Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.001%

Price spread now: tradeXYZ against HTX−0.027%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.027%, 7d avg +0.024%

Together, before fees+0.133%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and tradeXYZ is 0.051% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,785.6	0	get 0.0000% / 8h	6h 12m	$1.4M	$10.4M	50x
Short	tradeXYZ xyz:SNDK	1,785.1	−0.0016	pay 0.0002% / 1h	12m 54s	$114.4M	$146.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$3.33
Price spread: −0.027% → +0.024%: −$5.11
Slippage, 4 orders: −$4.98
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$43.42
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; tradeXYZ: live order book, 7 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	0.03 bp	8.1 bp −$8	10.5 bp −$105	18.1 bp −$1,811	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.56 bp	9.7 bp −$10	10.5 bp −$105	15.6 bp −$1,556	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0120%	1h	1,785.2	−0.024%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.2	+0.034%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0032%	1h	1,785.6	+0.001%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0032%	1h	1,787.7	+0.121%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.5	−0.004%	$1.7M	$16.3M	10x	as long as short
tradeXYZ xyz:SNDKshort	−0.0016%	1h	1,785.1	−0.027%	$114.4M	$146.2M	10x
Aster SNDKUSD1	0.0000%	8h	1,786.5	+0.051%	$21.8M	$36.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.1	−0.029%	$285.7M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.5	−0.005%	$32.0M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.4	−0.011%	$85.4M	$828.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785.2	−0.025%	$181.0M	$232.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785	−0.034%	$43.9M	$164.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.013%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	+0.010%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785	−0.035%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.6	−0.054%	$812	$3.7M	20x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,785.6	long leg	$1.4M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,785	−0.036%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,786.3	+0.040%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.2	+0.036%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.8	+0.009%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.2	+0.034%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.805%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.7	−0.050%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.5	−0.003%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,785.7	+0.008%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.3	−0.016%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.7	−0.050%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.9	−0.041%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.7	+0.062%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.7	−0.050%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,787.3	+0.094%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.3	+0.039%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.1	−0.027%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786	+0.021%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.7	−0.053%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.6	−0.002%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786.8	+0.070%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0689%	4h	1,785.4	−0.010%	$567K	$354K	10x	as long as short