Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.005%

Price spread now: QFEX against HTX−0.002%7-day average +0.010% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.002%, 7d avg +0.010%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,782.6	0	get 0.0000% / 8h	7h 33m	$1.5M	$10.9M	50x
Short	QFEX SNDK-USD	1,782.5	0.0001	get 0.0000% / 1h	33m 02s	$2.1M	$20.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0.27
Price spread: −0.002% → +0.010%: −$1.18
Slippage, 4 orders: −$6.78
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.7
Costs to cover: 0.288%
Break-even: 780.3 days

Slippage from HTX: live order book, 1 min ago; QFEX: live order book, 6 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	1.40 bp	7.5 bp −$7	9.8 bp −$98	15.6 bp −$1,559	doesn't fit
Sell QFEX live order book, 6 min ago	1.26 bp	6.8 bp −$7	6.8 bp −$68	12.4 bp −$1,240	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	1,783.4	+0.048%	$4.0M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.2	+0.036%	$21.7M	$44.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783.7	+0.065%	$285.0M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.7	+0.122%	$32.0M	$100.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.5	+0.109%	$86.0M	$833.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,783.9	+0.075%	$182.4M	$234.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,783.8	+0.068%	$47.4M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	+0.158%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.5	+0.055%	$10K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.5	+0.221%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,783	+0.025%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.9	−0.037%	$843	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,783.1	+0.030%	$50K	$314K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,782.6	long leg	$1.5M	$10.9M	50x
Phemex SNDKUSDT	0.0000%	8h	1,783.4	+0.045%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USDshort	+0.0001%	1h	1,782.5	−0.002%	$2.1M	$20.1M	10x
Nado SNDK-PERP	+0.0002%	1h	1,782.8	+0.013%	$346K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,783.7	+0.064%	$170K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,785.8	+0.181%	$682	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.2	+0.090%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,783.6	+0.058%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.5	+0.054%	$430K	$1.5M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.976%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784	+0.080%	$298K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.9	−0.036%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,782.7	+0.008%	$245K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,784.3	+0.098%	$114.7M	$148.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,784	+0.081%	$4.9M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,782.6	+0.002%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,782.1	−0.026%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	+0.126%	$1.4M	$5.1M	5x	as long as short
SoDEX SNDK-USD	+0.0072%	1h	1,782.7	+0.008%	$729K	$515K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782.9	+0.017%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.5	−0.005%	$198K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,783.5	+0.055%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.5	+0.277%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.9	+0.020%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.6	+0.117%	$440K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0575%	4h	1,785.2	+0.151%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0662%	1h	1,783.3	+0.040%	$130K	$378K	20x	as long as short