Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.010%

Price spread now: Entropy against Variational Omni+0.019%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 Variational Omni Short on Entropy

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−0.043%−$4 · spread now +0.019%, 7d avg −0.072%

Together, before fees−0.120%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.092% dearer against Variational Omni than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.072%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,783.1	0	get 0.0000% / 8h	3h 50m	$2.6M	$4.7M	—
Short	Entropy io:SNDK	1,783.4	−0.0128	pay 0.0016% / 1h	50m 44s	$4.9M	$19.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Variational Omni. 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 Variational OmnibpFee EntropybpOrdersPrice spread, now +0.019%Rate

Funding earned: −$26.94
Price spread: +0.019% → −0.072%: $9.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$35.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Entropy: live order book, 6 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, 3 min ago	2.41 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell Entropy live order book, 6 min ago	0.28 bp	10.7 bp −$11	doesn't fit	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
Entropy io:SNDKshort	−0.0128%	1h	1,783.4	+0.019%	$4.9M	$19.8M	10x
BloFin SNDK-USDT	−0.0120%	8h	1,783	−0.004%	$4.0M	$4.4M	75x	as long as short
Nado SNDK-PERP	−0.0059%	1h	1,784.2	+0.063%	$349K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0036%	8h	1,782.7	−0.018%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,783.3	+0.015%	$1.4M	$12.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.139%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.5	+0.026%	$21.8M	$34.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.6	−0.024%	$283.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.8	−0.016%	$32.3M	$100.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.8	−0.014%	$83.7M	$823.7M	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	1,783.4	+0.017%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782.8	−0.012%	$179.9M	$228.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,782.3	−0.044%	$43.8M	$161.8M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,783.1	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785	+0.110%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,785.3	+0.126%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,783.5	+0.024%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.2	−0.046%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784	+0.050%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.2	+0.006%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782.9	−0.007%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,785.8	+0.157%	$701	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,783.2	+0.007%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,782.7	−0.018%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,782.8	−0.015%	$438K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.948%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	+0.032%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,782.9	−0.011%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784	+0.053%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,782.4	−0.035%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,782.5	−0.031%	$118.0M	$149.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783.6	+0.031%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,783.5	+0.022%	$729K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,782.1	−0.053%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.2	+0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,782.6	−0.026%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785	+0.109%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.5	−0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,784	+0.054%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	+0.080%	$567K	$352K	10x	as long as short