Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.010%

Price spread now: Variational Omni against Entropy+0.003%7-day average +0.072% · you sell dearer than you buy

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

Long on Entropy Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.003%, 7d avg +0.072%

Together, before fees+0.109%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.069% cheaper against Entropy than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.072%). If the spread goes back, that is −$7 on $10k: about 2.0 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	Entropy io:SNDK	1,783	−0.0114	get 0.0014% / 1h	49m 34s	$4.9M	$19.8M	10x
Short	Variational Omni SNDK	1,783.1	0	get 0.0000% / 8h	3h 49m	$2.6M	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Entropy. 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 EntropybpFee Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: $23.98
Price spread: +0.003% → +0.072%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.95
Costs to cover: 0.180%
Break-even: 7.3 days

Slippage unknown: Entropy: live order book, 7 min ago; Variational Omni: RFQ quote, 5 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 Entropy live order book, 7 min ago	0.28 bp	10.9 bp −$11	14.6 bp −$146	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.41 bp	doesn't fit	4.8 bp −$48	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	1,783	−0.001%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDKlong	−0.0114%	1h	1,783	long leg	$4.9M	$19.8M	10x
Nado SNDK-PERP	−0.0056%	1h	1,783	−0.001%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,782.4	−0.036%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,781.1	−0.109%	$1.4M	$12.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.142%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.1	+0.005%	$21.8M	$34.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,781.3	−0.098%	$283.6M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.2	−0.043%	$32.3M	$101.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,781.3	−0.095%	$83.7M	$823.1M	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	1,782.2	−0.047%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,781.4	−0.092%	$179.8M	$228.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,781.5	−0.086%	$43.7M	$161.8M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,783.1	+0.003%	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785	+0.113%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,785.3	+0.129%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,782.6	−0.022%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781	−0.113%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,782.3	−0.038%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782.3	−0.039%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782.2	−0.044%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.3	+0.128%	$701	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,782.3	−0.039%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,782.1	−0.049%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,781.3	−0.093%	$438K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.951%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783	−0.002%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,781.7	−0.076%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.9	−0.118%	$245K	$649K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,781.7	−0.071%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,781.9	−0.062%	$117.9M	$150.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,782.4	−0.034%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.3	−0.037%	$729K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	−0.084%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,782	−0.055%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,781.8	−0.066%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785	+0.112%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782	−0.058%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,782.9	−0.004%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	+0.083%	$567K	$352K	10x	as long as short