Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.046%

Price spread now: Injective against Variational Omni+1.520%91s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.520% dearer against Variational Omni than usual: you sell high and buy low: +$152 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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	1,773	0	get 0.0000% / 8h	1h 29m	$2.6M	$4.7M	—
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	29m 41s	$36	$15K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.520%Rate

Funding earned: $7
Price spread: +1.520% → 0.000%: $152.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $159.02
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: no order-book sample. 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, 4 min ago	2.40 bp	doesn't fit	6.1 bp −$61	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,773.4	+0.020%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.3	+0.017%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	+0.047%	$21.9M	$42.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.8	+0.047%	$286.2M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.1	+0.063%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	+0.073%	$87.7M	$842.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.2	+0.066%	$183.4M	$241.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.3	+0.072%	$49.6M	$169.9M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,773	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.3	−0.037%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.7	+0.039%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	+0.039%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.6	+0.034%	$791	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.6	+0.035%	$49K	$253K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.1	+0.004%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.8	+0.047%	$2.8M	$973K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.3	+0.016%	$717	$37K	5x	as long as short
Entropy io:SNDK	+0.0013%	1h	1,772.9	−0.006%	$4.5M	$20.5M	10x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.2	+0.123%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.6	+0.088%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.1	+0.060%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.5	+0.030%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+1.520%	$36	$15K	12x
Arcus SNDK-USD	+0.0040%	1h	1,773.7	+0.038%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.8	−0.011%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.7	+0.039%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.7	+0.039%	$113.0M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.4	+0.022%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.6	+0.033%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.7	+0.040%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.7	−0.017%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	+0.074%	$441K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0070%	1h	1,773.7	+0.037%	$321K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.4	+0.023%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.9	+0.051%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773	0.000%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	−0.007%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.9	−0.004%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.3	+0.073%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,773.2	+0.010%	$563K	$355K	10x	as long as short