Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%

Price spread now: Popdex against HTX+0.049%7-day average +0.022% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on HTX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.049%, 7d avg +0.022%

Together, before fees+0.065%+$6 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 Popdex is 0.027% 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	1,773.7	0	get 0.0000% / 8h	3h 26m	$1.4M	$10.7M	50x
Short	Popdex SNDKUSDT	1,774.6	0.0048	get 0.0006% / 1h	26m 09s	$245K	$651K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.049%Rate

Funding earned: $10.08
Price spread: +0.049% → +0.022%: $2.73
Slippage, 4 orders: −$4.16
Fee HTX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$9.75
Costs to cover: 0.226%
Break-even: 13.8 days

Slippage from HTX: live order book, 3 min ago; Popdex: live order book, 28 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	0.98 bp	8.0 bp −$8	10.7 bp −$107	17.0 bp −$1,698	doesn't fit
Sell Popdex live order book, 28 min ago	0.56 bp	3.8 bp −$4	7.7 bp −$77	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	1,775.9	+0.121%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,775.6	+0.103%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0035%	1h	1,775.6	+0.108%	$345K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0021%	1h	1,776.4	+0.151%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.9	+0.009%	$1.4M	$12.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.8	+0.063%	$431K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,776	+0.126%	$21.7M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.2	+0.028%	$282.0M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.9	+0.067%	$32.2M	$101.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	+0.032%	$82.5M	$824.9M	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	1,775.4	+0.092%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.2	+0.025%	$177.1M	$230.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.2	+0.028%	$44.3M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.5	+0.214%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.233%	$20K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.5	+0.213%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.3	+0.032%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.8	−0.054%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,774.5	+0.046%	$51K	$346K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,773.7	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,774.3	+0.031%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,777	+0.184%	$734	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.4	+0.096%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.5	+0.041%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.3	+0.034%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.479%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	+0.117%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.3	−0.022%	—	$580K	10x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,774.6	+0.049%	$245K	$651K	20x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.7	−0.001%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.1	+0.021%	$117.2M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.2	+0.026%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.4	+0.036%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777.8	+0.229%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774	+0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.5	+0.045%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.3	+0.259%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.2	+0.025%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774.4	+0.036%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0403%	4h	1,777.3	+0.202%	$564K	$351K	10x	as long as short