Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: Phoenix against Variational Omni+0.039%54s7-day average +0.014% · you sell dearer than you buy

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.039%, 7d avg +0.014%

Together, before fees−0.162%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.025% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 54 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 28m	$2.6M	$4.7M	—
Short	Phoenix SNDK	1,773.7	0	get 0.0000% / 1h	28m 29s	$276K	$195K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.014%: $2.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$4.49
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: live order book, 51 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	6.5 bp −$65	doesn't fit	doesn't fit
Sell Phoenix live order book, 51 min ago	3.96 bp	12.7 bp −$13	27.5 bp −$275	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	1,774.8	+0.100%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774.4	+0.077%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,775	+0.113%	$21.9M	$43.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,774.6	+0.092%	$286.2M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,775.1	+0.117%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.9	+0.107%	$87.7M	$842.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.9	+0.107%	$183.2M	$241.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.9	+0.109%	$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	1,773.3	+0.014%	$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 SNDKshort	0.0000%	1h	1,773.7	+0.039%	$276K	$195K	15x
Bullet SNDK-USD	0.0000%	1h	1,774.6	+0.092%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	+0.102%	$763	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,774.9	+0.108%	$49K	$255K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.6	+0.092%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774.9	+0.109%	$2.8M	$973K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.4	+0.020%	$717	$37K	5x	as long as short
Entropy io:SNDK	+0.0010%	1h	1,773.6	+0.034%	$4.5M	$20.5M	10x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.9	+0.164%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.7	+0.153%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,775.1	+0.121%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.7	+0.098%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.520%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.3	+0.073%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,774.3	+0.075%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.9	+0.107%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.8	+0.101%	$113.1M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774.6	+0.090%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.1	+0.059%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,775	+0.115%	—	—	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	+0.0074%	1h	1,775.2	+0.122%	$386K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774.5	+0.083%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,774.7	+0.095%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,774.2	+0.066%	$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	1,774.2	+0.066%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0385%	1h	1,775.4	+0.132%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,773.2	+0.010%	$563K	$355K	10x	as long as short