Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h −0.069%

Price spread now: HTX against Kraken Futures−0.057%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.784%−$78 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.057%, 7d avg −0.022%

Together, before fees−0.729%−$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.035% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,767.7	0.0122	pay 0.0015% / 1h	44m 24s	$128K	$354K	20x
Short	HTX SNDK-USDT	1,766.7	0	get 0.0000% / 8h	2h 44m	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$25.52
Price spread: −0.057% → −0.022%: −$3.49
Slippage, 4 orders: −$23.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.32
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 5 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 Kraken Futures live order book, 3 min ago	2.83 bp	12.2 bp −$12	36.6 bp −$366	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	7.0 bp −$7	7.9 bp −$79	15.5 bp −$1,554	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	1,768.2	+0.027%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,767.9	+0.009%	$6.1M	$22.0M	20x	as long as short
Bitget SNDKUSDT	−0.0025%	8h	1,767.7	−0.003%	$44.5M	$162.2M	75x	as long as short
Nado SNDK-PERP	−0.0010%	1h	1,768.5	+0.041%	$336K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,768.7	+0.054%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.6	−0.006%	$1.4M	$11.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.7	+0.057%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,767.4	−0.021%	$279.6M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767.9	+0.007%	$31.7M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.8	+0.004%	$82.6M	$828.4M	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	1,768.8	+0.058%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.4	−0.020%	$177.3M	$228.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.7	+0.056%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,769.8	+0.118%	$22K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.1	+0.134%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.4	−0.019%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.1	+0.023%	$677	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,767.4	−0.019%	$51K	$347K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,766.7	−0.057%	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,768.3	+0.029%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,769.6	+0.103%	$685	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,766.4	−0.076%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768.6	+0.046%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.8	+0.060%	$1.3M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767	−0.043%	$423K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.823%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,768.1	+0.022%	$263K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,767.7	−0.002%	$243K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768	+0.015%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.6	−0.008%	$117.7M	$154.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.1	−0.036%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.4	−0.022%	$722K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.2	+0.083%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,768.5	+0.044%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.3	−0.025%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	+0.101%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.1	−0.037%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0122%	1h	1,767.7	long leg	$128K	$354K	20x
Lighter SNDK	+0.0128%	1h	1,769.6	+0.103%	$1.7M	$15.8M	20x	as long as short
edgeX SNDKUSDC	+0.0208%	4h	1,768.4	+0.039%	$562K	$353K	10x	as long as short