Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.50 per $10,000 · paid last 24h —

Price spread now: Paradex against Variational Omni−0.201%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.201% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SNDK	1,782.2	0	get 0.0000% / 8h	3h 43m	$2.6M	$4.7M	—
Short	Paradex SNDK-USD-PERP	1,778.6	0.0050	get 0.0050% / 8h	3h 43m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.201%Rate

Funding earned: $10.45
Price spread: −0.201% → 0.000%: −$20.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.66
Costs to cover: 0.040%
Break-even: 16.1 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Paradex: 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, 1 min ago	2.39 bp	doesn't fit	5.8 bp −$58	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
BloFin SNDK-USDT	−0.0120%	8h	1,779.6	−0.148%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0107%	1h	1,780.8	−0.079%	$4.8M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0046%	1h	1,780.1	−0.121%	$346K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,780.4	−0.103%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.1	−0.177%	$1.4M	$12.3M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.1	−0.120%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,781.3	−0.051%	$21.8M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.5	−0.150%	$283.5M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,780.2	−0.112%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.7	−0.141%	$83.4M	$824.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,780.9	−0.075%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.7	−0.140%	$179.2M	$229.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.6	−0.147%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDKlong	0.0000%	8h	1,782.2	long leg	$2.6M	$4.7M	—
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	−0.102%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	−0.001%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.6	−0.147%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.9	−0.240%	$736	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,779.6	−0.147%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	−0.182%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.9	−0.129%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.8	−0.021%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,780	−0.122%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.7	−0.143%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,779.4	−0.157%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.996%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	−0.010%	$566K	$353K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,780.1	−0.118%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.2	−0.227%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.6	−0.147%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,778.6	−0.201%	—	—	5x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,779.7	−0.141%	$117.5M	$150.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.4	−0.158%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	−0.142%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.197%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	−0.174%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.4	−0.158%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	−0.088%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,779	−0.183%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,780	−0.126%	$130K	$352K	20x	as long as short