Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against HTX+0.072%7-day average +0.018% · 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−$26as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.072%, 7d avg +0.018%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.054% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,788.1	0	get 0.0000% / 8h	5h 02m	$1.4M	$10.7M	50x
Short	Bullet SNDK-USD	1,789.4	0	get 0.0000% / 1h	2m 53s	$14K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against HTX. 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 HTXbpFee BulletbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.018%: $5.35
Slippage, 4 orders: −$11.3
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$25.95
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Bullet: live order book, 61 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 HTX live order book, 1 min ago	0.03 bp	6.6 bp −$7	8.6 bp −$86	14.9 bp −$1,486	doesn't fit
Sell Bullet live order book, 61 min ago	0.84 bp	8.2 bp −$8	22.2 bp −$222	doesn't fit	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	1,789.4	+0.073%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,789.9	+0.099%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0049%	1h	1,790.2	+0.116%	$360K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0047%	1h	1,789.7	+0.088%	$4.9M	$20.0M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0040%	1h	1,789.9	+0.101%	$51K	$342K	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,788.6	+0.023%	$1.5M	$14.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.6	+0.083%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.7	+0.086%	$286.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.9	+0.100%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.7	+0.088%	$84.9M	$825.2M	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	1,790.1	+0.111%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.6	+0.082%	$180.2M	$231.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.4	+0.070%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.6	+0.082%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.1	+0.111%	$19K	$1.3M	10x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,789.4	+0.072%	$14K	$291K	10x
SunX SNDK-USDT	0.0000%	8h	1,787.8	−0.021%	$720	$3.6M	20x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,788.1	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,789.6	+0.080%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.123%	$666	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0010%	1h	1,789.6	+0.082%	$114.8M	$145.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.136%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.8	+0.152%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.3	+0.122%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.1	+0.108%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.662%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	+0.025%	$313K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	+0.079%	—	$581K	10x	as long as short
KuCoin SNDKUSDTM	+0.0047%	8h	1,788.9	+0.041%	$6.1M	$22.1M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.1	+0.054%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,788.9	+0.043%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.9	+0.043%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.5	+0.074%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.8	+0.093%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,789.5	+0.079%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789	+0.048%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,788.8	+0.037%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791	+0.161%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789	+0.048%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0142%	4h	1,789.8	+0.092%	$568K	$353K	10x	as long as short