Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: HTX against Phoenix+0.231%72s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.388% of the position

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.265%−$27 · spread now +0.231%, 7d avg −0.032%

Together, before fees−0.231%−$23 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: HTX is 0.263% dearer against Phoenix than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,786.1	0	get 0.0000% / 1h	45m 39s	$278K	$195K	15x
Short	HTX SNDK-USDT	1,790.2	0	get 0.0000% / 8h	7h 45m	$1.5M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phoenix. 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 PhoenixbpFee HTXbpOrdersPrice spread, now +0.231%Rate

Funding earned: $0
Price spread: +0.231% → −0.032%: $26.27
Slippage, 4 orders: −$19.79
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.52
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Phoenix: live order book, 24 min ago; HTX: live order book, 3 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 Phoenix live order book, 24 min ago	2.82 bp	10.2 bp −$10	21.2 bp −$212	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	0.03 bp	6.9 bp −$7	9.9 bp −$99	16.4 bp −$1,642	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	1,791	+0.274%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0007%	1h	1,789.9	+0.213%	$50K	$311K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788	+0.104%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.4	+0.130%	$285.3M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789	+0.160%	$32.2M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.7	+0.146%	$86.1M	$839.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.4	+0.131%	$183.3M	$233.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.3	+0.124%	$48.1M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.6	+0.252%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.028%	$9K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDKlong	0.0000%	1h	1,786.1	long leg	$278K	$195K	15x
SunX SNDK-USDT	0.0000%	8h	1,788.9	+0.158%	$737	$3.8M	20x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,790.2	+0.231%	$1.5M	$10.9M	50x
Phemex SNDKUSDT	0.0000%	8h	1,790	+0.218%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791	+0.273%	$2.1M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.6	+0.141%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,785.7	−0.024%	$823	$37K	5x	as long as short
Bullet SNDK-USD	+0.0015%	1h	1,789.6	+0.196%	$14K	$291K	10x	as long as short
Nado SNDK-PERP	+0.0025%	1h	1,792.1	+0.337%	$350K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.7	+0.200%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.1	+0.166%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.7	+0.143%	$428K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.776%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.2	+0.062%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.8	+0.264%	—	$648K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.9	+0.269%	$247K	$657K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.1	0.000%	$4.8M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.9	+0.269%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789	+0.163%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	+0.224%	$1.4M	$4.9M	5x	as long as short
tradeXYZ xyz:SNDK	+0.0059%	1h	1,788.6	+0.140%	$115.1M	$150.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	+0.194%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.3	+0.123%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.4	+0.129%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	+0.050%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.2	+0.118%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790.8	+0.265%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.036%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.6	+0.252%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0788%	1h	1,789.7	+0.203%	$732K	$515K	10x	as long as short