Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.073%

Price spread now: ApeX Omni against BloFin+0.017%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.017%, 7d avg +0.021%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SNDK-USDT	1,768.1	−0.0120	get 0.0120% / 8h	2h 07m	$3.9M	$4.5M	75x
Short	ApeX Omni SNDKUSDT	1,768.4	0.0100	get 0.0013% / 1h	7m 06s	$68K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.017%Rate

Funding earned: $46.2
Price spread: +0.017% → +0.021%: −$0.36
Slippage, 4 orders: −$16.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $7.26
Costs to cover: 0.386%
Break-even: 5.9 days

Slippage from BloFin: live order book, 6 min ago; ApeX Omni: live order book, 40 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 BloFin live order book, 6 min ago	0.09 bp	6.5 bp −$6	6.9 bp −$69	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 40 min ago	7.99 bp	13.0 bp −$13	36.0 bp −$360	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
Bitget SNDKUSDT	−0.0273%	8h	1,768.4	+0.016%	$47.2M	$165.0M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,768.1	long leg	$3.9M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0027%	8h	1,768.1	+0.003%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,768.7	+0.032%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.7	+0.037%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.4	+0.016%	$280.5M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.4	+0.020%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.3	+0.012%	$82.3M	$834.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.9	+0.105%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.2	+0.005%	$176.9M	$232.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.040%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.012%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.038%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769	+0.052%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.8	−0.016%	$790	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.7	+0.033%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.9	−0.013%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.3	+0.010%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0010%	1h	1,769.1	+0.055%	$329K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,766.5	−0.088%	$695	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,766.9	−0.065%	—	$581K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768.8	+0.041%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.3	+0.012%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.2	+0.007%	$447K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.803%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766.3	−0.103%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.2	+0.063%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.4	+0.018%	$119.1M	$158.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.2	−0.050%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.2	+0.007%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.6	+0.032%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.8	−0.016%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.116%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.7	+0.089%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.2	+0.007%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0094%	1h	1,768.6	+0.029%	$723K	$520K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,768.4	+0.017%	$68K	$271K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.1	−0.002%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.3	+0.069%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.065%	$561K	$351K	10x	as long as short