Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h —

Price spread now: Phemex against Paradex+0.059%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Phemex

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 pays, funding is against you. Phemex is 0.059% dearer against Paradex than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SNDK-USD-PERP	1,760.5	0.0050	pay 0.0050% / 8h	5m 57s	—	—	5x
Short	Phemex SNDKUSDT	1,761.5	0	get 0.0000% / 8h	5m 57s	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$10.5
Price spread: +0.059% → 0.000%: $5.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.64
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: 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 Phemex live order book, 3 min ago	2.02 bp	28.9 bp −$29	doesn't fit	doesn't fit	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
Bitget SNDKUSDT	−0.0249%	8h	1,761.7	+0.072%	$50.0M	$166.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.8	+0.017%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0003%	8h	1,760.7	+0.012%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0003%	1h	1,760.9	+0.026%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.2	+0.039%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.9	+0.080%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.7	+0.072%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.2	+0.098%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.6	+0.064%	$82.3M	$833.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.6	+0.121%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,761.6	+0.061%	$179.0M	$229.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760	−0.026%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.013%	$22K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.4	+0.052%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.4	+0.052%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.1	+0.038%	$977	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.5	+0.058%	$51K	$356K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.6	+0.005%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,761.5	+0.059%	$2.8M	$1.1M	50x
Vest SNDK-USD-PERP	+0.0015%	1h	1,758.9	−0.087%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,761.4	+0.050%	$673	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.8	+0.077%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.8	+0.076%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.243%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.5	+0.113%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760	−0.030%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.4	+0.052%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	+0.075%	$119.9M	$157.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	+0.007%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.4	−0.004%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.1	+0.033%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERPlong	+0.0050%	8h	1,760.5	long leg	—	—	5x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.4	−0.004%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.1	+0.034%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.1	+0.035%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.5	+0.004%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	+0.025%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762	+0.085%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.8	+0.075%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,760	−0.030%	$559K	$350K	10x	as long as short