Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.013%
Price spread now: GRVT against Coinbase International+0.069%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.069%, 7d avg −0.010%
=Together, before fees−0.067%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.078% dearer against Coinbase International than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.010%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.003% in total) that is about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,785.5 | 0.0128 | pay 0.0016% / 1h | 35m 07s | $440K | $2.3M | 10x |
| Short | GRVT SNDK_USDT_Perp | 1,786.7 | 0 | get 0.0000% / 8h | 7h 35m | $10K | $1.1M | 10x |
Coinbase International SNDK-PERP-INTX
GRVT SNDK_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.88
- Price spread: +0.069% → −0.010%
- $7.85
- Slippage, 4 orders
- −$9.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$47.2
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Coinbase International: 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 Coinbase International live order book, 4 min ago | 1.65 bp | 9.2 bp −$9 | 13.3 bp −$133 | 116.9 bp −$11.7K | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.56 bp | 5.1 bp −$5 | 6.7 bp −$67 | 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 | 1,783.5 | −0.111% | $4.0M | $4.5M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0120% | 1h | 1,784.3 | −0.064% | $50K | $313K | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785.4 | −0.006% | $21.7M | $45.1M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,783.8 | −0.095% | $285.0M | $1.84B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,784.1 | −0.080% | $32.0M | $100.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,783.4 | −0.117% | $86.1M | $833.3M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,783.9 | −0.089% | $182.6M | $234.5M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,783.5 | −0.114% | $47.4M | $168.9M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,785.4 | −0.007% | $2.6M | $4.6M | — | as long as short |
| GRVT SNDK_USDT_Perpshort | 0.0000% | 8h | 1,786.7 | +0.069% | $10K | $1.1M | 10x |
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,786.5 | +0.057% | $278K | $195K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,784.4 | −0.061% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,782.5 | −0.169% | $1K | $3.8M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,783.7 | −0.099% | $1.5M | $10.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,783.3 | −0.125% | $2.8M | $1.0M | 50x | as long as short |
| Nado SNDK-PERP | +0.0001% | 1h | 1,786.3 | +0.044% | $347K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,785.6 | +0.006% | $2.1M | $20.1M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,786.7 | +0.068% | $171K | $1.8M | 20x | as long as short |
| Aftermath Perps SNDKUSD | +0.0010% | 1h | 1,787 | +0.083% | $683 | $37K | 5x | as long as short |
| edgeX SNDKUSDC | +0.0026% | 4h | 1,786.9 | +0.080% | $567K | $354K | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,784.8 | −0.039% | $1.6M | $16.1M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,784.5 | −0.055% | $1.3M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,784.2 | −0.072% | $430K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.810% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,785.7 | +0.014% | $299K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,784.9 | −0.033% | — | $585K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.5 | +0.001% | $245K | $652K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,783.5 | −0.111% | $114.7M | $147.8M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,785.9 | +0.023% | $4.8M | $20.0M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,784.9 | −0.033% | $187K | $135K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,786.3 | +0.044% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,785.9 | +0.023% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,783.7 | −0.099% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,786 | +0.027% | $199K | $291K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,784.4 | −0.059% | $6.1M | $22.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,787.5 | +0.112% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,784.5 | −0.057% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0128% | 1h | 1,785.5 | long leg | $440K | $2.3M | 10x | |
| SoDEX SNDK-USD | +0.0147% | 1h | 1,783.8 | −0.097% | $729K | $515K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0662% | 1h | 1,784.8 | −0.041% | $130K | $378K | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
QFEX SNDK-USD
RISEx SNDK/USDC
Aftermath Perps SNDKUSD
edgeX SNDKUSDC
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
SoDEX SNDK-USD
Kraken Futures PF_SNDKUSD