793.2	+0.308%	$115.5M	$148.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	+0.140%	$4.9M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,792.6	+0.274%	$188K	$135K	10x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,793.6	+0.333%	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,793.6	+0.330%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,793	+0.296%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,792.7	+0.280%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,792.4	+0.265%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.5	+0.154%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,792.4	+0.260%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793	+0.294%	$442K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0231%	1h	1,792.5	+0.267%	$733K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0623%	4h	1,787.8	+0.008%	$568K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0658%	1h	1,793.7	+0.334%	$130K	$379K	20x	as long as short