Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.011%

Price spread now: Popdex against Variational Omni+0.070%7-day average −0.015% · you sell dearer than you buy

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

Long on Variational Omni Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.070%, 7d avg −0.015%

Together, before fees−0.345%+ Points / potential airdropVariational Omni: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.084% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,785.4	0	get 0.0000% / 8h	6h 13m	$2.6M	$4.7M	—
Short	Popdex SNDKUSDT	1,786.6	0.0048	get 0.0006% / 1h	13m 56s	$246K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.070%Rate

Funding earned: $10.08
Price spread: +0.070% → −0.015%: $8.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $12.11
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Popdex: live order book, 55 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, just now	2.38 bp	doesn't fit	4.5 bp −$45	doesn't fit	doesn't fit
Sell Popdex live order book, 55 min ago	0.56 bp	3.8 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0186%	1h	1,786.7	+0.075%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	+0.008%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0036%	1h	1,786	+0.036%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0031%	1h	1,787.8	+0.138%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.4	+0.056%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0014%	1h	1,786.7	+0.075%	$114.5M	$146.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.7	+0.077%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.7	+0.077%	$286.0M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.3	+0.107%	$32.0M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.9	+0.087%	$85.5M	$829.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786.7	+0.075%	$180.9M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.6	+0.072%	$44.0M	$164.7M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,785.4	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.060%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.087%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786	+0.038%	$723	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.062%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	+0.070%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.4	+0.057%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.9	+0.141%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.4	+0.113%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.5	+0.121%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.818%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.4	−0.052%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.3	+0.051%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,786.2	+0.048%	—	—	5x	as long as short
Popdex SNDKUSDTshort	+0.0048%	1h	1,786.6	+0.070%	$246K	$645K	20x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.3	+0.053%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	+0.052%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786	+0.036%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	+0.060%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.024%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.5	+0.062%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	+0.030%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.001%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.1	+0.040%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.4	+0.113%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.083%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.3	+0.110%	$170K	$1.8M	20x	as long as short