Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against ApeX Omni−0.084%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.084%, 7d avg −0.042%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.043% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,778.2	0.0100	pay 0.0013% / 1h	14m 42s	$68K	$268K	50x
Short	HTX SNDK-USDT	1,776.7	0	get 0.0000% / 8h	14m 42s	$1.5M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$21
Price spread: −0.084% → −0.042%: −$4.28
Slippage, 4 orders: −$18.92
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$66.2
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 62 min ago; HTX: live order book, 4 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, 62 min ago	7.95 bp	12.9 bp −$13	33.8 bp −$338	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.03 bp	8.0 bp −$8	10.4 bp −$104	16.6 bp −$1,663	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	1,776.6	−0.086%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0084%	1h	1,776.3	−0.104%	$4.6M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.2	−0.053%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.7	−0.026%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,776.3	−0.103%	$283.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.6	−0.089%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,776.2	−0.110%	$86.8M	$845.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.4	−0.096%	$183.7M	$240.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,776.2	−0.111%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	−0.027%	$2.6M	$4.7M	—	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	1,777.9	−0.014%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	−0.031%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,776.7	−0.079%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,776.6	−0.088%	$846	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,776.9	−0.068%	$50K	$303K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,776.7	−0.084%	$1.5M	$11.1M	50x
Phemex SNDKUSDT	0.0000%	8h	1,776.7	−0.082%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.9	−0.015%	$672	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,777.9	−0.013%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776.5	−0.095%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776.8	−0.076%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.227%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	−0.132%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.2	−0.055%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.8	−0.076%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777	−0.065%	$113.2M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,776.3	−0.104%	$203K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,776.7	−0.083%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,776.4	−0.097%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	−0.065%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,776.4	−0.098%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.049%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.5	−0.095%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.2	−0.056%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,778.2	long leg	$68K	$268K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.6	−0.088%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,776.9	−0.070%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0165%	1h	1,776.7	−0.081%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0394%	4h	1,777.5	−0.036%	$565K	$356K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,777.3	−0.049%	$129K	$406K	20x	as long as short