Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.009%

Price spread now: GRVT against Extended+0.169%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

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

costs, in and out, $10k−$250.247% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.169%, 7d avg −0.010%

Together, before fees−0.193%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.178% dearer against Extended than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of −0.010%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SNDK_24_5-USD	1,783.7	0.0032	pay 0.0004% / 1h	35m 01s	$430K	$1.5M	10x
Short	GRVT SNDK_USDT_Perp	1,786.7	0	get 0.0000% / 8h	7h 35m	$10K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$6.72
Price spread: +0.169% → −0.010%: $17.82
Slippage, 4 orders: −$10.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.61
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago	2.13 bp	6.6 bp −$7	18.1 bp −$181	doesn't fit	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	−0.011%	$4.0M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0120%	1h	1,784.3	+0.036%	$50K	$313K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,784.7	+0.053%	$21.7M	$45.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,783.8	+0.007%	$285.0M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,783.8	+0.004%	$32.0M	$100.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,783.4	−0.017%	$86.1M	$833.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,783.9	+0.011%	$182.6M	$234.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,783.2	−0.030%	$47.4M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	+0.093%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,786.7	+0.169%	$10K	$1.1M	10x

Show 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	+0.157%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.4	+0.039%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,782.5	−0.069%	$1K	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.7	+0.001%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,783.3	−0.025%	$2.8M	$1.0M	50x	as long as short
Nado SNDK-PERP	+0.0001%	1h	1,786.3	+0.144%	$347K	$1.4M	10x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,785.6	+0.106%	$2.1M	$20.1M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,786.7	+0.168%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,787	+0.184%	$683	$37K	5x	as long as short
edgeX SNDKUSDC	+0.0026%	4h	1,786.9	+0.180%	$567K	$354K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,784.8	+0.061%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.5	+0.045%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USDlong	+0.0032%	1h	1,783.7	long leg	$430K	$1.5M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.911%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.7	+0.114%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.9	+0.067%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.5	+0.101%	$245K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,783.5	−0.011%	$114.7M	$147.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,785.9	+0.123%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.9	+0.067%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.3	+0.144%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.9	+0.123%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,783.7	+0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786	+0.127%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.4	+0.041%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.5	+0.212%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.5	+0.043%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,785.5	+0.100%	$440K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0147%	1h	1,783.8	+0.003%	$729K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0662%	1h	1,784.8	+0.059%	$130K	$378K	20x	as long as short