Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate+0.114%51s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as 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−$480.479% of the position

Long on Gate Short on ApeX Omni

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)−0.108%−$11 · spread now +0.114%, 7d avg +0.032%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 51 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	Gate SNDK_USDT	1,761.9	0	get 0.0000% / 8h	1h 52m	$176.7M	$230.1M	75x
Short	ApeX Omni SNDKUSDT	1,763.9	0.0100	get 0.0013% / 1h	52m 26s	$68K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.114%Rate

Funding earned: $21
Price spread: +0.114% → +0.032%: $8.24
Slippage, 4 orders: −$22.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.64
Costs to cover: 0.479%
Break-even: 13.2 days

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 55 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 Gate live order book, 2 min ago	0.60 bp	10.8 bp −$11	17.2 bp −$172	35.7 bp −$3,573	62.2 bp −$31.1K
Sell ApeX Omni live order book, 55 min ago	7.99 bp	13.0 bp −$13	36.0 bp −$360	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	−0.0242%	8h	1,762	+0.005%	$47.3M	$165.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762	+0.005%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0016%	8h	1,762.4	+0.028%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,761.6	−0.017%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.4	+0.085%	$21.5M	$33.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.1	+0.013%	$279.9M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.6	+0.038%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.2	+0.017%	$82.3M	$833.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.1	+0.070%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,761.9	long leg	$176.7M	$230.1M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.3	−0.034%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.9	+0.003%	$12K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−0.040%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.5	−0.023%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	−0.007%	$907	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.9	+0.001%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.2	−0.096%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.1	+0.009%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.3	+0.079%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.3	−0.145%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.3	+0.023%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.5	−0.024%	$492K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.160%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762.9	+0.054%	$1.8M	$16.2M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.4	−0.031%	$255K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,762.7	+0.046%	$327K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.9	0.000%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.3	−0.034%	$118.6M	$158.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.6	+0.040%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.6	−0.074%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.9	−0.054%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.3	+0.025%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.3	−0.034%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.6	−0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.4	+0.029%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,763.9	+0.114%	$68K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	−0.023%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.245%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0309%	4h	1,761.9	+0.001%	$560K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,762.3	+0.023%	$127K	$347K	20x	as long as short