Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Variational Omni+0.080%103s7-day average +0.027% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.080%, 7d avg +0.027%

Together, before fees+0.053%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.053% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.027%. The two prices were read 103 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	1,758.6	0	get 0.0000% / 8h	1h 39m	$2.5M	$4.8M	—
Short	ApeX Omni SNDKUSDT	1,760.1	0.0100	get 0.0013% / 1h	39m 37s	$68K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.080%Rate

Funding earned: $21
Price spread: +0.080% → +0.027%: $5.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $16.28
Costs to cover: 0.100%
Break-even: 1.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 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 Variational Omni RFQ quote, 5 min ago	2.39 bp	doesn't fit	4.9 bp −$49	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	8.15 bp	13.2 bp −$13	36.7 bp −$367	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
Bitget SNDKUSDT	−0.0322%	8h	1,758.7	+0.003%	$47.4M	$165.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.3	+0.035%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0010%	8h	1,758.9	+0.012%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.3	+0.036%	$1.4M	$10.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.6	+0.057%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,758.1	−0.029%	$279.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,758.7	+0.001%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.7	+0.003%	$82.2M	$833.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.2	+0.030%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,758.5	−0.007%	$176.6M	$230.6M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDKlong	0.0000%	8h	1,758.6	long leg	$2.5M	$4.8M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.8	+0.009%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,759.4	+0.043%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	+0.019%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.6	0.000%	$837	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.2	+0.031%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.3	−0.019%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.8	+0.010%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.8	−0.104%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.9	+0.071%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,759.1	+0.026%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.4	−0.014%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.5	−0.008%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.349%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0035%	1h	1,759.3	+0.035%	$328K	$1.5M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.6	−0.005%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.4	+0.043%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,758.2	−0.025%	$118.4M	$158.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759	+0.020%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.2	−0.025%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.8	+0.008%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.2	−0.027%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.014%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.6	−0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.2	−0.026%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,760.1	+0.080%	$68K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.6	−0.003%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.6	+0.051%	$429K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0262%	4h	1,759.8	+0.066%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.1	+0.026%	$126K	$346K	20x	as long as short