Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bitget+0.033%103s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.267% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.047%−$5 · spread now +0.033%, 7d avg 0.000%

Together, before fees−0.107%+ Points / potential airdropGRVT: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.033% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,789	0	get 0.0000% / 8h	7h 09m	$47.9M	$164.3M	75x
Short	GRVT SNDK_USDT_Perp	1,789.6	0	get 0.0000% / 8h	7h 09m	$21K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: −$5.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$23.41
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; GRVT: live order book, 3 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 Bitget live order book, 4 min ago	0.25 bp	7.3 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	1.06 bp	5.8 bp −$6	7.5 bp −$75	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	1,788.7	−0.017%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.3	+0.016%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.9	−0.003%	$286.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.5	+0.025%	$32.0M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	0.000%	$86.7M	$832.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.1	+0.007%	$182.2M	$235.7M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,789	long leg	$47.9M	$164.3M	75x
Variational Omni SNDK	0.0000%	8h	1,788.4	−0.034%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,789.6	+0.033%	$21K	$1.1M	10x
Phoenix SNDK	0.0000%	1h	1,788.7	−0.017%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,789.2	+0.010%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787	−0.110%	$817	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.1	+0.007%	$51K	$325K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.7	−0.017%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.7	−0.019%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789	−0.001%	$1.9M	$18.9M	10x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,789.6	+0.034%	$347K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,791.1	+0.116%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.1	+0.059%	$784	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790	+0.056%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.5	+0.028%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	+0.033%	$451K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.613%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.4	−0.032%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.1	+0.005%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.3	+0.017%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.3	+0.015%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,788.8	−0.011%	$114.9M	$146.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,788.8	−0.011%	$4.8M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.1	+0.006%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.5	−0.027%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.1	+0.006%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.4	−0.032%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.3	+0.017%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.9	−0.006%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.6	+0.088%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.7	−0.016%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.189%	$442K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0339%	4h	1,791.1	+0.117%	$569K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.7	+0.037%	$130K	$367K	20x	as long as short