Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex−0.048%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.048%, 7d avg −0.028%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,758.4	0	get 0.0000% / 8h	57m 01s	$2.8M	$1.1M	50x
Short	HTX SNDK-USDT	1,757.6	0	get 0.0000% / 8h	57m 01s	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.028%: −$1.98
Slippage, 4 orders: −$36.35
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.33
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; HTX: live order book, 2 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 Phemex live order book, 2 min ago	3.27 bp	19.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	0.03 bp	6.2 bp −$6	7.0 bp −$70	13.0 bp −$1,303	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
Deribit SNDK_USDC-PERPETUAL	−0.0296%	1h	1,758.2	−0.016%	$51K	$351K	10x	as long as short
Bitget SNDKUSDT	−0.0291%	8h	1,758.6	+0.008%	$48.3M	$167.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.3	−0.008%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0054%	1h	1,759.4	+0.056%	$327K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0008%	8h	1,759.1	+0.036%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,757.9	−0.030%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.9	+0.082%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.3	−0.009%	$278.7M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.8	+0.022%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.6	+0.009%	$82.2M	$834.4M	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	1,759.3	+0.049%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,758.4	−0.001%	$177.1M	$227.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,759.8	+0.077%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.9	+0.082%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.8	+0.020%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	−0.025%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.7	+0.014%	$791	$3.5M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,757.6	−0.048%	$1.4M	$10.6M	50x
Phemex SNDKUSDTlong	0.0000%	8h	1,758.4	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0011%	1h	1,760.4	+0.109%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756	−0.139%	—	$579K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.8	+0.018%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.5	+0.005%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.361%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,759.4	+0.056%	$1.7M	$16.2M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.7	+0.016%	$254K	$1.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0044%	1h	1,757	−0.082%	$185K	$130K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.2	−0.014%	$242K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.4	−0.002%	$118.7M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.6	+0.066%	$4.6M	$19.6M	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.3	−0.011%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.7	+0.017%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,757.2	−0.071%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.9	−0.033%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.4	0.000%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.6	+0.125%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758	−0.026%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.068%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.5	+0.003%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0480%	4h	1,759.2	+0.041%	$559K	$349K	10x	as long as short