Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0660%/8h= +72.3% APRpaid last 24h +0.056%

Price spread now: Kraken Futures against Variational Omni+0.265%7-day average +0.005% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.231%+$23 on $10k

Price spread, last 3 days (all we have)−0.295%−$29 · spread now +0.265%, 7d avg +0.005%

Together, before fees−0.064%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.260% dearer against Variational Omni than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.005%.

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 47m	$2.6M	$4.6M	—
Short	Kraken Futures PF_SNDKUSD	1,788.8	0.0660	get 0.0083% / 1h	47m 23s	$130K	$389K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.265%Rate

Funding earned: $138.63
Price spread: +0.265% → +0.005%: $25.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $154.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 25 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, 2 min ago	2.41 bp	doesn't fit	2.4 bp −$24	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 25 min ago	2.25 bp	14.3 bp −$14	34.0 bp −$340	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	1,788	+0.217%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790	+0.329%	$286.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.2	+0.340%	$32.2M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.9	+0.325%	$86.2M	$839.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.7	+0.258%	$183.4M	$233.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	+0.293%	$48.5M	$168.6M	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	1,786.6	+0.141%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,786.1	+0.112%	$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	1,786.8	+0.154%	$758	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.1	+0.279%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.7	+0.200%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.2	+0.232%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.6	+0.307%	$2.2M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,788.7	+0.256%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,784.3	+0.014%	$822	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790	+0.329%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.6	+0.311%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.5	+0.300%	$422K	$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	+0.0036%	1h	1,790.4	+0.352%	$352K	$1.4M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	+0.044%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.325%	—	$657K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	+0.314%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785	+0.051%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	+0.320%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.6	+0.310%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.191%	$1.4M	$4.9M	5x	as long as short
Bullet SNDK-USD	+0.0054%	1h	1,790.5	+0.361%	$14K	$291K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.1	+0.223%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.7	+0.258%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.1	+0.278%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	+0.162%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.7	+0.145%	$8K	$3K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0114%	1h	1,790.6	+0.364%	$115.1M	$150.2M	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
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	+0.076%	$567K	$355K	10x	as long as short
SoDEX SNDK-USD	+0.0629%	1h	1,787.1	+0.165%	$730K	$521K	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0660%	1h	1,788.8	+0.265%	$130K	$389K	20x