Settings8H · net · $10k
Funding arb · Price arb /

SNDK

RWAall SNDK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.073%
Price spread now: ApeX Omni against BloFin+0.050%103s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.050%, 7d avg +0.021%
Together, before fees+0.062%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.029% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SNDK-USDT1,767.5−0.0120get 0.0120% / 8h2h 07m$3.9M$4.5M75x
ShortApeX Omni SNDKUSDT1,768.40.0100get 0.0013% / 1h7m 40s$68K$271K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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

Funding earned
$46.2
Price spread: +0.050% → +0.021%
$2.92
Slippage, 4 orders
−$16.58
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$10.54
Costs to cover
0.386%
Break-even
5.4 days
Slippage from BloFin: live order book, 6 min ago; ApeX Omni: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago0.09 bp6.5 bp −$66.9 bp −$69doesn't fitdoesn't fit
Sell ApeX Omni live order book, 39 min ago7.99 bp13.0 bp −$1336.0 bp −$360doesn't fitdoesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNDKUSDT−0.0273%8h1,768.9+0.076%$47.2M$164.9M75xas long as short
BloFin SNDK-USDTlong−0.0120%8h1,767.5long leg$3.9M$4.5M75x
KuCoin SNDKUSDTM−0.0027%8h1,768.3+0.042%$6.1M$22.2M20xas long as short
QFEX SNDK-USD−0.0004%1h1,768.7+0.065%$1.4M$10.6M10xas long as short
Aster SNDKUSD10.0000%8h1,769.3+0.104%$21.6M$33.4M20xas long as short
Binance SNDKUSDT0.0000%8h1,769.1+0.088%$280.8M$1.85B75xas long as short
Bybit SNDKUSDT0.0000%8h1,769.3+0.099%$31.8M$103.3M100xas long as short
OKX SNDK-USDT-SWAP0.0000%8h1,769.3+0.102%$82.4M$835.1M75xas long as short
RISEx SNDK/USDC0.0000%1h1,769.9+0.138%$122K$1.6M20xas long as short
Gate SNDK_USDT0.0000%8h1,768.8+0.076%$176.9M$231.9M75xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SNDK0.0000%8h1,767.4−0.007%$2.5M$4.7Mas long as short
GRVT SNDK_USDT_Perp0.0000%8h1,767.9+0.021%$16K$1.8M10xas long as short
Phoenix SNDK0.0000%1h1,767.4−0.006%$275K$193K15xas long as short
Bullet SNDK-USD0.0000%1h1,767.9+0.023%$14K$288K10xas long as short
SunX SNDK-USDT0.0000%8h1,767.7+0.013%$790$3.5M20xas long as short
Deribit SNDK_USDC-PERPETUAL0.0000%1h1,768.1+0.031%$51K$349K10xas long as short
HTX SNDK-USDT0.0000%8h1,767.9+0.020%$1.4M$10.6M50xas long as short
Phemex SNDKUSDT0.0000%8h1,768+0.026%$2.8M$1.1M50xas long as short
Nado SNDK-PERP+0.0009%1h1,768.1+0.035%$329K$1.5M10xas long as short
Vest SNDK-USD-PERP+0.0014%1h1,766.3−0.071%$581K10xas long as short
Aftermath Perps SNDKUSD+0.0014%1h1,766.3−0.071%$695$37K5xas long as short
Pacifica SNDK+0.0024%1h1,768.8+0.074%$197K$303K10xas long as short
Lighter RH SNDK+0.0032%1h1,769.2+0.094%$1.3M$9.5M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,768.7+0.067%$447K$2.0M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+1.836%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,766.3−0.070%$262K$1.4M10xas long as short
Popdex SNDKUSDT+0.0048%1h1,769.2+0.096%$243K$666K20xas long as short
tradeXYZ xyz:SNDK+0.0050%1h1,768.8+0.074%$119.1M$157.9M10xas long as short
Entropy io:SNDK+0.0050%1h1,767.2−0.017%$4.7M$19.8M10xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,767−0.028%$185K$131K10xas long as short
Paradex SNDK-USD-PERP+0.0050%8h1,768.6+0.065%5xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,767.8+0.017%$1.4M$5.1M5xas long as short
Coinbase International SNDK-PERP-INTX+0.0072%1h1,770.1+0.149%$437K$2.3M10xas long as short
Lighter SNDK+0.0080%1h1,770+0.139%$1.8M$16.4M20xas long as short
Aevo SNDK-PERP+0.0080%1h1,767.6+0.008%$1K10xas long as short
SoDEX SNDK-USD+0.0083%1h1,768.1+0.036%$723K$520K10xas long as short
ApeX Omni SNDKUSDTshort+0.0100%1h1,768.4+0.050%$68K$271K50x
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,767.6+0.007%$8K$3K20xas long as short
Kraken Futures PF_SNDKUSD+0.0121%1h1,768.5+0.058%$127K$347K20xas long as short
edgeX SNDKUSDC+0.0984%4h1,766.9−0.032%$561K$351K10xas long as short