Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.038%

Price spread now: ApeX Omni against OKX−0.069%70s7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$390.388% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.069%, 7d avg +0.033%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.102% cheaper against OKX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.033%). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day). The two prices were read 70 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	OKX SNDK-USDT-SWAP	1,762.4	0	get 0.0000% / 8h	4m 20s	$82.4M	$833.3M	75x
Short	ApeX Omni SNDKUSDT	1,761.2	0.0100	get 0.0013% / 1h	4m 20s	$68K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.069%Rate

Funding earned: $21
Price spread: −0.069% → +0.033%: −$10.2
Slippage, 4 orders: −$18.8
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28
Costs to cover: 0.388%
Break-even: 16.3 days

Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 33 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 OKX live order book, 5 min ago	0.28 bp	5.3 bp −$5	5.8 bp −$58	12.1 bp −$1,214	73.6 bp −$36.8K
Sell ApeX Omni live order book, 33 min ago	8.20 bp	14.1 bp −$14	40.8 bp −$408	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
Bitget SNDKUSDT	−0.0246%	8h	1,762.4	0.000%	$50.0M	$166.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.7	−0.043%	$4.0M	$4.6M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0051%	1h	1,762	−0.025%	$51K	$356K	10x	as long as short
Nado SNDK-PERP	−0.0004%	1h	1,762.6	+0.009%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0003%	8h	1,761.4	−0.059%	$6.0M	$22.5M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.7	−0.038%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.2	−0.011%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.2	−0.011%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.4	+0.002%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,762.4	long leg	$82.4M	$833.3M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,763	+0.036%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.3	−0.004%	$179.0M	$229.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.076%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761	−0.077%	$20K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.4	−0.057%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.9	−0.028%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	−0.033%	$759	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.3	−0.060%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.7	−0.041%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,759.8	−0.150%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,762.2	−0.009%	$673	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.8	+0.020%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.2	−0.014%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	−0.041%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.131%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.3	−0.121%	$256K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.4	0.000%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	+0.011%	$120.0M	$157.6M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.2	−0.068%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.2	−0.068%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.5	−0.049%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.6	−0.043%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.6	−0.045%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762	−0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	−0.032%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,761.2	−0.069%	$68K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.8	−0.032%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762	−0.024%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.3	−0.004%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0436%	4h	1,760.7	−0.099%	$559K	$351K	10x	as long as short