Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against HTX−0.109%50s7-day average +0.019% · 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−$280.277% of the position

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.109%, 7d avg +0.019%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.128% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,778.3	0	get 0.0000% / 8h	3h 27m	$1.4M	$10.7M	50x
Short	Bullet SNDK-USD	1,776.3	0	get 0.0000% / 1h	27m 28s	$14K	$286K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against HTX. 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 HTXbpFee BulletbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → +0.019%: −$12.81
Slippage, 4 orders: −$7.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$40.51
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Bullet: live order book, 27 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 HTX live order book, 2 min ago	0.98 bp	8.0 bp −$8	10.7 bp −$107	17.0 bp −$1,698	doesn't fit
Sell Bullet live order book, 27 min ago	0.56 bp	6.4 bp −$6	20.3 bp −$203	doesn't fit	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
BloFin SNDK-USDT	−0.0120%	8h	1,777.5	−0.044%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,776.7	−0.088%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0034%	1h	1,778.6	+0.021%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,776.8	−0.080%	$1.4M	$12.1M	10x	as long as short
Entropy io:SNDK	−0.0014%	1h	1,777.6	−0.037%	$4.8M	$19.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,777.5	−0.041%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.6	−0.038%	$21.7M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,776.6	−0.092%	$282.8M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.8	−0.083%	$32.3M	$101.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,776	−0.127%	$82.8M	$825.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,778.2	−0.004%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.6	−0.096%	$177.3M	$230.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777	−0.071%	$44.4M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.5	−0.040%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	−0.022%	$20K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.5	−0.042%	$277K	$193K	15x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,776.3	−0.109%	$14K	$286K	10x
SunX SNDK-USDT	0.0000%	8h	1,777.2	−0.059%	$889	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,778.9	+0.038%	$51K	$346K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,778.3	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,778.8	+0.030%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,777.5	−0.042%	$734	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,778.5	+0.014%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.1	−0.009%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.7	−0.032%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.221%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,776.6	−0.094%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,776.2	−0.116%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.8	−0.082%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	−0.038%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.1	−0.065%	$117.4M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.9	−0.076%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,778.2	−0.004%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777.8	−0.025%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.9	−0.130%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.5	−0.040%	$198K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.3	+0.004%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.2	−0.114%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,779.4	+0.063%	$129K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0403%	4h	1,777.3	−0.053%	$564K	$351K	10x	as long as short