Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: HTX against Deribit+0.057%58s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.439% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.057%, 7d avg −0.018%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.075% dearer against Deribit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 58 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	Deribit SNDK_USDC-PERPETUAL	1,768	0	get 0.0000% / 1h	9m 24s	$51K	$349K	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 Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → −0.018%: $7.49
Slippage, 4 orders: −$24.91
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$36.42
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 39 min ago	8.19 bp	12.7 bp −$13	16.8 bp −$168	doesn't fit	doesn't fit
Sell HTX live order book, 5 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	−0.0297%	8h	1,768.5	+0.032%	$47.0M	$164.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	+0.023%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0030%	8h	1,769.1	+0.062%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,769.3	+0.077%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.3	+0.074%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.3	+0.016%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.9	+0.051%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.6	+0.036%	$82.1M	$834.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.5	+0.143%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.9	+0.052%	$176.6M	$231.8M	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	−0.034%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.006%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.032%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769	+0.057%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.9	−0.006%	$764	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,768	long leg	$51K	$349K	10x
HTX SNDK-USDTshort	0.0000%	8h	1,769	+0.057%	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,769	+0.056%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,770.1	+0.120%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0012%	1h	1,767.1	−0.049%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,765.2	−0.155%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,769.5	+0.087%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.4	+0.135%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.8	−0.007%	$440K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.809%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.4	−0.144%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.4	+0.081%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.9	+0.053%	$119.1M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.2	−0.044%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.3	+0.019%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.6	−0.020%	$723K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770	+0.115%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.104%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.122%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,771.3	+0.186%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	−0.006%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	+0.023%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.8	−0.011%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.4	+0.081%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.058%	$561K	$351K	10x	as long as short