Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.003%

Price spread now: HTX against tradeXYZ−0.064%49s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.348% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.064%, 7d avg −0.023%

Together, before fees−0.215%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.042% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNDK	1,786.8	0.0021	pay 0.0003% / 1h	24m 23s	$114.5M	$145.5M	10x
Short	HTX SNDK-USDT	1,785.7	0	get 0.0000% / 8h	5h 24m	$1.4M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$4.37
Price spread: −0.064% → −0.023%: −$4.18
Slippage, 4 orders: −$4.79
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$43.35
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from tradeXYZ: 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 tradeXYZ live order book, 4 min ago	0.28 bp	9.6 bp −$10	10.6 bp −$106	13.9 bp −$1,386	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	9.1 bp −$9	9.6 bp −$96	14.8 bp −$1,481	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	1,786.1	−0.039%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,785.7	−0.062%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0055%	1h	1,786.4	−0.022%	$4.9M	$20.1M	10x	as long as short
Nado SNDK-PERP	−0.0039%	1h	1,787.3	+0.027%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.2	−0.032%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.5	−0.018%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.8	+0.002%	$285.6M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.4	+0.035%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.3	+0.028%	$85.2M	$822.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.6	+0.047%	$170K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,787.2	+0.022%	$180.3M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.4	−0.020%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.9	−0.049%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.7	−0.059%	$17K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.7	−0.006%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.095%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.2	−0.035%	$51K	$338K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,785.7	−0.064%	$1.4M	$10.8M	50x
Phemex SNDKUSDT	0.0000%	8h	1,786.2	−0.035%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,787	+0.010%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDKlong	+0.0021%	1h	1,786.8	long leg	$114.5M	$145.5M	10x
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.062%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.6	+0.045%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.2	+0.020%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.8	+0.003%	$452K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.737%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.1	−0.093%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.1	−0.040%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787	+0.011%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.4	−0.022%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.6	−0.011%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.1	−0.039%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	−0.039%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.5	−0.017%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0061%	4h	1,785.2	−0.088%	$567K	$351K	10x	as long as short
KuCoin SNDKUSDTM	+0.0073%	8h	1,785.8	−0.059%	$6.1M	$21.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	−0.025%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.6	−0.013%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.9	+0.003%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.3	−0.027%	$8K	$3K	20x	as long as short