Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Extended−0.001%7-day average +0.035% · you buy dearer than you sell

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 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.001%, 7d avg +0.035%

Together, before fees+0.031%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.037% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,789.7	0.0032	pay 0.0004% / 1h	13m 43s	$465K	$1.8M	10x
Short	Variational Omni SNDK	1,789.7	0	get 0.0000% / 8h	4h 13m	$2.6M	$4.7M	—

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 −0.001%Rate

Funding earned: −$6.72
Price spread: −0.001% → +0.035%: −$3.66
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: −$15.38
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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, 5 min ago	0.47 bp	4.1 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.40 bp	doesn't fit	4.3 bp −$43	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	1,789.5	−0.014%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	+0.016%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0078%	1h	1,790.1	+0.024%	$348K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0062%	1h	1,789.7	0.000%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789.2	−0.029%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.5	+0.045%	$438K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,789.1	−0.036%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.7	+0.002%	$21.8M	$36.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.6	−0.008%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.3	+0.032%	$32.7M	$100.5M	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	1,790.3	+0.033%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,790.6	+0.047%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.5	−0.014%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.6	−0.007%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,789.7	−0.001%	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.9	+0.013%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.5	−0.009%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.2	−0.085%	$642	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.7	−0.001%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.2	−0.031%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.6	−0.009%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.3	+0.033%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.073%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.1	+0.023%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,789.7	long leg	$465K	$1.8M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.573%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.5	−0.068%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790	+0.015%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.3	−0.025%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.8	+0.005%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.4	−0.018%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.3	+0.033%	$118.0M	$148.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.028%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.5	−0.011%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.6	−0.006%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.2	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.7	−0.001%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.1	+0.019%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.9	−0.043%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0660%	4h	1,789.5	−0.011%	$568K	$353K	10x	as long as short