Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%

Price spread now: Variational Omni against tradeXYZ−0.013%7-day average +0.054% · you buy dearer than you sell

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.013%, 7d avg +0.054%

Together, before fees+0.086%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.067% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNDK	1,789	0.0050	pay 0.0006% / 1h	33m 01s	$115.1M	$146.4M	10x
Short	Variational Omni SNDK	1,788.8	0	get 0.0000% / 8h	4h 33m	$2.6M	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now −0.013%Rate

Funding earned: −$10.5
Price spread: −0.013% → +0.054%: −$6.69
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.19
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; Variational Omni: RFQ quote, 1 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 tradeXYZ live order book, 7 min ago	0.28 bp	9.7 bp −$10	10.5 bp −$105	13.7 bp −$1,366	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.40 bp	doesn't fit	4.9 bp −$49	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	1,789.2	+0.008%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0105%	1h	1,789	0.000%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0096%	1h	1,790	+0.053%	$311K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.3	+0.017%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,788.9	−0.004%	$1.4M	$13.6M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.184%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.2	+0.009%	$21.8M	$37.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.2	+0.009%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.031%	$32.6M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.7	−0.017%	$84.7M	$826.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,790.1	+0.063%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.9	−0.004%	$180.0M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.8	−0.010%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,788.8	−0.013%	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.1	+0.008%	$15K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789	0.000%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.3	−0.039%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.5	+0.030%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.4	−0.035%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.7	−0.017%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.2	+0.011%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0009%	8h	1,788.1	−0.051%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790	+0.055%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.5	+0.027%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.1	+0.008%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.613%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788	−0.059%	$277K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.6	+0.035%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.9	−0.005%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.2	+0.011%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.2	+0.011%	—	—	5x	as long as short
tradeXYZ xyz:SNDKlong	+0.0050%	1h	1,789	long leg	$115.1M	$146.4M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	−0.011%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	0.000%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788.9	−0.006%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.017%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.3	+0.014%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	+0.041%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.2	−0.048%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0775%	4h	1,788.7	−0.015%	$568K	$353K	10x	as long as short