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 −0.016%

Price spread now: Variational Omni against Ondo Perps+0.036%7-day average +0.020% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.036%, 7d avg +0.020%

Together, before fees+0.028%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SNDK-USD.P	1,789.1	0.0050	pay 0.0006% / 1h	37m 43s	$1.4M	$5.0M	5x
Short	Variational Omni SNDK	1,789.7	0	get 0.0000% / 8h	4h 37m	$2.6M	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.036%Rate

Funding earned: −$10.58
Price spread: +0.036% → +0.020%: $1.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.99
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.38 bp	doesn't fit	4.8 bp −$48	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,789.4	+0.015%	$4.1M	$4.4M	75x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.3	+0.066%	$311K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0106%	1h	1,789.2	+0.006%	$4.9M	$19.9M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.4	+0.017%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789	−0.003%	$1.5M	$13.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.190%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.5	+0.023%	$21.8M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.5	+0.022%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.9	+0.045%	$32.6M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.2	+0.006%	$84.8M	$826.3M	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	1,790.5	+0.080%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.5	+0.022%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	+0.010%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDKshort	0.0000%	8h	1,789.7	+0.036%	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790	+0.052%	$20K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789	−0.006%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.059%	$781	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	+0.006%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.6	−0.030%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789	−0.006%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.3	+0.013%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0013%	8h	1,788.4	−0.037%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.7	+0.087%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.3	+0.067%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	+0.030%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.607%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.030%	$273K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.5	+0.024%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	−0.002%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.2	+0.006%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.6	+0.028%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.9	+0.045%	$115.3M	$146.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	−0.017%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	−0.006%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.Plong	+0.0050%	1h	1,789.1	long leg	$1.4M	$5.0M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.021%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0083%	4h	1,789.1	−0.001%	$568K	$351K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.030%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.4	+0.075%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.1	−0.057%	$8K	$3K	20x	as long as short