Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni−0.227%7-day average −0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.451%−$45 · spread now −0.227%, 7d avg −0.019%

Together, before fees−0.453%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.208% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of −0.019%). If the spread goes back, that is −$21 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,765.2	0	get 0.0000% / 8h	4h 48m	$2.7M	$4.4M	—
Short	Ondo Perps SNDK-USD.P	1,761.2	0.0050	get 0.0006% / 1h	48m 00s	$1.4M	$5.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.227%Rate

Funding earned: $10.58
Price spread: −0.227% → −0.019%: −$20.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.22
Costs to cover: 0.050%
Break-even: 17.1 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Ondo Perps: 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	2.41 bp	doesn't fit	5.5 bp −$55	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,762.8	−0.139%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.7	−0.141%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0001%	1h	1,763.9	−0.074%	$4.5M	$19.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.3	−0.108%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.1	−0.063%	$281.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.4	−0.102%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.1	−0.063%	$79.0M	$842.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.1	−0.062%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.6	−0.090%	$180.7M	$210.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,763.6	−0.090%	$48.5M	$172.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDKlong	0.0000%	8h	1,765.2	long leg	$2.7M	$4.4M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.9	+0.037%	$22K	$2.6M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.5	−0.097%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.4	−0.105%	$993	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.9	−0.134%	$19K	$447K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.3	−0.165%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.2	−0.056%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,762.6	−0.145%	$1.5M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0024%	1h	1,765	−0.013%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.4	−0.103%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.1	−0.175%	$419K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.969%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.9	−0.187%	$261K	$1.4M	10x	as long as short
Phoenix SNDK	+0.0045%	1h	1,761.4	−0.216%	$274K	$178K	15x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,761.5	−0.208%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.2	−0.114%	$243K	$700K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.4	−0.159%	$193K	$165K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.4	−0.161%	$722K	$529K	10x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.3	−0.108%	$122.5M	$151.4M	10x	as long as short
Ondo Perps SNDK-USD.Pshort	+0.0050%	1h	1,761.2	−0.227%	$1.4M	$5.3M	5x
Paradex SNDK-USD-PERP	+0.0051%	8h	1,762.6	−0.147%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0065%	1h	1,763.1	−0.119%	$322K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.2	−0.116%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.6	−0.088%	$192K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,763.8	−0.080%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,766	+0.047%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	−0.151%	$9K	$6K	20x	as long as short
Lighter SNDK	+0.0112%	1h	1,764.1	−0.063%	$1.8M	$16.5M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,761.9	−0.189%	$446K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0296%	4h	1,765.3	+0.007%	$561K	$338K	10x	as long as short