Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: Lighter against Variational Omni+0.112%7-day average −0.028% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.112%, 7d avg −0.028%

Together, before fees−0.107%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.139% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,788.3	0	get 0.0000% / 8h	4h 24m	$2.6M	$4.7M	—
Short	Lighter SNDK	1,790.3	0.0032	get 0.0004% / 1h	24m 01s	$1.7M	$15.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.112%Rate

Funding earned: $6.72
Price spread: +0.112% → −0.028%: $13.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.64
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Lighter: live order book, 5 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, 5 min ago	2.40 bp	doesn't fit	3.1 bp −$31	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.39 bp	0.7 bp −$1	1.3 bp −$13	16.6 bp −$1,655	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	1,788.7	+0.027%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0093%	1h	1,789	+0.042%	$4.9M	$19.9M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	+0.092%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0081%	1h	1,789.8	+0.086%	$311K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.7	+0.027%	$1.4M	$13.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.143%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0003%	8h	1,788.2	−0.002%	$6.1M	$22.4M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.4	+0.061%	$21.8M	$36.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.6	+0.076%	$287.1M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.1	+0.102%	$32.5M	$100.1M	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	1,789.5	+0.070%	$84.6M	$826.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,790.2	+0.107%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.4	+0.064%	$180.3M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	+0.057%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,788.3	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	+0.068%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789	+0.041%	$15K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.2	−0.004%	$798	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.3	+0.059%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.5	+0.013%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.5	+0.071%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.4	+0.062%	$666	$37K	5x	as long as short
Lighter SNDKshort	+0.0032%	1h	1,790.3	+0.112%	$1.7M	$15.7M	20x
Lighter RH SNDK	+0.0032%	1h	1,789.7	+0.079%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.3	+0.061%	$490K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.655%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.8	−0.024%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.7	+0.083%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.9	+0.034%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.1	+0.047%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789	+0.043%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.6	+0.075%	$115.2M	$146.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	+0.031%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.1	+0.050%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.2	+0.053%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.8	+0.030%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.2	+0.055%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790	+0.095%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.3	+0.003%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0997%	4h	1,788.9	+0.039%	$568K	$351K	10x	as long as short