Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against SoDEX−0.024%7-day average −0.005% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.024%, 7d avg −0.005%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,772	0.0050	pay 0.0006% / 1h	14m 15s	$724K	$514K	10x
Short	HTX SNDK-USDT	1,771.5	0	get 0.0000% / 8h	3h 14m	$1.4M	$10.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$10.5
Price spread: −0.024% → −0.005%: −$1.95
Slippage, 4 orders: −$10.24
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.69
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from SoDEX: live order book, 39 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 SoDEX live order book, 39 min ago	0.03 bp	7.7 bp −$8	40.7 bp −$407	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	8.7 bp −$9	9.2 bp −$92	16.4 bp −$1,637	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	1,772.2	+0.016%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,771.9	−0.006%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,771.7	−0.015%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.6	−0.023%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,772	+0.002%	$342K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.119%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.8	+0.047%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.1	+0.007%	$280.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.2	+0.015%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772	+0.002%	$82.2M	$826.9M	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	1,772.6	+0.038%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772	+0.004%	$177.2M	$231.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.9	−0.005%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.5	+0.088%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773	+0.060%	$17K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.2	+0.070%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.2	+0.015%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.8	−0.010%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.9	−0.006%	$51K	$346K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,771.5	−0.024%	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,771.9	−0.004%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,772.8	+0.050%	$705	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.9	+0.052%	$1.7M	$15.9M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.3	+0.019%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.5	−0.027%	$428K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.580%	$36	$9K	12x	as long as short
Vest SNDK-USD-PERP	+0.0038%	1h	1,769.4	−0.143%	—	$582K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.6	−0.023%	$264K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.5	+0.030%	$244K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.4	−0.031%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.4	+0.025%	$117.4M	$152.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.2	+0.014%	$185K	$132K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,772	long leg	$724K	$514K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.5	−0.026%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.8	−0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	−0.023%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	+0.053%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.7	−0.014%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,772.4	+0.023%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0449%	4h	1,771.1	−0.047%	$562K	$353K	10x	as long as short