Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.071%

Price spread now: HTX against Kraken Futures−0.005%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.783%−$78 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.005%, 7d avg −0.022%

Together, before fees−0.789%−$79 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,757.7	0.0402	pay 0.0050% / 1h	38m 16s	$126K	$346K	20x
Short	HTX SNDK-USDT	1,757.6	0	get 0.0000% / 8h	1h 38m	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$84.35
Price spread: −0.005% → −0.022%: $1.76
Slippage, 4 orders: −$25.58
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$130.17
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 1 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 Kraken Futures live order book, 4 min ago	2.27 bp	15.1 bp −$15	37.7 bp −$377	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.03 bp	6.9 bp −$7	8.8 bp −$88	13.9 bp −$1,388	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	−0.0331%	8h	1,757.9	+0.014%	$47.6M	$165.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,757.9	+0.013%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,757.7	0.000%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,757.2	−0.025%	$1.4M	$10.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.4	+0.098%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.1	+0.024%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.4	+0.041%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.2	+0.029%	$82.2M	$833.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758.5	+0.044%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,757.1	−0.033%	$176.7M	$230.7M	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	1,758.6	+0.055%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	+0.066%	$15K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,759.4	+0.098%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,757.2	−0.027%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,757.1	−0.033%	$857	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,757.3	−0.021%	$51K	$351K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,757.6	−0.005%	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,758.1	+0.023%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,754.9	−0.157%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.3	+0.094%	$655	$38K	5x	as long as short
Nado SNDK-PERP	+0.0029%	1h	1,758	+0.019%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,758.6	+0.053%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,757.9	+0.013%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,757.3	−0.022%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.405%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.1	+0.024%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,757.5	−0.010%	$242K	$676K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.1	−0.033%	$118.3M	$158.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,758.5	+0.046%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,756.8	−0.050%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,757.7	−0.001%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.5	−0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.9	−0.045%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.1	−0.033%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,757.5	−0.010%	$195K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.3	+0.090%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757	−0.042%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.106%	$429K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0402%	1h	1,757.7	long leg	$126K	$346K	20x
edgeX SNDKUSDC	+0.0662%	4h	1,758.9	+0.071%	$559K	$352K	10x	as long as short