Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0257%/8h= −28.2% APRpaid last 24h −0.007%

Price spread now: HTX against RISEx+0.004%7-day average −0.046% · 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−$19as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.004%, 7d avg −0.046%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.050% dearer against RISEx than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.046%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.051% in total) that is about 3.4 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.051% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SNDK/USDC	1,784.1	0.0257	pay 0.0032% / 1h	36m 13s	$171K	$1.8M	20x
Short	HTX SNDK-USDT	1,784.1	0	get 0.0000% / 8h	6h 36m	$1.5M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$54.06
Price spread: +0.004% → −0.046%: $4.96
Slippage, 4 orders: −$5.51
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$72.61
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; HTX: live order book, 3 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 RISEx live order book, 3 min ago	1.51 bp	4.5 bp −$5	5.9 bp −$59	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	0.03 bp	8.2 bp −$8	10.1 bp −$101	15.1 bp −$1,513	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	+0.221%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0085%	1h	1,784.1	+0.002%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.154%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.8	−0.070%	$1.8M	$17.2M	10x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,783.5	−0.032%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.5	+0.027%	$21.7M	$39.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.1	+0.002%	$286.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.4	+0.018%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.5	+0.025%	$85.6M	$830.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784	−0.005%	$180.4M	$231.5M	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	1,783.9	−0.011%	$43.9M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.015%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.050%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.7	−0.018%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.5	−0.146%	$771	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,783.8	−0.015%	$51K	$328K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,784.1	+0.004%	$1.5M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,784.5	+0.025%	$2.8M	$1.1M	50x	as long as short
tradeXYZ xyz:SNDK	+0.0005%	1h	1,783.8	−0.015%	$114.2M	$146.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.7	+0.091%	$670	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.8	+0.039%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.3	+0.014%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.3	+0.015%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.891%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.026%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.2	−0.050%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.9	−0.009%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.035%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,782.6	−0.083%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783.7	−0.020%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.6	−0.023%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	+0.014%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.5	−0.031%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.035%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.6	−0.082%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.3	+0.015%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.2	−0.048%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783	−0.057%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.6	+0.031%	$130K	$355K	20x	as long as short
RISEx SNDK/USDClong	+0.0257%	1h	1,784.1	long leg	$171K	$1.8M	20x