Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.016%

Price spread now: Variational Omni against Deribit−0.060%7-day average 0.000% · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.060%, 7d avg 0.000%

Together, before fees+0.158%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.060% cheaper against Deribit than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of 0.000%). If the spread goes back, that is −$6 on $10k: about 6.9 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.092% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,790.6	−0.0029	get 0.0004% / 1h	10m 51s	$51K	$342K	10x
Short	Variational Omni SNDK	1,789.5	0	get 0.0000% / 8h	5h 10m	$2.6M	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $6.12
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.9
Costs to cover: 0.070%
Break-even: 14.9 days

Slippage unknown: Deribit: live order book, 53 min ago; 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 Deribit live order book, 53 min ago	7.42 bp	11.3 bp −$11	14.3 bp −$143	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.38 bp	doesn't fit	4.5 bp −$45	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	1,790.4	−0.012%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,790	−0.031%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0043%	1h	1,791.1	+0.030%	$361K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0041%	1h	1,789.8	−0.042%	$4.9M	$20.2M	10x	as long as short
Deribit SNDK_USDC-PERPETUALlong	−0.0029%	1h	1,790.6	long leg	$51K	$342K	10x
QFEX SNDK-USD	−0.0023%	1h	1,789.6	−0.056%	$1.5M	$14.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.4	−0.011%	$21.8M	$35.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790	−0.032%	$286.4M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	−0.007%	$32.2M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.3	−0.015%	$85.3M	$825.4M	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	1,791.2	+0.034%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790	−0.033%	$180.8M	$231.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.9	−0.035%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,789.5	−0.060%	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.8	−0.040%	$12K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.9	−0.037%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.7	−0.103%	$773	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	−0.027%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.3	−0.017%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.9	−0.038%	$743	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0018%	1h	1,790.3	−0.015%	$114.8M	$145.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.271%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.6	+0.058%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791	+0.027%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.6	+0.004%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.525%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.5	−0.118%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	−0.020%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	−0.037%	$247K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,790	−0.031%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.054%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.3	−0.017%	$732K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.7	−0.048%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,790.7	+0.008%	$130K	$352K	20x	as long as short
KuCoin SNDKUSDTM	+0.0059%	8h	1,789.4	−0.065%	$6.1M	$22.0M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.7	−0.048%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,790.1	−0.025%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.9	+0.020%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.6	−0.053%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0923%	4h	1,789.5	−0.059%	$568K	$351K	10x	as long as short