Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.012%

Price spread now: HTX against Coinbase International+0.097%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.097%, 7d avg −0.034%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.131% dearer against Coinbase International than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.034%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.106% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SNDK-PERP-INTX	1,761	0.0112	pay 0.0014% / 1h	23m 42s	$431K	$2.3M	10x
Short	HTX SNDK-USDT	1,762.7	0	get 0.0000% / 8h	1h 23m	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$23.52
Price spread: +0.097% → −0.034%: $13.07
Slippage, 4 orders: −$9.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.98
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; HTX: live order book, 5 min ago.

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 Coinbase International live order book, 5 min ago	2.30 bp	8.7 bp −$9	11.7 bp −$117	33.7 bp −$3,366	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	6.4 bp −$6	7.5 bp −$75	18.0 bp −$1,803	doesn't fit

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	−0.0361%	8h	1,764.1	+0.177%	$48.0M	$166.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.7	+0.099%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,762.6	+0.094%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,762.5	+0.089%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.5	+0.143%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.4	+0.136%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.8	+0.162%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.2	+0.127%	$82.5M	$836.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.3	+0.131%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.8	+0.158%	$177.1M	$231.1M	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	1,761.5	+0.033%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.044%	$10K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	+0.002%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763	+0.115%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.9	+0.111%	$802	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.4	+0.135%	$51K	$351K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,762.7	+0.097%	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,764.1	+0.177%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,760.9	−0.006%	$655	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.5	−0.026%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0018%	1h	1,763.4	+0.137%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,764.7	+0.212%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.1	+0.176%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.7	+0.098%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.214%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760	−0.053%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.2	+0.127%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.7	+0.155%	$118.7M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.8	+0.047%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.8	+0.047%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.5	+0.085%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.5	+0.145%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763	+0.115%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.8	+0.104%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.4	+0.138%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.4	−0.032%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	+0.087%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0112%	1h	1,761	long leg	$431K	$2.3M	10x
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.8	+0.161%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0891%	4h	1,760.1	−0.051%	$559K	$351K	10x	as long as short