Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.012%

Price spread now: Coinbase International against HTX+0.146%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.146%, 7d avg +0.034%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.112% dearer against HTX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,757.1	0	get 0.0000% / 8h	58m 14s	$1.4M	$10.6M	50x
Short	Coinbase International SNDK-PERP-INTX	1,759.6	0.0112	get 0.0014% / 1h	58m 14s	$431K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.146%Rate

Funding earned: $23.52
Price spread: +0.146% → +0.034%: $11.16
Slippage, 4 orders: −$8.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.84
Costs to cover: 0.308%
Break-even: 5.9 days

Slippage from HTX: live order book, 1 min ago; Coinbase International: live order book, 6 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	9.0 bp −$9	11.5 bp −$115	18.5 bp −$1,854	doesn't fit
Sell Coinbase International live order book, 6 min ago	1.53 bp	7.2 bp −$7	10.6 bp −$106	34.9 bp −$3,488	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	−0.0284%	8h	1,758.6	+0.087%	$48.3M	$167.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.2	+0.124%	$3.9M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0063%	1h	1,757.8	+0.039%	$51K	$351K	10x	as long as short
Nado SNDK-PERP	−0.0045%	1h	1,759.4	+0.131%	$327K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0007%	8h	1,758.5	+0.080%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,758.1	+0.059%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.5	+0.141%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.7	+0.090%	$278.7M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.8	+0.096%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.6	+0.087%	$82.2M	$834.3M	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	1,759.2	+0.120%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,758.5	+0.083%	$177.3M	$227.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,759.8	+0.155%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.9	+0.160%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	+0.224%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758	+0.053%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.1	+0.117%	$909	$3.5M	20x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,757.1	long leg	$1.4M	$10.6M	50x
Phemex SNDKUSDT	0.0000%	8h	1,758.1	+0.056%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,760.3	+0.184%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,756.3	−0.047%	—	$579K	10x	as long as short
Polymarket Perps SNDK-USD	+0.0031%	1h	1,757.2	+0.007%	$185K	$130K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.5	+0.083%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.3	+0.067%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.441%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,758.7	+0.092%	$1.7M	$16.2M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.3	+0.126%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,758.2	+0.064%	$242K	$654K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.5	+0.081%	$118.7M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.9	+0.161%	$4.6M	$19.6M	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,757.7	+0.033%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.7	+0.094%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759	+0.110%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,757.4	+0.016%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.7	+0.094%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.6	+0.203%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,757.2	+0.008%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0112%	1h	1,759.6	+0.146%	$431K	$2.2M	10x
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.1	+0.057%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0347%	4h	1,759.9	+0.161%	$559K	$353K	10x	as long as short