Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: HTX against Pacifica−0.031%7-day average −0.010% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.031%, 7d avg −0.010%

Together, before fees−0.076%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica SNDK	1,761.8	0.0100	pay 0.0013% / 1h	33m 48s	$197K	$308K	10x
Short	HTX SNDK-USDT	1,761.2	0	get 0.0000% / 8h	33m 48s	$1.4M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$21
Price spread: −0.031% → −0.010%: −$2.07
Slippage, 4 orders: −$6.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.71
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 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 Pacifica live order book, 5 min ago	0.28 bp	5.3 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	6.2 bp −$6	7.1 bp −$71	13.7 bp −$1,372	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	−0.0272%	8h	1,761.9	+0.008%	$48.4M	$166.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	+0.022%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,761.3	−0.024%	$6.0M	$22.3M	20x	as long as short
Nado SNDK-PERP	−0.0013%	1h	1,761.5	−0.014%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.4	−0.021%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.9	+0.065%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762	+0.014%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.2	+0.027%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.8	+0.003%	$82.4M	$833.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.043%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,761.8	+0.004%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.039%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.4	+0.039%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.037%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.1	+0.018%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.9	+0.011%	$923	$3.4M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,761.2	−0.031%	$1.4M	$10.5M	50x
Phemex SNDKUSDT	0.0000%	8h	1,761.6	−0.009%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.4	+0.034%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760	−0.100%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.6	−0.010%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.9	+0.007%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.169%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.3	+0.032%	$1.8M	$16.3M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.9	−0.049%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.1	+0.020%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.7	−0.003%	$119.5M	$159.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	−0.003%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.8	−0.054%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.4	−0.019%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.2	−0.029%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.7	−0.003%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.8	+0.001%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0096%	1h	1,762.1	+0.021%	$51K	$353K	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,761.8	long leg	$197K	$308K	10x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.2	+0.024%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	−0.015%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.038%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.4	+0.038%	$127K	$339K	20x	as long as short
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	+0.005%	$560K	$351K	10x	as long as short