Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Extended+0.072%7-day average +0.036% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.072%, 7d avg +0.036%

Together, before fees−0.021%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.036% dearer against Extended than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.036%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,751.4	0.0032	pay 0.0004% / 1h	37m 31s	$448K	$2.0M	10x
Short	Variational Omni SNDK	1,752.6	0	get 0.0000% / 8h	7h 37m	$2.5M	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.072%Rate

Funding earned: −$6.72
Price spread: +0.072% → +0.036%: $3.62
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.1
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Extended live order book, 1 min ago	2.83 bp	7.5 bp −$7	13.5 bp −$135	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.40 bp	doesn't fit	4.7 bp −$47	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
GRVT SNDK_USDT_Perp	−0.0845%	8h	1,750.4	−0.055%	$21K	$2.2M	10x	as long as short
HTX SNDK-USDT	−0.0670%	8h	1,749.4	−0.113%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0247%	8h	1,752	+0.038%	$49.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,750.2	−0.067%	$3.9M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0083%	1h	1,752.2	+0.046%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0040%	8h	1,751.2	−0.007%	$6.0M	$22.5M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,752.2	+0.049%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,752.3	+0.056%	$21.4M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,751.5	+0.009%	$280.0M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,752.5	+0.064%	$31.6M	$104.1M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752.3	+0.053%	$82.4M	$822.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,752	+0.035%	$136K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,752.2	+0.045%	$178.7M	$217.9M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,752.6	+0.072%	$2.5M	$4.8M	—
Phoenix SNDK	0.0000%	1h	1,751.1	−0.015%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,752.1	+0.042%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,750.9	−0.028%	$756	$3.3M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,750.3	−0.060%	$50K	$360K	10x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,750.6	−0.045%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0006%	1h	1,748.9	−0.140%	—	$570K	10x	as long as short
Entropy io:SNDK	+0.0008%	1h	1,752.6	+0.070%	$4.5M	$19.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,753.4	+0.118%	$728	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,752.8	+0.082%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	+0.062%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,751.4	long leg	$448K	$2.0M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.775%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,751.3	−0.007%	$256K	$1.4M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,751.6	+0.013%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,752.4	+0.059%	$241K	$630K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,752.3	+0.053%	$118.7M	$158.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,752.3	+0.053%	$184K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,750.1	−0.072%	$716K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,750.1	−0.072%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,749.8	−0.092%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.1	+0.042%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,751.5	+0.007%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,749.5	−0.108%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,750.7	−0.040%	$425K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0127%	4h	1,751.2	−0.010%	$556K	$350K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,750.5	−0.048%	$127K	$344K	20x	as long as short