Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.054%

Price spread now: ApeX Omni against HTX+0.047%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on HTX Short on ApeX Omni

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)+0.091%+$9 · spread now +0.047%, 7d avg +0.045%

Together, before fees+0.264%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,768.6	0	get 0.0000% / 8h	2h 00m	$1.5M	$11.1M	50x
Short	ApeX Omni SNDKUSDT	1,769.5	0.0100	get 0.0013% / 1h	0m 46s	$68K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $21
Price spread: +0.047% → +0.045%: $0.23
Slippage, 4 orders: −$20.15
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.92
Costs to cover: 0.421%
Break-even: 14.0 days

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 21 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 HTX live order book, 3 min ago	0.03 bp	6.6 bp −$7	9.1 bp −$91	18.6 bp −$1,861	doesn't fit
Sell ApeX Omni live order book, 21 min ago	7.97 bp	13.0 bp −$13	36.3 bp −$363	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	1,768.5	−0.010%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.5	−0.011%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.6	−0.002%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,768.3	−0.018%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.1	+0.027%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.6	−0.003%	$286.6M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769	+0.018%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.5	+0.049%	$87.7M	$846.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.8	+0.063%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.5	−0.007%	$183.4M	$245.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,769.5	+0.048%	$49.6M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769	+0.021%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.8	+0.008%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.8	+0.008%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.2	−0.024%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.3	+0.038%	$49K	$233K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,768.6	long leg	$1.5M	$11.1M	50x
Phemex SNDKUSDT	0.0000%	8h	1,768.4	−0.016%	$2.8M	$951K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,769.5	+0.047%	$681	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.3	+0.038%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.9	+0.013%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.6	−0.001%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.771%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.4	+0.044%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.7	−0.051%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.7	+0.003%	$244K	$679K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.6	−0.002%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,768.6	−0.002%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.6	−0.002%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,768.6	−0.003%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769	+0.020%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,768.6	−0.004%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.2	+0.029%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0076%	1h	1,768.7	+0.001%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.8	+0.011%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.9	+0.014%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.6	0.000%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,769.5	+0.047%	$68K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.1	−0.033%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0228%	4h	1,768.8	+0.011%	$562K	$355K	10x	as long as short