Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —

Price spread now: ApeX Omni against Paradex−0.055%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.055% cheaper against Paradex than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.7 days of funding at the current rate (+$2 a day). The two prices were read 50 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	Paradex SNDK-USD-PERP	1,766.9	0.0050	pay 0.0050% / 8h	3h 04m	—	—	5x
Short	ApeX Omni SNDKUSDT	1,765.9	0.0100	get 0.0013% / 1h	4m 20s	$68K	$271K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.055%Rate

Funding earned: $10.5
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.99
Costs to cover: 0.140%
Break-even: 13.0 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 48 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 48 min ago	7.74 bp	12.8 bp −$13	35.1 bp −$351	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,766.5	−0.022%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,767.1	+0.011%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0029%	1h	1,766.4	−0.027%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,766.9	+0.002%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,766.8	−0.003%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,767.8	+0.054%	$340K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.6	+0.096%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.1	+0.071%	$280.4M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.4	+0.088%	$31.8M	$102.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.9	+0.058%	$82.0M	$828.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,768.4	+0.084%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.8	+0.054%	$177.4M	$231.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,768.2	+0.072%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.052%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.5	−0.081%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	+0.041%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768	+0.064%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.9	−0.054%	$720	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,766.4	−0.026%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.5	−0.023%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.149%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,767.8	+0.050%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0022%	1h	1,764.3	−0.147%	—	$591K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,767.5	+0.032%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766.8	−0.007%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,766.6	−0.017%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.872%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.056%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,767.5	+0.035%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERPlong	+0.0050%	8h	1,766.9	long leg	—	—	5x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.1	+0.069%	$117.2M	$153.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.3	+0.024%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.2	−0.040%	$722K	$514K	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0050%	1h	1,766.6	−0.015%	$51K	$346K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.9	+0.001%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	+0.056%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767	+0.007%	$197K	$296K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,765.9	−0.055%	$68K	$271K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.1	+0.014%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,766.9	−0.002%	$128K	$355K	20x	as long as short