Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.004%

Price spread now: HTX against QFEX−0.021%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.021%, 7d avg −0.008%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,773	−0.0019	get 0.0002% / 1h	37m 52s	$1.4M	$12.2M	10x
Short	HTX SNDK-USDT	1,772.6	0	get 0.0000% / 8h	3h 37m	$1.4M	$10.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against QFEX. 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 QFEXbpFee HTXbpOrdersPrice spread, now −0.021%Rate

Funding earned: $3.91
Price spread: −0.021% → −0.008%: −$1.28
Slippage, 4 orders: −$5.49
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.85
Costs to cover: 0.275%
Break-even: 51.4 days

Slippage from QFEX: live order book, 6 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 QFEX live order book, 6 min ago	0.03 bp	7.2 bp −$7	7.6 bp −$76	13.1 bp −$1,315	doesn't fit
Sell HTX live order book, 1 min ago	0.03 bp	7.7 bp −$8	8.3 bp −$83	15.3 bp −$1,533	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	1,773.6	+0.033%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0101%	1h	1,775.5	+0.143%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,773.5	+0.031%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,774.5	+0.086%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USDlong	−0.0019%	1h	1,773	long leg	$1.4M	$12.2M	10x
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.151%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	+0.047%	$21.6M	$32.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.2	+0.011%	$282.5M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.3	+0.020%	$32.1M	$101.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.2	+0.013%	$82.6M	$824.3M	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	1,774.2	+0.069%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.9	−0.005%	$178.2M	$229.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.2	+0.014%	$43.7M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.237%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.237%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.2	+0.295%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.1	+0.063%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	−0.057%	$822	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.9	+0.054%	$51K	$346K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,772.6	−0.021%	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,773.6	+0.036%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,778.4	+0.304%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.5	+0.083%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.1	+0.066%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773	−0.001%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.522%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	+0.160%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.7	−0.074%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.6	+0.036%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.010%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.2	+0.013%	$117.0M	$151.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	+0.013%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	+0.054%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774	+0.058%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.6	+0.033%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	+0.007%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.426%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.5	+0.028%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774	+0.059%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.316%	$565K	$351K	10x	as long as short