Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.011%

Price spread now: HTX against Popdex−0.014%7-day average −0.023% · 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−$21as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.014%, 7d avg −0.023%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SNDKUSDT	1,783.2	0.0048	pay 0.0006% / 1h	38m 59s	$246K	$645K	20x
Short	HTX SNDK-USDT	1,783	0	get 0.0000% / 8h	6h 38m	$1.5M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Popdex. 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 PopdexbpFee HTXbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$10.08
Price spread: −0.014% → −0.023%: $0.85
Slippage, 4 orders: −$3.32
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.95
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Popdex: live order book, 30 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 Popdex live order book, 30 min ago	0.56 bp	3.8 bp −$4	5.2 bp −$52	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
Deribit SNDK_USDC-PERPETUAL	−0.0154%	1h	1,783.5	+0.018%	$51K	$328K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,788	+0.270%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,785.8	+0.146%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.202%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.2	+0.001%	$1.8M	$17.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.9	+0.093%	$21.7M	$39.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783	−0.012%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,783.4	+0.009%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783	−0.011%	$85.7M	$829.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,783.1	−0.008%	$180.3M	$231.3M	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	1,782.8	−0.023%	$45.9M	$165.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.9	+0.209%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	+0.231%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.4	+0.012%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.6	−0.035%	$856	$3.7M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,783	−0.014%	$1.5M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,783.2	−0.003%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,784.5	+0.072%	$360K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,787.3	+0.229%	$671	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0007%	1h	1,783	−0.011%	$114.1M	$146.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.5	+0.073%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,783.8	+0.034%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,783.6	+0.023%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.940%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.6	+0.135%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.6	+0.022%	—	$584K	10x	as long as short
Popdex SNDKUSDTlong	+0.0048%	1h	1,783.2	long leg	$246K	$645K	20x
Paradex SNDK-USD-PERP	+0.0049%	8h	1,783.7	+0.026%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783	−0.011%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.5	+0.015%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.3	+0.006%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783	−0.010%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	+0.011%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,783.6	+0.024%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.6	+0.078%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.264%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.6	−0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,783.4	+0.011%	$130K	$364K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	+0.050%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0279%	4h	1,787.4	+0.233%	$568K	$351K	10x	as long as short