Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.037%

Price spread now: ApeX Omni against Binance−0.394%7-day average +0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 2 days (all we have)+0.416%+$42 · spread now −0.394%, 7d avg +0.035%

Together, before fees+0.437%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.429% cheaper against Binance than usual: you would sell low and buy high (spread −0.394% now, against its 7-day average of +0.035%). If the spread goes back, that is −$43 on $10k: about 14 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.022% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,790.8	0	get 0.0000% / 8h	7h 28m	$286.3M	$1.84B	75x
Short	ApeX Omni SNDKUSDT	1,783.7	0.0100	get 0.0013% / 1h	28m 51s	$69K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.394%Rate

Funding earned: $21
Price spread: −0.394% → +0.035%: −$42.88
Slippage, 4 orders: −$17.62
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$59.5
Costs to cover: 0.376%
Break-even: 26.8 days

Slippage from Binance: live order book, 15 min ago; ApeX Omni: live order book, 43 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 Binance live order book, 15 min ago	0.03 bp	5.9 bp −$6	6.7 bp −$67	14.2 bp −$1,417	doesn't fit
Sell ApeX Omni live order book, 43 min ago	7.91 bp	13.0 bp −$13	46.8 bp −$468	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	1,790.4	−0.025%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.5	+0.038%	$21.8M	$44.3M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,790.8	long leg	$286.3M	$1.84B	75x
Bybit SNDKUSDT	0.0000%	8h	1,791.5	+0.037%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.3	+0.028%	$86.4M	$836.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.9	+0.006%	$183.0M	$234.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.9	+0.004%	$47.6M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,786.6	−0.233%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787	−0.214%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,787.7	−0.173%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,789.2	−0.089%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.7	−0.119%	$873	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.7	−0.059%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.6	−0.069%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.2	−0.033%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,788.6	−0.122%	$2.1M	$19.9M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,789.7	−0.061%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,788.5	−0.129%	$346K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,786.5	−0.240%	$715	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.1	+0.017%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.3	−0.025%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791	+0.011%	$439K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.512%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.9	−0.276%	$303K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.7	−0.173%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,788.4	−0.133%	$245K	$647K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.7	−0.005%	$115.1M	$148.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.4	−0.245%	$4.9M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.5	−0.128%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.9	−0.107%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787	−0.212%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.3	−0.085%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.8	−0.167%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,790.2	−0.034%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,783.7	−0.394%	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.8	−0.110%	$8K	$3K	20x	as long as short
SoDEX SNDK-USD	+0.0103%	1h	1,787.8	−0.165%	$731K	$515K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,787.7	−0.170%	$441K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.7	−0.061%	$130K	$379K	20x	as long as short
edgeX SNDKUSDC	+0.0988%	4h	1,786.5	−0.242%	$567K	$355K	10x	as long as short