Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Variational Omni against Deribit−0.108%7-day average −0.002% · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.108%, 7d avg −0.002%

Together, before fees+0.197%+ Points / potential airdropVariational Omni: Active · farm board+$20 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: Variational Omni is 0.106% cheaper against Deribit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,764.6	0	get 0.0000% / 1h	44m 07s	$19K	$452K	10x
Short	Variational Omni SNDK	1,762.6	0	get 0.0000% / 8h	4h 44m	$2.7M	$4.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → −0.002%: −$10.63
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.63
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 63 min ago; Variational Omni: RFQ quote, 3 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 Deribit live order book, 63 min ago	5.00 bp	14.8 bp −$15	19.3 bp −$193	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.38 bp	doesn't fit	6.7 bp −$67	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	−0.0127%	1h	1,764	−0.031%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.8	−0.041%	$3.9M	$4.7M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.9	−0.037%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764	−0.031%	$281.1M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.2	−0.020%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.1	−0.026%	$79.3M	$843.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765	+0.025%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764	−0.031%	$180.7M	$210.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,764	−0.031%	$48.5M	$172.3M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,762.6	−0.108%	$2.7M	$4.4M	—

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	1,761.9	−0.152%	$22K	$2.7M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,765	+0.026%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,764.4	−0.010%	$713	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,764.6	long leg	$19K	$452K	10x
HTX SNDK-USDT	0.0000%	8h	1,764.3	−0.018%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.5	−0.001%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	+0.0004%	1h	1,764.2	−0.020%	$4.5M	$19.3M	10x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,764.8	+0.014%	$1.5M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0023%	1h	1,764.7	+0.010%	$674	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.9	−0.038%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.4	−0.066%	$421K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.006%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,763.9	−0.037%	$261K	$1.4M	10x	as long as short
Phoenix SNDK	+0.0045%	1h	1,763.8	−0.043%	$275K	$178K	15x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,763.7	−0.050%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,765.1	+0.031%	$243K	$700K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.1	−0.026%	$122.6M	$151.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,764.6	+0.002%	$211K	$201K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.2	−0.019%	$723K	$529K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.1	−0.026%	$1.4M	$5.4M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,764.7	+0.008%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0064%	1h	1,765	+0.024%	$319K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.7	+0.005%	$1K	—	10x	as long as short
Lighter SNDK	+0.0096%	1h	1,764.9	+0.016%	$1.8M	$16.5M	20x	as long as short
Pacifica SNDK	+0.0100%	1h	1,764.7	+0.009%	$193K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,763.8	−0.043%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.7	−0.104%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,763.6	−0.056%	$9K	$6K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,765	+0.024%	$443K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0947%	4h	1,761.7	−0.163%	$560K	$339K	10x	as long as short