Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —

Price spread now: Paradex against Bullet+0.003%7-day average — · you sell dearer than you buy

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

Long on Bullet 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	Bullet SNDK-USD	1,767.9	0	get 0.0000% / 1h	8m 29s	$14K	$288K	10x
Short	Paradex SNDK-USD-PERP	1,768	0.0050	get 0.0050% / 8h	2h 08m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bullet. 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 BulletbpFee ParadexbpOrdersPrice spread, now +0.003%Rate

Funding earned: $10.51
Price spread: +0.003% → 0.000%: $0.31
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.17
Costs to cover: 0.120%
Break-even: 7.8 days

Slippage unknown: Bullet: live order book, 41 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 Bullet live order book, 41 min ago	1.70 bp	7.3 bp −$7	21.3 bp −$213	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
Bitget SNDKUSDT	−0.0284%	8h	1,767.7	−0.013%	$47.1M	$164.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.023%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,767.3	−0.033%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	−0.011%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.4	+0.031%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.2	+0.014%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.2	+0.016%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.1	+0.011%	$82.1M	$834.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.077%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768	+0.008%	$176.6M	$231.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.030%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.002%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.028%	$275K	$193K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,767.9	long leg	$14K	$288K	10x
SunX SNDK-USDT	0.0000%	8h	1,767.9	−0.002%	$764	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768	+0.004%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.3	−0.033%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,767.6	−0.016%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0009%	1h	1,768.1	+0.013%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,766.3	−0.093%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,766.3	−0.093%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	+0.006%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.1	+0.013%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.8	−0.004%	$444K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.813%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.114%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	+0.023%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.8	−0.006%	$119.0M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.079%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767	−0.051%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,768	+0.003%	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.107%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.126%	$437K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0074%	1h	1,768.1	+0.014%	$723K	$520K	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.2	+0.073%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	−0.002%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	+0.027%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.8	−0.007%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.2	+0.076%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.054%	$561K	$351K	10x	as long as short