Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Extended+0.083%7-day average +0.036% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.083%, 7d avg +0.036%

Together, before fees−0.038%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.047% dearer against Extended than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.036%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,762.3	0.0032	pay 0.0004% / 1h	38m 34s	$490K	$2.0M	10x
Short	Variational Omni SNDK	1,763.8	0	get 0.0000% / 8h	38m 34s	$2.5M	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: −$6.72
Price spread: +0.083% → +0.036%: $4.74
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.98
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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 Extended live order book, 5 min ago	1.05 bp	3.8 bp −$4	11.7 bp −$117	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.38 bp	doesn't fit	5.7 bp −$57	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
Bitget SNDKUSDT	−0.0280%	8h	1,762.7	+0.019%	$48.4M	$166.2M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.4	+0.002%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0018%	1h	1,762.9	+0.033%	$328K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0017%	8h	1,761.8	−0.032%	$6.0M	$22.3M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0005%	1h	1,762.3	−0.003%	$51K	$353K	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762.2	−0.007%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763	+0.038%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.3	−0.003%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.8	+0.023%	$31.7M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.3	−0.003%	$82.4M	$834.1M	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	1,763.4	+0.059%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.4	+0.005%	$177.8M	$228.4M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,763.8	+0.083%	$2.5M	$4.8M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.6	+0.073%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.1	+0.043%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.5	+0.010%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.2	−0.006%	$985	$3.4M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.2	−0.011%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.4	0.000%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,762.8	+0.025%	$674	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.2	−0.121%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.6	+0.071%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.9	+0.030%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,762.3	long leg	$490K	$2.0M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.134%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.6	−0.043%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.6	+0.014%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.6	+0.014%	$119.4M	$159.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.5	+0.009%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.2	−0.065%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.4	+0.001%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.4	+0.001%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.2	+0.048%	$1.4M	$5.2M	5x	as long as short
edgeX SNDKUSDC	+0.0058%	4h	1,763.6	+0.071%	$560K	$350K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.3	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.6	+0.013%	$198K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764	+0.096%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762	−0.019%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.004%	$429K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.8	+0.027%	$127K	$340K	20x	as long as short