Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0597%/8h= −65.3% APRpaid last 24h −0.094%

Price spread now: GRVT against edgeX−0.018%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−1.055%−$105 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.018%, 7d avg +0.010%

Together, before fees−1.062%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$106 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and GRVT is 0.027% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,773.9	0.0597	pay 0.0298% / 4h	1h 16m	$563K	$355K	10x
Short	GRVT SNDK_USDT_Perp	1,773.6	0	get 0.0000% / 8h	1h 16m	$13K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against edgeX. 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 edgeXbpFee GRVTbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$125.32
Price spread: −0.018% → +0.010%: −$2.74
Slippage, 4 orders: −$13.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$159.36
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; GRVT: live order book, 2 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 edgeX live order book, 2 min ago	5.05 bp	9.6 bp −$10	11.3 bp −$113	46.2 bp −$4,624	doesn't fit
Sell GRVT live order book, 2 min ago	1.27 bp	6.2 bp −$6	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	1,773	−0.054%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0058%	1h	1,773.5	−0.024%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.2	−0.042%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.2	+0.012%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.8	−0.010%	$285.3M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.1	+0.009%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.6	−0.019%	$87.4M	$841.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.6	−0.017%	$183.2M	$241.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.9	−0.002%	$49.6M	$169.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.8	−0.006%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,773.6	−0.018%	$13K	$1.0M	10x
Phoenix SNDK	0.0000%	1h	1,773.6	−0.019%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	−0.013%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.7	−0.011%	$843	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.6	−0.017%	$49K	$259K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.5	−0.025%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.9	0.000%	$2.8M	$983K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774	+0.001%	$785	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.7	+0.043%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.6	+0.036%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.1	+0.008%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.5	−0.026%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.467%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.2	−0.044%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.3	−0.036%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.8	−0.008%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.7	−0.013%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.4	−0.030%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.7	−0.014%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.5	−0.022%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.5	−0.024%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.8	+0.048%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.3	−0.037%	$1K	—	10x	as long as short
Nado SNDK-PERP	+0.0095%	1h	1,774.1	+0.008%	$386K	$1.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.7	−0.012%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.4	−0.028%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.5	+0.031%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.7	−0.070%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.2	+0.016%	$129K	$413K	20x	as long as short
edgeX SNDKUSDClong	+0.0597%	4h	1,773.9	long leg	$563K	$355K	10x