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: SoDEX against HTX+0.038%7-day average +0.005% · 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−$28as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on HTX Short on SoDEX

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 +0.038%, 7d avg +0.005%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.033% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,763.9	0	get 0.0000% / 8h	3h 03m	$1.4M	$10.7M	50x
Short	SoDEX SNDK-USD	1,764.6	0.0050	get 0.0006% / 1h	3m 14s	$721K	$514K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $10.5
Price spread: +0.038% → +0.005%: $3.32
Slippage, 4 orders: −$11.47
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$17.65
Costs to cover: 0.315%
Break-even: 18.8 days

Slippage from HTX: live order book, 1 min ago; SoDEX: live order book, 50 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, 1 min ago	1.73 bp	8.2 bp −$8	10.3 bp −$103	18.6 bp −$1,859	doesn't fit
Sell SoDEX live order book, 50 min ago	0.03 bp	7.8 bp −$8	38.0 bp −$380	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
BloFin SNDK-USDT	−0.0120%	8h	1,764.5	+0.031%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,764.6	+0.039%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0028%	1h	1,766.4	+0.140%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,763.7	−0.014%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767.2	+0.186%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,764.4	+0.025%	$337K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765.4	+0.083%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.5	+0.031%	$279.7M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.5	+0.030%	$31.7M	$102.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.8	−0.007%	$81.8M	$826.8M	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	1,765.4	+0.085%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.8	−0.006%	$176.8M	$231.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,764.1	+0.011%	$44.1M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.219%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,766.8	+0.160%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	+0.208%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.4	+0.029%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,766.7	+0.155%	$814	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.7	+0.044%	$51K	$346K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,763.9	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,764.3	+0.023%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,766.9	+0.169%	$657	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0021%	1h	1,762.3	−0.094%	—	$592K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,765.4	+0.081%	$1.8M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.8	+0.049%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.2	+0.015%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.043%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766	+0.118%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764.7	+0.044%	$243K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,764.2	+0.014%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764	+0.004%	$117.1M	$153.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.8	−0.007%	$184K	$132K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,764.6	+0.038%	$721K	$514K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.9	+0.112%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.3	+0.024%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,765.8	+0.103%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,765.9	+0.112%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.1	+0.012%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,764.7	+0.043%	$128K	$355K	20x	as long as short
edgeX SNDKUSDC	+0.0477%	4h	1,766.5	+0.146%	$561K	$353K	10x	as long as short