Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.013%

Price spread now: Pacifica against HTX−0.021%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.021%, 7d avg +0.011%

Together, before fees+0.129%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.032% cheaper against HTX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.011%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.048% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,787.6	0	get 0.0000% / 8h	6h 23m	$1.5M	$10.4M	50x
Short	Pacifica SNDK	1,787.2	0.0100	get 0.0013% / 1h	23m 34s	$199K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → +0.011%: −$3.19
Slippage, 4 orders: −$8.63
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.82
Costs to cover: 0.286%
Break-even: 10.6 days

Slippage from HTX: live order book, 6 min ago; Pacifica: live order book, 45 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, 6 min ago	0.03 bp	7.7 bp −$8	10.6 bp −$106	16.9 bp −$1,690	doesn't fit
Sell Pacifica live order book, 45 min ago	0.28 bp	5.2 bp −$5	doesn't fit	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
Deribit SNDK_USDC-PERPETUAL	−0.0203%	1h	1,787.5	−0.004%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,787.5	−0.003%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0027%	1h	1,787.3	−0.014%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.7	−0.048%	$1.7M	$16.7M	10x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,788.6	+0.057%	$361K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,787.4	−0.007%	$21.8M	$37.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.8	−0.044%	$286.2M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.2	−0.020%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787	−0.031%	$85.7M	$829.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787	−0.031%	$180.9M	$232.2M	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	1,786.7	−0.048%	$44.1M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788	+0.025%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.1	−0.023%	$13K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787.4	−0.007%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.6	−0.052%	$861	$3.7M	20x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,787.6	long leg	$1.5M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,787.7	+0.007%	$2.8M	$1.1M	50x	as long as short
tradeXYZ xyz:SNDK	+0.0003%	1h	1,786.8	−0.042%	$114.5M	$145.9M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.2	−0.018%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.2	+0.037%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.9	+0.017%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.4	−0.010%	$476K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.694%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.3	−0.073%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.7	−0.048%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.8	−0.042%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,786.9	−0.034%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.4	−0.064%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.3	−0.016%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	−0.003%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787.2	−0.022%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.230%	$437K	$2.3M	10x	as long as short
Pacifica SNDKshort	+0.0100%	1h	1,787.2	−0.021%	$199K	$292K	10x
KuCoin SNDKUSDTM	+0.0100%	8h	1,786.5	−0.062%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.7	+0.007%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.6	−0.051%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.9	+0.017%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.8	+0.015%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0627%	4h	1,787.3	−0.013%	$568K	$351K	10x	as long as short