Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.043%66s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$470.474% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.043%, 7d avg +0.029%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.072% cheaper against Gate than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.029%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day). The two prices were read 66 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	Gate SNDK_USDT	1,784	0	get 0.0000% / 8h	6h 36m	$180.4M	$231.5M	75x
Short	ApeX Omni SNDKUSDT	1,783.2	0.0100	get 0.0013% / 1h	36m 14s	$69K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.043%Rate

Funding earned: $21
Price spread: −0.043% → +0.029%: −$7.19
Slippage, 4 orders: −$22.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.61
Costs to cover: 0.474%
Break-even: 18.2 days

Slippage from Gate: live order book, 3 min ago; ApeX Omni: live order book, 31 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 Gate live order book, 3 min ago	0.59 bp	12.0 bp −$12	23.3 bp −$233	41.0 bp −$4,102	63.8 bp −$31.9K
Sell ApeX Omni live order book, 31 min ago	7.70 bp	12.7 bp −$13	34.6 bp −$346	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	1,788	+0.226%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0085%	1h	1,784.1	+0.007%	$4.9M	$20.3M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,786.8	+0.159%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,782.8	−0.065%	$1.8M	$17.2M	10x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,783.5	−0.027%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.5	+0.032%	$21.7M	$39.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.1	+0.007%	$286.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.4	+0.023%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.5	+0.030%	$85.6M	$830.3M	75x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,784	long leg	$180.4M	$231.5M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,783.9	−0.006%	$43.9M	$167.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.010%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.045%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.7	−0.013%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.5	−0.141%	$771	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,783.8	−0.010%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.1	+0.009%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.5	+0.030%	$2.8M	$1.1M	50x	as long as short
tradeXYZ xyz:SNDK	+0.0005%	1h	1,783.8	−0.010%	$114.2M	$146.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.7	+0.096%	$670	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.8	+0.044%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.3	+0.018%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.3	+0.020%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.896%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.021%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.2	−0.045%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.9	−0.004%	$245K	$645K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.030%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,782.6	−0.078%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783.7	−0.015%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.6	−0.018%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	+0.018%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.5	−0.026%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.030%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.6	−0.077%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.3	+0.020%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,783.2	−0.043%	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783	−0.052%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.6	+0.036%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.1	+0.005%	$171K	$1.8M	20x	as long as short