Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Deribit against HTX+0.078%7-day average +0.017% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.078%, 7d avg +0.017%

Together, before fees−0.096%−$10 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: Deribit is 0.062% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,784.9	0	get 0.0000% / 8h	6h 01m	$1.4M	$10.4M	50x
Short	Deribit SNDK_USDC-PERPETUAL	1,786.3	0	get 0.0000% / 1h	1m 50s	$51K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.017%: $6.19
Slippage, 4 orders: −$26.07
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.88
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Deribit: live order book, 2 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	0.03 bp	8.8 bp −$9	11.0 bp −$110	16.6 bp −$1,659	doesn't fit
Sell Deribit live order book, 2 min ago	7.42 bp	16.6 bp −$17	20.1 bp −$201	doesn't fit	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.7	−0.008%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0034%	1h	1,785.9	+0.057%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0028%	1h	1,785	+0.008%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.4	+0.032%	$1.6M	$15.6M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0007%	1h	1,784.8	−0.003%	$114.5M	$145.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.9	+0.059%	$21.8M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.3	+0.024%	$285.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.8	+0.055%	$32.1M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785	+0.008%	$85.4M	$822.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,785.2	+0.021%	$180.6M	$232.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,785.2	+0.018%	$43.8M	$163.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.8	0.000%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.8	−0.001%	$19K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.2	+0.076%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	+0.012%	$750	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUALshort	0.0000%	1h	1,786.3	+0.078%	$51K	$331K	10x
HTX SNDK-USDTlong	0.0000%	8h	1,784.9	long leg	$1.4M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,785.8	+0.054%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.6	+0.041%	$664	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.9	+0.057%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.5	+0.036%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.6	+0.042%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.847%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.9	−0.053%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.8	−0.002%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.6	+0.040%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786	+0.064%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.8	+0.053%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.5	+0.035%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	−0.003%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	+0.035%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784	−0.047%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.9	+0.057%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.7	−0.006%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.1	+0.016%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.4	+0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786.5	+0.095%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786.5	+0.092%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0998%	4h	1,783.6	−0.069%	$566K	$353K	10x	as long as short