Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Variational Omni+0.001%7-day average −0.029% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.001%, 7d avg −0.029%

Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,789.2	0	get 0.0000% / 8h	6h 58m	$2.6M	$4.7M	—
Short	Lighter RH SNDK	1,789.2	0.0032	get 0.0004% / 1h	58m 39s	$1.3M	$9.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.001%Rate

Funding earned: $6.72
Price spread: +0.001% → −0.029%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $9.75
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter RH: 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, 1 min ago	2.40 bp	doesn't fit	6.4 bp −$64	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.26 bp	1.5 bp −$1	3.9 bp −$39	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
Entropy io:SNDK	−0.0197%	1h	1,789.2	−0.001%	$4.8M	$20.4M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,788.9	−0.020%	$4.1M	$4.5M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0047%	1h	1,788.6	−0.035%	$114.9M	$146.5M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,788	−0.069%	$1.9M	$18.3M	10x	as long as short
Ondo Perps SNDK-USD.P	−0.0003%	1h	1,788.5	−0.040%	$1.4M	$5.1M	5x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.7	+0.028%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.4	−0.044%	$287.0M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789	−0.012%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.4	−0.046%	$86.6M	$831.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.4	−0.049%	$182.1M	$230.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,788.6	−0.035%	$47.8M	$163.8M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,789.2	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.9	−0.020%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,789.8	+0.032%	$279K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.2	−0.001%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.6	−0.093%	$593	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	−0.004%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.2	−0.003%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.5	−0.040%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,790.2	+0.053%	$348K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.3	+0.059%	$746	$37K	5x	as long as short
Popdex SNDKUSDT	+0.0016%	1h	1,788.4	−0.046%	$246K	$644K	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.6	+0.019%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDKshort	+0.0032%	1h	1,789.2	+0.001%	$1.3M	$9.4M	10x
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.9	−0.019%	$459K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.600%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.8	−0.025%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	−0.010%	—	$585K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.6	−0.035%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.8	−0.024%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.8	−0.026%	$731K	$515K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.031%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,792.4	+0.177%	$442K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.5	−0.038%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.8	−0.021%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	−0.007%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.8	−0.021%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,789.4	+0.012%	$130K	$366K	20x	as long as short
edgeX SNDKUSDC	+0.0164%	4h	1,789.4	+0.010%	$568K	$354K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,789.5	+0.014%	$171K	$1.8M	20x	as long as short