Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: Aster against ApeX Omni+0.105%99s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$410.410% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.105%, 7d avg −0.020%

Together, before fees−0.175%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.125% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.020%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days. The two prices were read 99 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	ApeX Omni SNDKUSDT	1,788.1	0.0100	pay 0.0013% / 1h	41m 55s	$69K	$270K	50x
Short	Aster SNDKUSD1	1,789.9	0	get 0.0000% / 8h	4h 41m	$21.8M	$37.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$21
Price spread: +0.105% → −0.020%: $12.49
Slippage, 4 orders: −$22.99
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.5
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 15 min ago; Aster: live order book, 2 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 ApeX Omni live order book, 15 min ago	7.71 bp	12.7 bp −$13	36.3 bp −$363	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.59 bp	6.2 bp −$6	11.0 bp −$110	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	1,789.3	+0.070%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0111%	1h	1,788.9	+0.048%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.4	+0.132%	$310K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,788.5	+0.025%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.2	+0.065%	$1.5M	$13.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.131%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,789.9	+0.105%	$21.8M	$37.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,789.9	+0.104%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.6	+0.145%	$32.5M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.9	+0.103%	$84.6M	$825.7M	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	1,790.4	+0.130%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.7	+0.093%	$180.1M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.7	+0.091%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.3	−0.043%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.7	−0.022%	$12K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.7	+0.092%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.6	+0.030%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.9	+0.101%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	+0.053%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.6	+0.087%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	+0.078%	$666	$37K	5x	as long as short
KuCoin SNDKUSDTM	+0.0019%	8h	1,789	+0.053%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.4	+0.133%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.106%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.9	+0.106%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.666%	$36	$9K	12x	as long as short
tradeXYZ xyz:SNDK	+0.0035%	1h	1,789.9	+0.103%	$115.1M	$146.3M	10x	as long as short
Popdex SNDKUSDT	+0.0040%	1h	1,789.4	+0.076%	$246K	$647K	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.067%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.3	+0.123%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	+0.080%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.6	+0.084%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	+0.064%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.2	+0.062%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788	−0.003%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.1	+0.059%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.4	+0.077%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,788.1	long leg	$69K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.6	+0.032%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0668%	4h	1,786.9	−0.062%	$568K	$353K	10x	as long as short