Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.021%

Price spread now: Deribit against Variational Omni+0.087%7-day average 0.000% · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.087%, 7d avg 0.000%

Together, before fees−0.203%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.087% dearer against Variational Omni than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of 0.000%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 3 days (−0.092% in total) that is about 3.2 days.

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	6h 16m	$2.6M	$4.7M	—
Short	Deribit SNDK_USDC-PERPETUAL	1,785.6	−0.0237	pay 0.0030% / 1h	16m 37s	$51K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$49.77
Price spread: +0.087% → 0.000%: $8.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.1
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 52 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, 3 min ago	2.38 bp	doesn't fit	4.7 bp −$47	doesn't fit	doesn't fit
Sell Deribit live order book, 52 min ago	5.33 bp	18.0 bp −$18	21.5 bp −$215	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-PERPETUALshort	−0.0237%	1h	1,785.6	+0.087%	$51K	$331K	10x
Phoenix SNDK	−0.0045%	1h	1,785.1	+0.057%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0036%	1h	1,785.6	+0.085%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERP	−0.0026%	1h	1,786.4	+0.132%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.9	+0.044%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0011%	1h	1,785.1	+0.057%	$114.4M	$146.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.142%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.2	+0.062%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.6	+0.085%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.2	+0.063%	$85.5M	$828.4M	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	1,785.1	+0.056%	$180.8M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.1	+0.056%	$44.0M	$164.6M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,784.1	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	+0.012%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.8	+0.096%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	+0.056%	$1K	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.3	+0.070%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	+0.091%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.1	+0.111%	$701	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.1	+0.114%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786	+0.105%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.1	+0.113%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.890%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784	−0.004%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.3	+0.068%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.1	+0.059%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.9	+0.046%	$245K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.4	+0.074%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	+0.091%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.7	+0.034%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.3	+0.069%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,786.2	+0.120%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.3	+0.068%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.9	+0.043%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	+0.070%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.6	+0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786.1	+0.115%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.012%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786	+0.105%	$170K	$1.8M	20x	as long as short