Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: GRVT against ApeX Omni+0.002%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.002%, 7d avg −0.033%

Together, before fees−0.098%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.035% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.033%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.072% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,785	0.0100	pay 0.0013% / 1h	49m 04s	$69K	$270K	50x
Short	GRVT SNDK_USDT_Perp	1,785	0	get 0.0000% / 8h	3h 49m	$17K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$21
Price spread: +0.002% → −0.033%: $3.52
Slippage, 4 orders: −$19.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$56.43
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; GRVT: live order book, 4 min ago.

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 ApeX Omni live order book, 3 min ago	7.74 bp	12.7 bp −$13	33.9 bp −$339	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.40 bp	7.0 bp −$7	7.9 bp −$79	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	1,780	−0.280%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0114%	1h	1,783	−0.111%	$4.9M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0050%	1h	1,782.4	−0.143%	$348K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0037%	8h	1,781.5	−0.193%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,781.1	−0.220%	$1.4M	$12.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.031%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,782	−0.167%	$21.7M	$34.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.6	−0.302%	$283.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,780.5	−0.254%	$32.2M	$101.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.7	−0.296%	$83.6M	$823.1M	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	1,782.2	−0.159%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,780.2	−0.267%	$179.5M	$228.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,780.1	−0.275%	$43.7M	$161.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,783.1	−0.109%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,785	+0.002%	$17K	$1.5M	10x
Phoenix SNDK	0.0000%	1h	1,782.1	−0.162%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,781.1	−0.218%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.4	−0.311%	$1K	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.3	−0.206%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,780.2	−0.271%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,780.3	−0.261%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,784.7	−0.019%	$701	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,781.6	−0.189%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,781	−0.224%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,781	−0.223%	$438K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.839%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783	−0.114%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,780.7	−0.240%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.9	−0.229%	$245K	$649K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,781.7	−0.183%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,780.7	−0.240%	$117.8M	$150.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,780.9	−0.229%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,780.8	−0.235%	$728K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,781.5	−0.196%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.5	−0.250%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,781.8	−0.178%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,785	long leg	$69K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.4	−0.258%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,781.4	−0.202%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0187%	4h	1,784.5	−0.028%	$567K	$352K	10x	as long as short