Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX−0.143%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)+0.240%+$24 · spread now −0.143%, 7d avg +0.042%

Together, before fees+0.413%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.185% cheaper against HTX than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of +0.042%). If the spread goes back, that is −$18 on $10k: about 6.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,789.6	0	get 0.0000% / 8h	7h 47m	$1.5M	$10.9M	50x
Short	ApeX Omni SNDKUSDT	1,787	0.0100	get 0.0013% / 1h	47m 13s	$69K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.143%Rate

Funding earned: $21
Price spread: −0.143% → +0.042%: −$18.5
Slippage, 4 orders: −$23.02
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.52
Costs to cover: 0.450%
Break-even: 21.2 days

Slippage from HTX: live order book, 2 min ago; ApeX Omni: live order book, 25 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 HTX live order book, 2 min ago	0.03 bp	11.4 bp −$11	12.8 bp −$128	18.5 bp −$1,848	doesn't fit
Sell ApeX Omni live order book, 25 min ago	7.91 bp	13.0 bp −$13	46.8 bp −$468	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
BloFin SNDK-USDT	−0.0120%	8h	1,791	+0.080%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.8	−0.045%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.4	+0.049%	$286.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.5	+0.111%	$32.2M	$100.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791	+0.081%	$86.2M	$840.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.4	+0.047%	$183.5M	$233.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.9	+0.017%	$48.4M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.305%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.164%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.1	−0.193%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,787.8	−0.099%	$720	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.1	+0.085%	$50K	$311K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,789.6	long leg	$1.5M	$10.9M	50x
Phemex SNDKUSDT	0.0000%	8h	1,790.9	+0.076%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	+0.002%	$2.2M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.7	−0.049%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,784.3	−0.291%	$822	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.2	+0.148%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.6	+0.112%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.3	+0.096%	$421K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.582%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0036%	1h	1,790.4	+0.047%	$352K	$1.4M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	−0.261%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.020%	—	$657K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	+0.008%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785	−0.254%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	+0.014%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	+0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	−0.115%	$1.4M	$4.9M	5x	as long as short
Bullet SNDK-USD	+0.0054%	1h	1,790.5	+0.056%	$14K	$291K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	+0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.7	−0.047%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.1	−0.027%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,787	−0.143%	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	−0.073%	$8K	$3K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0114%	1h	1,790.6	+0.059%	$115.1M	$150.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,789.7	+0.006%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.229%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,790.8	+0.071%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0713%	1h	1,788.6	−0.051%	$731K	$521K	10x	as long as short