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 −0.030%

Price spread now: Bybit against ApeX Omni+0.276%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−0.279%−$28 · spread now +0.276%, 7d avg −0.006%

Together, before fees−0.381%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.283% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.276% now, against its 7-day average of −0.006%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.102% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,787	0.0100	pay 0.0013% / 1h	47m 10s	$69K	$269K	50x
Short	Bybit SNDKUSDT	1,791.9	0	get 0.0000% / 8h	7h 47m	$32.2M	$100.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.276%Rate

Funding earned: −$21
Price spread: +0.276% → −0.006%: $28.27
Slippage, 4 orders: −$20.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 25 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 25 min ago	7.91 bp	13.7 bp −$14	43.1 bp −$431	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.03 bp	7.8 bp −$8	10.4 bp −$104	35.8 bp −$3,581	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	1,791	+0.224%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.1	+0.120%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.7	+0.207%	$285.7M	$1.85B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,791.9	+0.276%	$32.2M	$100.8M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.6	+0.258%	$86.3M	$840.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.8	+0.212%	$183.6M	$233.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.6	+0.199%	$48.6M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.162%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.021%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.1	−0.050%	$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
SunX SNDK-USDT	0.0000%	8h	1,787.8	+0.044%	$720	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.1	+0.228%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.6	+0.143%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.9	+0.219%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	+0.145%	$2.2M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.7	+0.094%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,784.3	−0.148%	$822	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.2	+0.292%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.6	+0.255%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.3	+0.239%	$421K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.726%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0036%	1h	1,790.4	+0.190%	$352K	$1.4M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	−0.118%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.163%	—	$657K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	+0.152%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785	−0.111%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	+0.157%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	+0.147%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.029%	$1.4M	$4.9M	5x	as long as short
Bullet SNDK-USD	+0.0054%	1h	1,790.5	+0.199%	$14K	$291K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	+0.172%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.7	+0.096%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.5	+0.140%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,787	long leg	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	+0.071%	$8K	$3K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0104%	1h	1,791.6	+0.258%	$115.2M	$150.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,789.7	+0.149%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.086%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,790.8	+0.215%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0713%	1h	1,788.6	+0.092%	$731K	$521K	10x	as long as short