Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex−0.039%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.039%, 7d avg −0.028%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,762.4	0	get 0.0000% / 8h	3m 28s	$2.8M	$1.1M	50x
Short	HTX SNDK-USDT	1,761.7	0	get 0.0000% / 8h	3m 28s	$1.4M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.028%: −$1.01
Slippage, 4 orders: −$49.95
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.96
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 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 Phemex live order book, 5 min ago	2.02 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.03 bp	6.4 bp −$6	8.4 bp −$84	14.3 bp −$1,435	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	−0.0243%	8h	1,762.8	+0.024%	$50.0M	$166.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.7	−0.041%	$4.0M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0039%	1h	1,762.2	−0.010%	$51K	$356K	10x	as long as short
Nado SNDK-PERP	−0.0004%	1h	1,762.8	+0.026%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0002%	8h	1,761.7	−0.039%	$6.0M	$22.6M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762.8	+0.021%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.022%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.5	+0.009%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.8	+0.024%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.4	+0.001%	$82.4M	$833.1M	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	1,763.4	+0.059%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.5	+0.006%	$179.0M	$229.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.075%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761	−0.076%	$20K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.6	−0.044%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.6	+0.012%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.9	−0.026%	$722	$3.4M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,761.7	−0.039%	$1.4M	$10.5M	50x
Phemex SNDKUSDTlong	0.0000%	8h	1,762.4	long leg	$2.8M	$1.1M	50x
Vest SNDK-USD-PERP	+0.0014%	1h	1,760.5	−0.108%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,762.5	+0.010%	$673	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.9	+0.027%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	−0.040%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.132%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,763.4	+0.060%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.100%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.9	+0.030%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	+0.012%	$120.0M	$157.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.6	−0.044%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.5	−0.050%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.8	−0.034%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.3	−0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.6	+0.012%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762	−0.020%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.4	+0.001%	$198K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.2	−0.068%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.8	−0.031%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762	−0.023%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.7	+0.020%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0436%	4h	1,760.7	−0.098%	$559K	$351K	10x	as long as short