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 SunX−0.049%73s7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$900.895% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.049%, 7d avg +0.063%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.112% cheaper against SunX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.063%). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day). The two prices were read 73 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	SunX SNDK-USDT	1,783.9	0	get 0.0000% / 8h	6h 34m	$772	$3.7M	20x
Short	ApeX Omni SNDKUSDT	1,783	0.0100	get 0.0013% / 1h	34m 13s	$69K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.049%Rate

Funding earned: $21
Price spread: −0.049% → +0.063%: −$11.18
Slippage, 4 orders: −$71.51
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.7
Costs to cover: 0.895%
Break-even: 33.6 days

Slippage from SunX: live order book, 4 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 SunX live order book, 4 min ago	28.05 bp	32.1 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	7.70 bp	12.7 bp −$13	34.6 bp −$346	doesn't fit	doesn't fit

SNDK on 39 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
Entropy io:SNDK	−0.0057%	1h	1,784.4	+0.027%	$4.9M	$20.4M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,783.2	−0.040%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.8	−0.006%	$1.8M	$17.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,785.1	+0.064%	$360K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785	+0.060%	$21.7M	$39.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.4	+0.027%	$286.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785	+0.059%	$32.0M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.7	+0.044%	$85.6M	$830.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.5	+0.030%	$180.6M	$231.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.2	+0.015%	$44.0M	$166.1M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,783.8	−0.006%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.2	−0.042%	$15K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.2	+0.016%	$15K	$291K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,783.9	long leg	$772	$3.7M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.6	+0.036%	$51K	$329K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.6	+0.039%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,784.4	+0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.1	+0.068%	$670	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0011%	1h	1,784.2	+0.016%	$114.3M	$146.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.6	+0.092%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.9	+0.057%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.6	+0.037%	$470K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.900%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.7	−0.010%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,783.5	−0.022%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.1	+0.067%	$245K	$646K	20x	as long as short
edgeX SNDKUSDC	+0.0049%	4h	1,783.4	−0.027%	$566K	$352K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,784.4	+0.029%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784	+0.005%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.2	+0.013%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.9	−0.001%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.9	−0.002%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.4	−0.027%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.5	+0.031%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.4	+0.027%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,783	−0.049%	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.1	−0.045%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.8	+0.051%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.1	+0.065%	$171K	$1.8M	20x	as long as short