Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h +0.010%

Price spread now: HTX against Deribit−0.019%58s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.447% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.019%, 7d avg −0.017%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,763.8	0.0005	pay 0.0001% / 1h	19m 17s	$51K	$351K	10x
Short	HTX SNDK-USDT	1,763.4	0	get 0.0000% / 8h	1h 19m	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$1.09
Price spread: −0.019% → −0.017%: −$0.19
Slippage, 4 orders: −$25.72
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Deribit: live order book, 24 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 Deribit live order book, 24 min ago	9.38 bp	13.5 bp −$13	18.3 bp −$183	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	7.0 bp −$7	7.7 bp −$77	13.3 bp −$1,329	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	−0.0326%	8h	1,763.6	−0.006%	$48.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,764.9	+0.062%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.2	−0.029%	$1.4M	$10.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0001%	8h	1,762.8	−0.057%	$6.0M	$22.2M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.4	+0.037%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.7	−0.004%	$280.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.9	+0.010%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.5	−0.014%	$82.6M	$837.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.8	+0.062%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.7	−0.005%	$177.5M	$231.4M	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	1,764.5	+0.043%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.5	−0.017%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,764.5	+0.043%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.6	−0.009%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	−0.011%	$982	$3.5M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,763.4	−0.019%	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,764.3	+0.032%	$2.8M	$1.1M	50x	as long as short
Deribit SNDK_USDC-PERPETUALlong	+0.0005%	1h	1,763.8	long leg	$51K	$351K	10x
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.1	−0.036%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,761.6	−0.121%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,763.4	−0.022%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,764.2	+0.026%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.4	−0.018%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.8	−0.055%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.053%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.3	−0.083%	$254K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.9	+0.009%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.6	−0.009%	$118.8M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.8	−0.054%	$4.7M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.6	−0.065%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,763.5	−0.017%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763	−0.043%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.4	+0.037%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.3	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.4	−0.020%	$198K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.9	+0.062%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,763.7	−0.002%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.158%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.9	+0.008%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0501%	4h	1,763	−0.043%	$560K	$352K	10x	as long as short