Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Phemex−0.044%56s7-day average −0.012% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.044%, 7d avg −0.012%

Together, before fees+0.114%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.032% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 56 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	Phemex SNDKUSDT	1,785	0	get 0.0000% / 8h	5h 57m	$2.8M	$1.1M	50x
Short	Variational Omni SNDK	1,784.2	0	get 0.0000% / 8h	5h 57m	$2.6M	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.012%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.18
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Phemex live order book, 1 min ago	1.88 bp	30.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.41 bp	doesn't fit	6.0 bp −$60	doesn't fit	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.5	−0.030%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.9	−0.010%	$1.6M	$15.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.5	+0.027%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.3	+0.015%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.8	+0.044%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.6	+0.032%	$85.4M	$821.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.2	+0.068%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,785.4	+0.020%	$180.1M	$230.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.2	+0.008%	$43.8M	$163.6M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,784.2	−0.044%	$2.6M	$4.7M	—

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784	−0.057%	$19K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	+0.010%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.5	−0.031%	$912	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,785.4	+0.020%	$51K	$332K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.7	−0.020%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,785	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.3	+0.017%	$740	$37K	5x	as long as short
Nado SNDK-PERP	+0.0021%	1h	1,785.8	+0.044%	$359K	$1.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,782.5	−0.145%	$435K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.5	+0.025%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.9	−0.008%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.3	+0.018%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.836%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.2	−0.105%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.1	−0.052%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.9	−0.007%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.4	+0.021%	$246K	$645K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,785.2	+0.010%	$114.5M	$146.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,784.6	−0.024%	$4.9M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.9	−0.007%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.1	−0.052%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	−0.041%	$1.4M	$5.0M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.9	+0.051%	$130K	$354K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.7	−0.018%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,785	−0.002%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.6	−0.025%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,784.5	−0.029%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.4	−0.035%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0591%	4h	1,784.5	−0.029%	$567K	$354K	10x	as long as short