Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Variational Omni+0.119%73s7-day average +0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.119%, 7d avg +0.026%

Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.092% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 73 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	Variational Omni SNDK	1,785.4	0	get 0.0000% / 8h	7h 32m	$2.6M	$4.6M	—
Short	ApeX Omni SNDKUSDT	1,787.5	0.0100	get 0.0013% / 1h	32m 22s	$69K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now +0.119%Rate

Funding earned: $21
Price spread: +0.119% → +0.026%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $20.25
Costs to cover: 0.100%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 40 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 Variational Omni RFQ quote, 2 min ago	2.38 bp	doesn't fit	4.1 bp −$41	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 40 min ago	7.91 bp	13.0 bp −$13	46.8 bp −$468	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	1,783.4	−0.109%	$4.0M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.9	+0.028%	$21.8M	$44.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.8	+0.081%	$285.4M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.1	+0.099%	$32.1M	$100.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.5	+0.063%	$86.1M	$834.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.5	+0.061%	$182.6M	$234.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.2	+0.045%	$47.5M	$168.9M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,785.4	long leg	$2.6M	$4.6M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783.5	−0.103%	$10K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.5	+0.063%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,786.4	+0.058%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	−0.016%	$951	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,786.4	+0.056%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,782.6	−0.157%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.4	−0.112%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,786	+0.037%	$2.1M	$20.0M	10x	as long as short
Nado SNDK-PERP	+0.0003%	1h	1,785.6	+0.015%	$345K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,786.7	+0.077%	$170K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,785.8	+0.025%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.6	+0.070%	$1.6M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.6	+0.011%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787	+0.093%	$430K	$1.5M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.817%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.9	−0.082%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.4	−0.056%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786	+0.035%	$245K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,786.3	+0.052%	$114.8M	$148.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,784.4	−0.054%	$4.9M	$20.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	+0.013%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786	+0.034%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	−0.032%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	+0.058%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0086%	1h	1,784.4	−0.054%	$729K	$515K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.6	+0.013%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785	−0.021%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,787.5	+0.119%	$69K	$269K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.4	+0.002%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,785.8	+0.024%	$441K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0575%	4h	1,785.2	−0.007%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,787.1	+0.100%	$130K	$379K	20x	as long as short