Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.082%

Price spread now: Kraken Futures against HTX+0.072%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.782%+$78 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.072%, 7d avg +0.024%

Together, before fees+0.782%+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.048% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,751.1	−0.0050	get 0.0050% / 8h	7h 20m	$1.4M	$10.0M	50x
Short	Kraken Futures PF_SNDKUSD	1,752.4	0.0285	get 0.0036% / 1h	20m 42s	$128K	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.072%Rate

Funding earned: $70.36
Price spread: +0.072% → +0.024%: $4.82
Slippage, 4 orders: −$28.31
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $24.86
Costs to cover: 0.503%
Break-even: 4.5 days

Slippage from HTX: live order book, 3 min ago; Kraken Futures: live order book, 12 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 HTX live order book, 3 min ago	0.03 bp	9.0 bp −$9	10.7 bp −$107	17.6 bp −$1,755	doesn't fit
Sell Kraken Futures live order book, 12 min ago	3.44 bp	13.6 bp −$14	46.8 bp −$468	doesn't fit	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
GRVT SNDK_USDT_Perp	−0.0285%	8h	1,747.9	−0.182%	$19K	$2.2M	10x	as long as short
Bitget SNDKUSDT	−0.0212%	8h	1,752	+0.051%	$49.9M	$168.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,752.3	+0.068%	$4.0M	$4.6M	75x	as long as short
HTX SNDK-USDTlong	−0.0050%	8h	1,751.1	long leg	$1.4M	$10.0M	50x
KuCoin SNDKUSDTM	−0.0035%	8h	1,751.1	+0.002%	$6.0M	$22.6M	20x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,750.2	−0.054%	$333K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,750.5	−0.033%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,751.6	+0.026%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,751.9	+0.046%	$278.9M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,752.5	+0.079%	$32.0M	$105.0M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,753	+0.108%	$82.1M	$826.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,749.3	−0.101%	$135K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,752.4	+0.075%	$179.9M	$220.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,752.6	+0.083%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,747.4	−0.212%	$272K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,751.6	+0.026%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,751	−0.009%	$970	$3.3M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,752.3	+0.066%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,749.4	−0.097%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,747.4	−0.212%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,752.5	+0.077%	$1.7M	$16.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.2	+0.062%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752	+0.049%	$385K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.790%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,751.1	+0.001%	$250K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,751.1	−0.001%	$248K	$666K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,751.6	+0.026%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,752	+0.051%	$118.9M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,749.7	−0.081%	$4.5M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,750.6	−0.029%	$184K	$129K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,750.2	−0.053%	$716K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,751.6	+0.028%	$1.3M	$5.3M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,751.4	+0.017%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752	+0.053%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,748.1	−0.174%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,750.7	−0.023%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,751.1	−0.001%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0285%	1h	1,752.4	+0.072%	$128K	$350K	20x
Deribit SNDK_USDC-PERPETUAL	+0.0298%	1h	1,752.5	+0.080%	$50K	$360K	10x	as long as short
edgeX SNDKUSDC	+0.0926%	4h	1,747.1	−0.226%	$555K	$349K	10x	as long as short