Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit−0.069%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Bybit Short on ApeX Omni

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)+0.051%+$5 · spread now −0.069%, 7d avg +0.008%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.076% cheaper against Bybit than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.008%). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.102% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,773.1	0	get 0.0000% / 8h	3h 20m	$31.9M	$102.1M	100x
Short	ApeX Omni SNDKUSDT	1,771.9	0.0100	get 0.0013% / 1h	20m 59s	$68K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.069%Rate

Funding earned: $21
Price spread: −0.069% → +0.008%: −$7.64
Slippage, 4 orders: −$20.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.36
Costs to cover: 0.417%
Break-even: 16.5 days

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 31 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 Bybit live order book, 3 min ago	0.03 bp	7.0 bp −$7	12.2 bp −$122	36.3 bp −$3,635	doesn't fit
Sell ApeX Omni live order book, 31 min ago	7.74 bp	12.8 bp −$13	35.1 bp −$351	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	1,772.9	−0.010%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0064%	1h	1,773.2	+0.005%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,772.9	−0.015%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0025%	1h	1,773.7	+0.033%	$349K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,772.9	−0.010%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.054%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	+0.040%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773	−0.007%	$281.8M	$1.82B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,773.1	long leg	$31.9M	$102.1M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773	−0.006%	$82.2M	$827.0M	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	1,773.5	+0.024%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.7	−0.026%	$176.7M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.9	−0.014%	$44.3M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.3	+0.012%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	−0.107%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	−0.153%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	+0.031%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.5	−0.035%	$711	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773	−0.005%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773	−0.005%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.7	+0.032%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.9	+0.042%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.3	+0.008%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.2	−0.052%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.514%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.8	−0.076%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.3	−0.157%	—	$579K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.2	+0.005%	$245K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.020%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.7	−0.023%	$117.3M	$152.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	+0.005%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.4	−0.041%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.2	+0.005%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.2	+0.003%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0083%	1h	1,773.7	+0.035%	$51K	$346K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.5	+0.023%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,771.9	−0.069%	$68K	$271K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.6	−0.027%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774.2	+0.059%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0143%	4h	1,770.7	−0.133%	$562K	$352K	10x	as long as short