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 +0.010%

Price spread now: Coinbase International against HTX+0.083%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.083%, 7d avg +0.032%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.052% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,766	0	get 0.0000% / 8h	1h 58m	$1.4M	$10.6M	50x
Short	Coinbase International SNDK-PERP-INTX	1,767.5	0.0112	get 0.0014% / 1h	58m 06s	$433K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.083%Rate

Funding earned: $23.52
Price spread: +0.083% → +0.032%: $5.15
Slippage, 4 orders: −$7.38
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.71
Costs to cover: 0.294%
Break-even: 7.2 days

Slippage from HTX: live order book, 1 min ago; Coinbase International: live order book, 1 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, 1 min ago	0.82 bp	8.6 bp −$9	10.0 bp −$100	16.9 bp −$1,690	doesn't fit
Sell Coinbase International live order book, 1 min ago	1.58 bp	7.0 bp −$7	13.5 bp −$135	37.7 bp −$3,769	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	−0.0220%	8h	1,765.9	−0.005%	$47.4M	$165.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,766.3	+0.018%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0020%	8h	1,766.4	+0.025%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,767.4	+0.079%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,767.2	+0.067%	$21.6M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,767	+0.055%	$280.2M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767	+0.058%	$31.8M	$103.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,766	+0.001%	$82.2M	$834.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,768.1	+0.118%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,766.1	+0.007%	$177.1M	$229.8M	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	1,767.2	+0.070%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767	+0.055%	$12K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767	+0.057%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.4	+0.080%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.5	+0.083%	$884	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,767.2	+0.068%	$51K	$350K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,766	long leg	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,766.1	+0.005%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,767.1	+0.061%	$657	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0018%	1h	1,765.5	−0.031%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766.8	+0.048%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,766.1	+0.004%	$475K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.924%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.2	−0.044%	$259K	$1.5M	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,767.1	+0.062%	$1.8M	$16.2M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.2	+0.125%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,765.9	−0.005%	$118.9M	$158.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766	+0.001%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,766.8	+0.046%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.3	+0.018%	$722K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,766.9	+0.051%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.8	+0.046%	$1.4M	$5.1M	5x	as long as short
Nado SNDK-PERP	+0.0075%	1h	1,768	+0.116%	$329K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.6	+0.091%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,766.8	+0.048%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,767.4	+0.080%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,766.5	+0.030%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0112%	1h	1,767.5	+0.083%	$433K	$2.3M	10x
Kraken Futures PF_SNDKUSD	+0.0399%	1h	1,767.6	+0.091%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0621%	4h	1,766.4	+0.024%	$561K	$353K	10x	as long as short