Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Bybit against ApeX Omni+0.005%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.005%, 7d avg −0.008%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,751.5	0.0100	pay 0.0013% / 1h	37m 16s	$67K	$270K	50x
Short	Bybit SNDKUSDT	1,751.6	0	get 0.0000% / 8h	7h 37m	$31.6M	$104.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$21
Price spread: +0.005% → −0.008%: $1.26
Slippage, 4 orders: −$23.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.99
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 60 min ago; Bybit: live order book, 2 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, 60 min ago	8.20 bp	14.2 bp −$14	36.6 bp −$366	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.91 bp	8.0 bp −$8	11.9 bp −$119	31.5 bp −$3,148	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
GRVT SNDK_USDT_Perp	−0.0845%	8h	1,750.4	−0.061%	$21K	$2.2M	10x	as long as short
HTX SNDK-USDT	−0.0543%	8h	1,751.1	−0.021%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0247%	8h	1,751.6	+0.005%	$49.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,751	−0.028%	$4.0M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0083%	1h	1,752.2	+0.039%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0040%	8h	1,751.2	−0.014%	$6.0M	$22.5M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,752.2	+0.042%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,751.9	+0.026%	$21.4M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,751.2	−0.018%	$280.0M	$1.85B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,751.6	+0.005%	$31.6M	$104.1M	100x

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	1,751.4	−0.005%	$82.4M	$821.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,752	+0.028%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,751.7	+0.014%	$178.7M	$217.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,752.6	+0.065%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,751.1	−0.022%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,752.1	+0.035%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,752.3	+0.047%	$918	$3.3M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,751.7	+0.011%	$50K	$360K	10x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,751	−0.029%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0006%	1h	1,748.9	−0.147%	—	$570K	10x	as long as short
Entropy io:SNDK	+0.0008%	1h	1,752.6	+0.064%	$4.5M	$19.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,753.4	+0.111%	$728	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,751.5	+0.003%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,751.2	−0.017%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,750.8	−0.042%	$448K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.768%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,751.3	−0.013%	$256K	$1.4M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,751.6	+0.006%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,752.4	+0.053%	$241K	$630K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,752.3	+0.047%	$118.7M	$158.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,752.3	+0.047%	$184K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,751	−0.030%	$716K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,750.1	−0.079%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,751.6	+0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.1	+0.035%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,751.5	long leg	$67K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,751	−0.029%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,751.3	−0.010%	$425K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0127%	4h	1,751.2	−0.017%	$556K	$350K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,752.2	+0.040%	$128K	$344K	20x	as long as short