Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.024%

Price spread now: Aevo against Variational Omni−0.023%48s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.023% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$2 a day). The two prices were read 48 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	1,784.1	0	get 0.0000% / 8h	7h 50m	$2.6M	$4.6M	—
Short	Aevo SNDK-PERP	1,783.7	0.0080	get 0.0010% / 1h	50m 26s	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.023%Rate

Funding earned: $16.8
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1.45
Costs to cover: 0.160%
Break-even: 7.6 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aevo: no order-book sample. 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, 4 min ago	2.39 bp	doesn't fit	4.4 bp −$44	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	1,783.9	−0.011%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784	−0.003%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.3	+0.011%	$285.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.1	+0.057%	$32.2M	$100.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.7	+0.090%	$86.4M	$836.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,784.2	+0.006%	$182.8M	$232.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.4	+0.019%	$48.2M	$169.0M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,784.1	long leg	$2.6M	$4.6M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,782.4	−0.098%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.8	−0.073%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,783.3	−0.043%	$603	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,784.2	+0.008%	$50K	$310K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.7	−0.025%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.9	−0.012%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,784.2	+0.003%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,784.7	+0.035%	$174K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,780.7	−0.188%	$789	$37K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.2	+0.006%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,784.6	+0.026%	$419K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.889%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0039%	1h	1,785	+0.053%	$354K	$1.4M	10x	as long as short
Lighter SNDK	+0.0040%	1h	1,784.6	+0.026%	$1.6M	$16.0M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,781.5	−0.145%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.7	+0.036%	—	$675K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.9	+0.045%	$246K	$655K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,781.7	−0.134%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.8	+0.039%	$186K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,784.3	+0.012%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,783.3	−0.045%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERPshort	+0.0080%	1h	1,783.7	−0.023%	$1K	—	10x
Pacifica SNDK	+0.0100%	1h	1,783.6	−0.028%	$212K	$279K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,783.3	−0.045%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.4	−0.041%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782.9	−0.065%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	+0.032%	$442K	$2.4M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0214%	1h	1,785.5	+0.079%	$114.7M	$149.9M	10x	as long as short
Bullet SNDK-USD	+0.0220%	1h	1,784.4	+0.018%	$13K	$290K	10x	as long as short
SoDEX SNDK-USD	+0.0488%	1h	1,783.8	−0.018%	$729K	$527K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0662%	1h	1,784.6	+0.030%	$130K	$399K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,781.7	−0.133%	$566K	$354K	10x	as long as short