Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: Ondo Perps against Variational Omni−0.098%7-day average −0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

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−0.068%−$7 · spread now −0.098%, 7d avg −0.024%

Together, before fees−0.077%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.074% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.024%). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,792.4	0	get 0.0000% / 8h	7h 24m	$2.6M	$4.6M	—
Short	Ondo Perps SNDK-USD.P	1,790.6	0.0050	get 0.0006% / 1h	24m 09s	$1.4M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.098%Rate

Funding earned: $10.58
Price spread: −0.098% → −0.024%: −$7.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.8
Costs to cover: 0.050%
Break-even: 8.2 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Ondo Perps: 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, 5 min ago	2.40 bp	doesn't fit	2.7 bp −$27	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Deribit SNDK_USDC-PERPETUAL	−0.0175%	1h	1,789.4	−0.165%	$50K	$314K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,791.3	−0.058%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.4	−0.107%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.2	−0.176%	$286.1M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.3	−0.170%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.1	−0.182%	$86.7M	$834.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.6	−0.154%	$182.3M	$235.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.9	−0.191%	$48.0M	$169.0M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,792.4	long leg	$2.6M	$4.6M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,793.3	+0.050%	$22K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,787.7	−0.260%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.6	−0.154%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.240%	$862	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.187%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.7	−0.205%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.3	−0.172%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.5	−0.101%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0006%	1h	1,790.4	−0.112%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790	−0.134%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.1	−0.128%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790	−0.133%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	−0.155%	$442K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.424%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790.2	−0.122%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	−0.112%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.7	−0.148%	$246K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.9	−0.080%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.5	−0.160%	$115.1M	$147.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	−0.120%	$4.9M	$20.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.5	−0.160%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.Pshort	+0.0050%	1h	1,790.6	−0.098%	$1.4M	$5.1M	5x
Aevo SNDK-PERP	+0.0080%	1h	1,788.8	−0.198%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.6	−0.097%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.1	−0.182%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.083%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.1	−0.183%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	−0.131%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0222%	1h	1,788.9	−0.191%	$731K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0285%	4h	1,791.6	−0.041%	$569K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.5	−0.161%	$130K	$379K	20x	as long as short