Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni−0.055%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.055%, 7d avg −0.014%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.041% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,791.4	0.0100	pay 0.0013% / 1h	9m 21s	$69K	$270K	50x
Short	Phemex SNDKUSDT	1,790.4	0	get 0.0000% / 8h	4h 09m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$21
Price spread: −0.055% → −0.014%: −$4.12
Slippage, 4 orders: −$66.04
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$113.16
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 48 min ago; Phemex: live order book, 4 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, 48 min ago	7.71 bp	12.7 bp −$13	36.3 bp −$363	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.74 bp	27.5 bp −$27	doesn't fit	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	1,790.8	−0.032%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.6	−0.042%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0069%	1h	1,791.5	+0.008%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0047%	1h	1,790.2	−0.065%	$4.9M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.7	−0.035%	$1.4M	$13.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.2	−0.011%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0018%	8h	1,790.1	−0.073%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.2	−0.008%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.7	−0.034%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	−0.007%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.8	−0.031%	$84.0M	$827.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,792	+0.033%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.8	−0.034%	$180.4M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.7	−0.039%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	−0.066%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.6	−0.042%	$14K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.8	−0.030%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.4	−0.110%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.2	−0.010%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.8	−0.086%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,790.4	−0.055%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.5	−0.050%	$697	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.6	+0.013%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	−0.008%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	−0.037%	$451K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.480%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789	−0.130%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,791.2	−0.008%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	−0.055%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.8	−0.031%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.4	−0.053%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.1	−0.015%	$118.7M	$149.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.5	−0.048%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.6	−0.042%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,791.3	−0.003%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.6	−0.041%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.7	−0.037%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,791.4	long leg	$69K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.4	−0.056%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0687%	4h	1,790.1	−0.069%	$569K	$351K	10x	as long as short