Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h —

Price spread now: Paradex against QFEX−0.005%7-day average — · you buy dearer than you sell

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

Long on QFEX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,767.8	−0.0001	get 0.0000% / 1h	27m 34s	$1.5M	$9.3M	10x
Short	Paradex SNDK-USD-PERP	1,767.7	0.0052	get 0.0052% / 8h	5h 27m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against QFEX. 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 QFEXbpFee ParadexbpOrdersPrice spread, now −0.005%Rate

Funding earned: $11.08
Price spread: −0.005% → 0.000%: −$0.47
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.39
Costs to cover: 0.140%
Break-even: 9.1 days

Slippage unknown: QFEX: live order book, 10 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 QFEX live order book, 10 min ago	0.28 bp	6.8 bp −$7	6.9 bp −$69	10.5 bp −$1,046	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 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0259%	1h	1,767.1	−0.038%	$167K	$379K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.9	+0.006%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USDlong	−0.0001%	1h	1,767.8	long leg	$1.5M	$9.3M	10x
Aster SNDKUSD1	0.0000%	8h	1,768.3	+0.029%	$21.5M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.3	+0.029%	$281.9M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.5	+0.040%	$31.5M	$107.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.4	+0.037%	$81.0M	$840.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.9	+0.011%	$182.0M	$220.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,768.2	+0.024%	$50.0M	$172.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.9	+0.009%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.1	+0.022%	$19K	$2.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.7	−0.003%	$275K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.1	+0.018%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,766.8	−0.054%	$818	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,767.6	−0.010%	$19K	$446K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.6	−0.006%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768	+0.015%	$2.8M	$1.2M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0021%	1h	1,767.9	+0.009%	$675	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	+0.037%	$1.2M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.4	−0.020%	$413K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.822%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,767.4	−0.021%	$269K	$1.3M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.5	−0.014%	—	$574K	10x	as long as short
Nado SNDK-PERP	+0.0047%	1h	1,768.1	+0.019%	$325K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	+0.031%	$243K	$702K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.4	+0.037%	$121.5M	$152.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.7	−0.003%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.3	−0.025%	$187K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.9	+0.006%	$725K	$522K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.1	+0.020%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERPshort	+0.0052%	8h	1,767.7	−0.005%	—	—	5x
Aevo SNDK-PERP	+0.0080%	1h	1,767.5	−0.014%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.4	+0.035%	$193K	$310K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,767.4	−0.020%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.3	+0.089%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.1	−0.035%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,769	+0.070%	$1.8M	$16.8M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,768.4	+0.038%	$443K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0570%	4h	1,767.5	−0.014%	$562K	$340K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,769.5	+0.102%	$146K	$1.5M	20x	as long as short