Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h +0.068%

Price spread now: Kraken Futures against HTX+0.048%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.787%+$79 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.048%, 7d avg +0.022%

Together, before fees+0.792%+$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.026% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,789.3	0	get 0.0000% / 8h	4h 16m	$1.4M	$10.7M	50x
Short	Kraken Futures PF_SNDKUSD	1,790.1	0.0044	get 0.0006% / 1h	16m 18s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.048%Rate

Funding earned: $9.32
Price spread: +0.048% → +0.022%: $2.6
Slippage, 4 orders: −$28.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$38.88
Costs to cover: 0.508%
Break-even: 36.2 days

Slippage from HTX: live order book, 3 min ago; Kraken Futures: live order book, 41 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, 3 min ago	0.03 bp	8.2 bp −$8	9.7 bp −$97	16.7 bp −$1,671	doesn't fit
Sell Kraken Futures live order book, 41 min ago	2.51 bp	22.5 bp −$23	46.2 bp −$462	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	1,789.9	+0.038%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	+0.041%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0080%	1h	1,790.5	+0.068%	$347K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0070%	1h	1,789.7	+0.025%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.4	+0.008%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.4	+0.065%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0013%	8h	1,789	−0.016%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790	+0.039%	$21.8M	$36.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790	+0.039%	$285.8M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.3	+0.058%	$32.6M	$100.3M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.1	+0.047%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,790.8	+0.087%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.8	+0.029%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.6	+0.021%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	+0.054%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.9	+0.038%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.7	+0.025%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.2	−0.060%	$832	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.1	+0.046%	$51K	$345K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,789.3	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,789.7	+0.025%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.058%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.6	+0.076%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.4	+0.064%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.8	+0.033%	$476K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.598%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.7	−0.033%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0044%	1h	1,790.1	+0.048%	$130K	$352K	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	+0.008%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.4	+0.008%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.7	+0.024%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.9	+0.036%	$116.1M	$147.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.5	+0.013%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	+0.036%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.047%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.5	+0.012%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.9	+0.035%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.6	+0.072%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	+0.013%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0903%	4h	1,789.6	+0.021%	$568K	$353K	10x	as long as short