Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.031%

Price spread now: ApeX Omni against KuCoin+0.120%67s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.495% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.120%, 7d avg +0.046%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,788.9	0.0045	pay 0.0045% / 8h	5h 02m	$6.1M	$22.1M	20x
Short	ApeX Omni SNDKUSDT	1,791	0.0100	get 0.0013% / 1h	2m 20s	$69K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.120%Rate

Funding earned: $11.55
Price spread: +0.120% → +0.046%: $7.38
Slippage, 4 orders: −$27.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.55
Costs to cover: 0.495%
Break-even: 25.5 days

Slippage from KuCoin: live order book, 1 min ago; ApeX Omni: live order book, 60 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 KuCoin live order book, 1 min ago	0.87 bp	11.4 bp −$11	46.4 bp −$464	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	7.73 bp	13.2 bp −$13	34.5 bp −$345	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	1,789.4	+0.032%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,789.9	+0.059%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0050%	1h	1,790.8	+0.111%	$361K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0049%	1h	1,789.8	+0.053%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,789.2	+0.020%	$1.5M	$14.3M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0013%	1h	1,789.4	+0.032%	$51K	$342K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.5	+0.037%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.4	+0.031%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.8	+0.055%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.5	+0.036%	$84.9M	$825.1M	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	1,790.5	+0.092%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.5	+0.038%	$180.0M	$231.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.4	+0.030%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.6	+0.042%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.1	+0.070%	$19K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	+0.031%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.4	−0.027%	$721	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.1	−0.040%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.6	+0.040%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.2	+0.075%	$666	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0010%	1h	1,789.3	+0.025%	$114.8M	$145.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.176%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.6	+0.098%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.3	+0.079%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.067%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.621%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.5	−0.021%	$313K	$1.5M	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0045%	8h	1,788.9	long leg	$6.1M	$22.1M	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	+0.035%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.5	+0.036%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.8	+0.053%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789	+0.008%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.5	+0.034%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789	+0.008%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,789.5	+0.039%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789	+0.008%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,789.5	+0.036%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,791	+0.120%	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.7	−0.006%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0142%	4h	1,789.8	+0.052%	$568K	$353K	10x	as long as short