Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h +0.069%

Price spread now: Kraken Futures against Variational Omni+0.013%7-day average +0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.241%+$24 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.013%, 7d avg +0.006%

Together, before fees+0.206%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,790.2	0	get 0.0000% / 8h	4h 18m	$2.6M	$4.7M	—
Short	Kraken Futures PF_SNDKUSD	1,790.5	0.0044	get 0.0006% / 1h	18m 02s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.013%Rate

Funding earned: $9.32
Price spread: +0.013% → +0.006%: $0.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $0.04
Costs to cover: 0.100%
Break-even: 7.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Kraken Futures: 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, 1 min ago	2.38 bp	doesn't fit	4.3 bp −$43	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 40 min ago	2.51 bp	22.5 bp −$23	46.2 bp −$462	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	1,789.8	−0.025%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.1	−0.007%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0081%	1h	1,791	+0.041%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0074%	1h	1,789.8	−0.024%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.7	−0.031%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.253%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0010%	8h	1,789.1	−0.064%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.5	+0.016%	$21.8M	$36.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.9	−0.017%	$287.3M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.3	+0.005%	$32.6M	$100.2M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.9	−0.019%	$84.2M	$826.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.1	+0.049%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	−0.019%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.9	−0.021%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,790.2	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.034%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790	−0.014%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789	−0.071%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.5	+0.015%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.5	−0.044%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790	−0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.003%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.1	+0.046%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.7	+0.028%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	−0.013%	$486K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.543%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.8	−0.081%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0044%	1h	1,790.5	+0.013%	$130K	$352K	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.8	−0.026%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	−0.019%	$247K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.7	−0.031%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.2	−0.002%	$115.4M	$146.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.9	−0.019%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.9	−0.018%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790	−0.013%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.5	−0.040%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790	−0.013%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.7	+0.028%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.040%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0709%	4h	1,789.1	−0.063%	$568K	$352K	10x	as long as short