Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.008%

Price spread now: Arcus against Variational Omni−0.093%7-day average −0.074% · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.093%, 7d avg −0.074%

Together, before fees+0.068%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

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 49m	$2.6M	$4.6M	—
Short	Arcus SNDK-USD	1,782.4	0.0040	get 0.0005% / 1h	49m 02s	$286K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.093%Rate

Funding earned: $8.46
Price spread: −0.093% → −0.074%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $2.01
Costs to cover: 0.045%
Break-even: 5.3 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Arcus: live order book, 5 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	4.4 bp −$44	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	1.01 bp	12.0 bp −$12	13.9 bp −$139	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	1,786.4	+0.129%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786	+0.109%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.6	+0.142%	$286.1M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.2	+0.171%	$32.3M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.4	+0.185%	$86.7M	$837.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.3	+0.125%	$182.8M	$232.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.7	+0.148%	$48.3M	$168.9M	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	1,785.2	+0.059%	$616	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787	+0.163%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786	+0.107%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	+0.142%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,785.8	+0.093%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,785.9	+0.099%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,782.2	−0.108%	$789	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.7	+0.200%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.1	+0.166%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.3	+0.177%	$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
Arcus SNDK-USDshort	+0.0040%	1h	1,782.4	−0.093%	$286K	$1.6M	10x
Nado SNDK-PERP	+0.0043%	1h	1,786.2	+0.117%	$354K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	+0.103%	—	$674K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.2	+0.118%	$247K	$655K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,782.7	−0.078%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.8	+0.095%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.3	+0.121%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.9	+0.045%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.3	+0.124%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.4	+0.073%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,786	+0.105%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.5	−0.033%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.3	+0.067%	$8K	$3K	20x	as long as short
Bullet SNDK-USD	+0.0125%	1h	1,786.5	+0.135%	$14K	$290K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	+0.032%	$442K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0169%	1h	1,786.5	+0.135%	$114.8M	$149.9M	10x	as long as short
SoDEX SNDK-USD	+0.0557%	1h	1,785.7	+0.087%	$730K	$527K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,787	+0.165%	$130K	$398K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,781.7	−0.133%	$566K	$354K	10x	as long as short