Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Variational Omni−0.183%7-day average −0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.166%+$17 · spread now −0.183%, 7d avg −0.030%

Together, before fees+0.160%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.153% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.030%). If the spread goes back, that is −$15 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,774.1	0	get 0.0000% / 8h	3h 23m	$2.6M	$4.7M	—
Short	Lighter RH SNDK	1,770.8	0.0032	get 0.0004% / 1h	23m 08s	$1.4M	$9.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.183%Rate

Funding earned: $6.72
Price spread: −0.183% → −0.030%: −$15.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.63
Costs to cover: 0.000%
Break-even: 16.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter RH: 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, 1 min ago	2.40 bp	doesn't fit	4.8 bp −$48	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.71 bp	1.9 bp −$2	3.6 bp −$36	30.1 bp −$3,013	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	1,770.2	−0.221%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0050%	1h	1,773.8	−0.015%	$4.8M	$19.7M	10x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,772.2	−0.105%	$6.1M	$22.0M	20x	as long as short
Nado SNDK-PERP	−0.0028%	1h	1,771.4	−0.150%	$344K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,770.6	−0.197%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,771	−0.171%	$430K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.4	−0.037%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.5	−0.203%	$281.4M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.4	−0.208%	$32.1M	$101.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.3	−0.269%	$82.1M	$824.0M	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	1,772.5	−0.090%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.6	−0.250%	$176.3M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,770.3	−0.214%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,774.1	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	−0.161%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	−0.133%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.8	−0.183%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.5	−0.256%	$848	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.9	−0.177%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.1	−0.224%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.3	−0.210%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774.6	+0.032%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.5	−0.144%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,770.8	−0.183%	$1.4M	$9.5M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.4	−0.207%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.460%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772.6	−0.085%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.5	−0.314%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.3	−0.156%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.5	−0.203%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.3	−0.269%	$117.0M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.3	−0.212%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.6	−0.194%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.9	−0.179%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.2	−0.218%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771	−0.174%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	+0.154%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.3	−0.212%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,770.8	−0.184%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0410%	4h	1,777	+0.167%	$564K	$351K	10x	as long as short