Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.024%

Price spread now: Variational Omni against Aevo−0.051%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.051% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SNDK-PERP	1,759	0.0080	pay 0.0010% / 1h	31m 17s	$1K	—	10x
Short	Variational Omni SNDK	1,758.1	0	get 0.0000% / 8h	1h 31m	$2.5M	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now −0.051%Rate

Funding earned: −$16.8
Price spread: −0.051% → 0.000%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 3 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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	2.39 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit

Aevo: 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
Bitget SNDKUSDT	−0.0369%	8h	1,759.5	+0.032%	$47.8M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	+0.032%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,758.2	−0.043%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.1	+0.008%	$1.4M	$10.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.3	+0.077%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.3	+0.021%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.4	+0.025%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.3	+0.020%	$82.2M	$834.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.2	+0.073%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.1	+0.011%	$177.2M	$230.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDKshort	0.0000%	8h	1,758.1	−0.051%	$2.5M	$4.8M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759	+0.003%	$10K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.3	−0.037%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	+0.003%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.1	−0.048%	$756	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759	+0.004%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.8	−0.010%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.6	+0.034%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.6	−0.137%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.1	+0.006%	$654	$38K	5x	as long as short
Nado SNDK-PERP	+0.0026%	1h	1,759.2	+0.016%	$327K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,760	+0.057%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.3	+0.018%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.3	+0.020%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.331%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,757.8	−0.064%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.3	+0.020%	$242K	$677K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759	+0.003%	$118.3M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,758.6	−0.020%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.2	−0.043%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.7	−0.012%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.7	−0.015%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758	−0.054%	$1.3M	$5.1M	5x	as long as short
Aevo SNDK-PERPlong	+0.0080%	1h	1,759	long leg	$1K	—	10x
Pacifica SNDK	+0.0100%	1h	1,758.9	−0.003%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760	+0.060%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.8	−0.010%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.5	−0.025%	$430K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0323%	4h	1,758.8	−0.007%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.6	+0.034%	$126K	$346K	20x	as long as short