Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0409%/8h= −44.7% APRpaid last 24h −0.015%

Price spread now: HTX against SoDEX+0.071%7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.071%, 7d avg −0.005%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.076% dearer against SoDEX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.005%): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 4 days (−0.061% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.061% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SNDK-USD	1,748.7	0.0050	pay 0.0006% / 1h	34m 16s	$715K	$521K	10x
Short	HTX SNDK-USDT	1,750	−0.0359	pay 0.0359% / 8h	7h 34m	$1.4M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$85.81
Price spread: +0.071% → −0.005%: $7.59
Slippage, 4 orders: −$11.22
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$109.45
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from SoDEX: live order book, 64 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 SoDEX live order book, 64 min ago	0.03 bp	7.8 bp −$8	40.9 bp −$409	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.71 bp	7.3 bp −$7	8.1 bp −$81	12.9 bp −$1,285	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
GRVT SNDK_USDT_Perp	−0.0845%	8h	1,750.4	+0.096%	$21K	$2.2M	10x	as long as short
HTX SNDK-USDTshort	−0.0359%	8h	1,750	+0.071%	$1.4M	$10.6M	50x
Bitget SNDKUSDT	−0.0245%	8h	1,749	+0.016%	$49.3M	$167.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,749.5	+0.042%	$4.0M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0075%	1h	1,749.8	+0.064%	$332K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,748.5	−0.013%	$6.0M	$22.5M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,747	−0.100%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,750.6	+0.107%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,749.4	+0.035%	$279.7M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,749.3	+0.033%	$31.6M	$104.3M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,749.2	+0.027%	$81.8M	$822.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,748.5	−0.014%	$135K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,748.4	−0.021%	$178.4M	$218.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,748.8	+0.006%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,751.1	+0.136%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,747.6	−0.065%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,747.8	−0.055%	$790	$3.3M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,751.1	+0.135%	$50K	$360K	10x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,750.3	+0.089%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0006%	1h	1,745.4	−0.189%	—	$577K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,751.5	+0.157%	$727	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,749.8	+0.061%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,749.3	+0.033%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,749.6	+0.051%	$442K	$2.0M	10x	as long as short
Entropy io:SNDK	+0.0032%	1h	1,750	+0.073%	$4.5M	$19.5M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.930%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,746.4	−0.132%	$249K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,748.9	+0.009%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,747	−0.099%	$240K	$630K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,746.5	−0.128%	$118.3M	$158.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,746.5	−0.128%	$183K	$127K	10x	as long as short
SoDEX SNDK-USDlong	+0.0050%	1h	1,748.7	long leg	$715K	$521K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,749.3	+0.033%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,747.4	−0.074%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,748.7	−0.004%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,751.6	+0.163%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,749.5	+0.045%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,749.6	+0.051%	$425K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0127%	4h	1,751.2	+0.141%	$556K	$350K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0286%	1h	1,749	+0.015%	$127K	$344K	20x	as long as short