Settings8H · net · $10k
Funding arb · Price arb /

SNDK

RWAall SNDK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%
Price spread now: ApeX Omni against BloFin+0.121%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.405% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.121%, 7d avg +0.024%
Together, before fees+0.018%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.097% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SNDK-USDT1,749.5−0.0120get 0.0120% / 8h7h 35m$4.0M$4.5M75x
ShortApeX Omni SNDKUSDT1,751.60.0100get 0.0013% / 1h35m 02s$67K$270K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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

Funding earned
$46.2
Price spread: +0.121% → +0.024%
$9.75
Slippage, 4 orders
−$18.49
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$15.46
Costs to cover
0.405%
Break-even
4.7 days
Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago0.03 bp6.2 bp −$67.4 bp −$74doesn't fitdoesn't fit
Sell ApeX Omni live order book, 62 min ago8.20 bp14.1 bp −$1440.8 bp −$408doesn't fitdoesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT SNDK_USDT_Perp−0.0845%8h1,750.4+0.054%$21K$2.2M10xas long as short
HTX SNDK-USDT−0.0412%8h1,749.8+0.021%$1.4M$10.5M50xas long as short
Bitget SNDKUSDT−0.0246%8h1,749.3−0.009%$49.3M$167.0M75xas long as short
BloFin SNDK-USDTlong−0.0120%8h1,749.5long leg$4.0M$4.5M75x
Nado SNDK-PERP−0.0080%1h1,750+0.029%$329K$1.5M10xas long as short
KuCoin SNDKUSDTM−0.0042%8h1,749.8+0.018%$6.0M$22.5M20xas long as short
QFEX SNDK-USD−0.0002%1h1,750+0.033%$1.4M$9.6M10xas long as short
Aster SNDKUSD10.0000%8h1,749.9+0.026%$21.3M$32.6M20xas long as short
Binance SNDKUSDT0.0000%8h1,749.7+0.011%$279.7M$1.86B75xas long as short
Bybit SNDKUSDT0.0000%8h1,749.9+0.023%$31.6M$104.1M100xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SNDK-USDT-SWAP0.0000%8h1,749.5+0.002%$82.0M$821.6M75xas long as short
RISEx SNDK/USDC0.0000%1h1,750+0.032%$136K$1.6M20xas long as short
Gate SNDK_USDT0.0000%8h1,749.1−0.019%$178.4M$218.1M75xas long as short
Variational Omni SNDK0.0000%8h1,748.8−0.036%$2.5M$4.8Mas long as short
Phoenix SNDK0.0000%1h1,751.1+0.094%$273K$193K15xas long as short
Bullet SNDK-USD0.0000%1h1,749.8+0.022%$14K$290K10xas long as short
SunX SNDK-USDT0.0000%8h1,750.5+0.062%$942$3.3M20xas long as short
Deribit SNDK_USDC-PERPETUAL0.0000%1h1,749.7+0.011%$50K$360K10xas long as short
Phemex SNDKUSDT0.0000%8h1,749.8+0.017%$2.8M$1.1M50xas long as short
Vest SNDK-USD-PERP+0.0006%1h1,747.5−0.110%$577K10xas long as short
Aftermath Perps SNDKUSD+0.0011%1h1,752.2+0.155%$727$38K5xas long as short
Entropy io:SNDK+0.0023%1h1,750.3+0.048%$4.5M$19.4M10xas long as short
Lighter SNDK+0.0032%1h1,749.9+0.023%$1.7M$16.4M20xas long as short
Lighter RH SNDK+0.0032%1h1,749.5+0.003%$1.2M$9.4M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,749.2−0.017%$448K$2.0M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+2.887%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,748.7−0.044%$250K$1.5M10xas long as short
Paradex SNDK-USD-PERP+0.0047%8h1,748.8−0.038%5xas long as short
Popdex SNDKUSDT+0.0048%1h1,750.1+0.037%$241K$630K20xas long as short
tradeXYZ xyz:SNDK+0.0050%1h1,749.3−0.009%$118.5M$158.5M10xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,749.4−0.003%$184K$127K10xas long as short
SoDEX SNDK-USD+0.0050%1h1,749.4−0.003%$715K$521K10xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,750.7+0.071%$1.3M$5.2M5xas long as short
Aevo SNDK-PERP+0.0080%1h1,749.2−0.014%$1K10xas long as short
Pacifica SNDK+0.0100%1h1,748.9−0.030%$196K$310K10xas long as short
ApeX Omni SNDKUSDTshort+0.0100%1h1,751.6+0.121%$67K$270K50x
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,748.5−0.057%$8K$3K20xas long as short
Coinbase International SNDK-PERP-INTX+0.0112%1h1,749.2−0.017%$426K$2.1M10xas long as short
edgeX SNDKUSDC+0.0127%4h1,751.2+0.099%$556K$350K10xas long as short
Kraken Futures PF_SNDKUSD+0.0285%1h1,750+0.032%$127K$344K20xas long as short