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 −0.030%

Price spread now: Gate against ApeX Omni−0.059%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on ApeX Omni Short on Gate

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)+0.222%+$22 · spread now −0.059%, 7d avg −0.032%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,759.9	0.0100	pay 0.0013% / 1h	51m 26s	$68K	$270K	50x
Short	Gate SNDK_USDT	1,758.9	0	get 0.0000% / 8h	51m 26s	$177.0M	$228.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$21
Price spread: −0.059% → −0.032%: −$2.67
Slippage, 4 orders: −$23.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.23
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; Gate: live order book, 3 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, 51 min ago	8.15 bp	13.6 bp −$14	36.2 bp −$362	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.48 bp	11.1 bp −$11	19.6 bp −$196	41.0 bp −$4,096	64.5 bp −$32.2K

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	−0.0320%	8h	1,759.2	−0.039%	$48.3M	$166.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.9	−0.057%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,759.5	−0.023%	$326K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,758.5	−0.078%	$6.0M	$22.3M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,758.7	−0.070%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.1	+0.013%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.1	−0.046%	$279.3M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.4	−0.027%	$31.7M	$103.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759	−0.051%	$82.3M	$833.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.5	−0.020%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,758.9	−0.059%	$177.0M	$228.0M	75x
Variational Omni SNDK	0.0000%	8h	1,758.5	−0.078%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	−0.064%	$21K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.5	−0.079%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.9	−0.056%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.8	−0.061%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.3	−0.090%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.9	−0.114%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.053%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,759.3	−0.034%	$740	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,756.5	−0.194%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.1	+0.013%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759	−0.051%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.7	−0.067%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.277%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.4	−0.087%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	−0.051%	$242K	$654K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.8	−0.062%	$118.8M	$159.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.1	−0.045%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.8	−0.119%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.6	−0.076%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759	−0.052%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.085%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.6	−0.074%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.1	−0.042%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,759.9	long leg	$68K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.3	−0.092%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	−0.015%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0275%	1h	1,758.7	−0.066%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0993%	4h	1,759	−0.051%	$559K	$351K	10x	as long as short