Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0898%/8h= +98.4% APRpaid last 24h +0.010%

Price spread now: RISEx against Variational Omni+0.103%7-day average +0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.103%, 7d avg +0.004%

Together, before fees−0.050%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and RISEx is 0.098% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.004%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.024% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,770.5	0	get 0.0000% / 8h	5h 06m	$2.7M	$4.5M	—
Short	RISEx SNDK/USDC	1,772.3	0.0898	get 0.0112% / 1h	6m 36s	$146K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.103%Rate

Funding earned: $188.68
Price spread: +0.103% → +0.004%: $9.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $192.52
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; RISEx: 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, 1 min ago	2.40 bp	doesn't fit	3.8 bp −$38	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	1.64 bp	4.6 bp −$5	5.3 bp −$53	doesn't fit	doesn't fit

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	−0.0258%	1h	1,771	+0.025%	$168K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,771.8	+0.075%	$3.9M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,771.4	+0.048%	$1.5M	$9.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.8	+0.075%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.1	+0.090%	$282.3M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.3	+0.043%	$31.8M	$107.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.3	+0.101%	$80.9M	$842.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.5	+0.056%	$181.3M	$221.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.3	+0.045%	$48.7M	$172.7M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,770.5	long leg	$2.7M	$4.5M	—

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.6	+0.117%	$25K	$2.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.3	−0.011%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.9	+0.079%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.2	+0.039%	$749	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.2	+0.040%	$19K	$440K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.1	+0.033%	$1.5M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771.9	+0.079%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0021%	1h	1,771.4	+0.051%	$723	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.4	+0.053%	$1.2M	$9.8M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.4	−0.005%	$410K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.664%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.6	+0.007%	$257K	$1.3M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.5	+0.056%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.2	+0.096%	$244K	$698K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,770.7	+0.011%	$4.5M	$19.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.7	+0.068%	$188K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.7	+0.069%	$726K	$523K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.8	+0.073%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.6	+0.008%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0052%	1h	1,771.1	+0.032%	$324K	$1.5M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0052%	1h	1,771.3	+0.045%	$122.2M	$151.0M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.4	+0.052%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.3	+0.045%	$193K	$310K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.4	−0.004%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.6	+0.120%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.1	+0.036%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0152%	1h	1,772.2	+0.095%	$1.8M	$16.8M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,770.1	−0.021%	$448K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0306%	4h	1,771.3	+0.048%	$563K	$338K	10x	as long as short
RISEx SNDK/USDCshort	+0.0898%	1h	1,772.3	+0.103%	$146K	$1.5M	20x