Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.009%

Price spread now: HTX against Arcus+0.273%7-day average +0.032% · 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−$11as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.273%, 7d avg +0.032%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.240% dearer against Arcus than usual: you sell high and buy low (spread +0.273% now, against its 7-day average of +0.032%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 4 days (−0.010% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SNDK-USD	1,764.2	0.0040	pay 0.0005% / 1h	9m 53s	$262K	$1.4M	10x
Short	HTX SNDK-USDT	1,769	0	get 0.0000% / 8h	2h 09m	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.273%Rate

Funding earned: −$8.46
Price spread: +0.273% → +0.032%: $24.04
Slippage, 4 orders: −$18.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.34
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; HTX: live order book, 4 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 Arcus live order book, 4 min ago	1.02 bp	6.0 bp −$6	11.9 bp −$119	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	2.41 bp	8.4 bp −$8	8.8 bp −$88	13.5 bp −$1,351	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
Bitget SNDKUSDT	−0.0310%	8h	1,769.5	+0.302%	$47.0M	$164.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	+0.238%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0031%	8h	1,769.3	+0.289%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.9	+0.209%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771	+0.385%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.2	+0.340%	$281.0M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.6	+0.363%	$31.9M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.6	+0.364%	$82.1M	$835.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.291%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.8	+0.321%	$176.6M	$231.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	+0.182%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.139%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.140%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	+0.257%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.2	+0.285%	$879	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.1	+0.281%	$51K	$349K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,769	+0.273%	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,769	+0.272%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,768.5	+0.248%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,766.2	+0.117%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.3	+0.007%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	+0.217%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.6	+0.308%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.2	+0.283%	$439K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.029%	$36	$9K	12x	as long as short
Arcus SNDK-USDlong	+0.0040%	1h	1,764.2	long leg	$262K	$1.4M	10x
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	+0.245%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.3	+0.291%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.9	+0.098%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.5	+0.189%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.6	+0.195%	$723K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.3	+0.234%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.8	+0.206%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.338%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,770.4	+0.351%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.6	+0.251%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.005%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	+0.021%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.4	+0.241%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.4	+0.297%	$127K	$347K	20x	as long as short