Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex+0.033%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.033%, 7d avg −0.028%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.061% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,784.3	0	get 0.0000% / 8h	6h 39m	$2.8M	$1.1M	50x
Short	HTX SNDK-USDT	1,784.9	0	get 0.0000% / 8h	6h 39m	$1.5M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.028%: $6.14
Slippage, 4 orders: −$38.62
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$56.48
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 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 Phemex live order book, 4 min ago	2.04 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	8.1 bp −$8	10.7 bp −$107	15.5 bp −$1,551	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	1,788	+0.210%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,785.8	+0.086%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.142%	$278K	$193K	15x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0030%	1h	1,784.9	+0.038%	$51K	$328K	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.2	−0.058%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.4	+0.064%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783.1	−0.067%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,783.7	−0.030%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783.3	−0.054%	$85.7M	$829.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,783.4	−0.050%	$180.4M	$231.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,783.4	−0.047%	$47.1M	$165.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.149%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	+0.171%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	+0.053%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.2	−0.002%	$856	$3.7M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,784.9	+0.033%	$1.5M	$10.4M	50x
Phemex SNDKUSDTlong	0.0000%	8h	1,784.3	long leg	$2.8M	$1.1M	50x
Nado SNDK-PERP	+0.0002%	1h	1,784.5	+0.012%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,787.9	+0.205%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0009%	1h	1,783.9	−0.020%	$114.2M	$146.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.7	+0.024%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.1	−0.009%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.1	−0.010%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.880%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.6	+0.075%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.6	−0.038%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.2	−0.059%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,783.7	−0.033%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783	−0.071%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.5	+0.011%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.3	−0.054%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.6	+0.017%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,785.9	+0.094%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,783.6	−0.035%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.8	+0.030%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.204%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.4	+0.010%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.6	+0.073%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	−0.009%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	+0.174%	$568K	$351K	10x	as long as short