Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.070%

Price spread now: Kraken Futures against HTX+0.134%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.785%+$78 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.134%, 7d avg +0.022%

Together, before fees+0.628%+$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures 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 +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,779	0	get 0.0000% / 8h	3h 42m	$1.4M	$10.7M	50x
Short	Kraken Futures PF_SNDKUSD	1,781.4	0.0121	get 0.0015% / 1h	42m 12s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.134%Rate

Funding earned: $25.51
Price spread: +0.134% → +0.022%: $11.21
Slippage, 4 orders: −$23.22
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$8.51
Costs to cover: 0.452%
Break-even: 9.3 days

Slippage from HTX: live order book, 2 min ago; Kraken Futures: live order book, 11 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, 2 min ago	0.03 bp	6.4 bp −$6	9.0 bp −$90	16.6 bp −$1,658	doesn't fit
Sell Kraken Futures live order book, 11 min ago	2.52 bp	12.2 bp −$12	37.8 bp −$378	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	1,779.6	+0.034%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0110%	1h	1,780.5	+0.087%	$4.8M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,780.7	+0.099%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0041%	1h	1,779.8	+0.047%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.7	+0.041%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.070%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.7	+0.153%	$21.8M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,780.8	+0.103%	$283.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,781.1	+0.123%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,780.9	+0.109%	$83.5M	$824.8M	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	1,780.1	+0.066%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,780.6	+0.093%	$179.4M	$229.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,780.7	+0.099%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.183%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.080%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.182%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,780.9	+0.109%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.3	+0.020%	$737	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.2	+0.124%	$51K	$346K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,779	long leg	$1.4M	$10.7M	50x
Phemex SNDKUSDT	0.0000%	8h	1,780.8	+0.106%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.5	+0.144%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,781.4	+0.134%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,781	+0.112%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,780.5	+0.086%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.180%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	+0.173%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,779.8	+0.047%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.5	−0.026%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.7	+0.098%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.1	+0.008%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,780.8	+0.103%	$117.6M	$150.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,780.5	+0.087%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	+0.042%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.015%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.4	+0.080%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.8	+0.049%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	+0.094%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.1	+0.065%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0121%	1h	1,781.4	+0.134%	$130K	$352K	20x