Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni+0.167%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.167%, 7d avg −0.008%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.175% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of −0.008%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.102% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,757.4	0.0100	pay 0.0013% / 1h	59m 23s	$68K	$270K	50x
Short	Bybit SNDKUSDT	1,760.3	0	get 0.0000% / 8h	6h 59m	$32.0M	$105.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$21
Price spread: +0.167% → −0.008%: $17.48
Slippage, 4 orders: −$22.84
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.36
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; Bybit: live order book, 5 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, 33 min ago	8.37 bp	13.8 bp −$14	36.1 bp −$361	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.65 bp	7.3 bp −$7	12.7 bp −$127	32.6 bp −$3,259	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	−0.0133%	8h	1,759.7	+0.134%	$49.7M	$168.3M	75x	as long as short
Entropy io:SNDK	−0.0128%	1h	1,759.8	+0.139%	$4.5M	$19.4M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.3	+0.055%	$3.9M	$4.6M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760	+0.152%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760	+0.151%	$279.2M	$1.86B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,760.3	+0.167%	$32.0M	$105.3M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.1	+0.156%	$82.4M	$827.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,761	+0.206%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.9	+0.143%	$180.5M	$215.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.2	+0.046%	$2.6M	$4.8M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.3	+0.053%	$23K	$2.3M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,757.5	+0.008%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.5	+0.122%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.7	+0.130%	$811	$3.2M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.2	+0.161%	$51K	$358K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.5	+0.066%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.1	+0.156%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,759.7	+0.135%	$1.4M	$9.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.9	+0.087%	$673	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0021%	8h	1,758.8	+0.079%	$6.0M	$22.6M	20x	as long as short
Nado SNDK-PERP	+0.0026%	1h	1,759.3	+0.110%	$336K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.5	+0.181%	$1.7M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.7	+0.133%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.2	+0.105%	$390K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.424%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.1	+0.098%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0044%	1h	1,760.1	+0.156%	—	$573K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760	+0.150%	$242K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.2	+0.105%	$119.4M	$159.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.1	+0.099%	$186K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.8	+0.136%	$720K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.8	+0.139%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,759.4	+0.115%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.7	+0.131%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.4	+0.116%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,757.4	long leg	$68K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.6	+0.125%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,758.7	+0.077%	$440K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,760.5	+0.180%	$128K	$334K	20x	as long as short
edgeX SNDKUSDC	+0.0598%	4h	1,759.1	+0.100%	$559K	$350K	10x	as long as short