Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.023%

Price spread now: Aevo against GRVT−0.192%71s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.192% cheaper against GRVT than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 8.0 days of funding at the current rate (+$2 a day). The two prices were read 71 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	GRVT SNDK_USDT_Perp	1,785.5	0	get 0.0000% / 8h	5h 59m	$19K	$1.2M	10x
Short	Aevo SNDK-PERP	1,782.1	0.0080	get 0.0010% / 1h	59m 58s	$1K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.192%Rate

Funding earned: $16.8
Price spread: −0.192% → 0.000%: −$19.23
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$27.43
Costs to cover: 0.250%
Break-even: 18.4 days

Slippage unknown: GRVT: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

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 GRVT live order book, 3 min ago	0.42 bp	6.4 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.7	−0.046%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,784.9	−0.037%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0029%	1h	1,784.6	−0.052%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,783.4	−0.118%	$1.6M	$15.6M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0005%	1h	1,782.7	−0.158%	$114.3M	$145.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,783.6	−0.106%	$21.7M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,782.5	−0.169%	$285.2M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,782.9	−0.146%	$32.1M	$99.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,782.7	−0.158%	$85.2M	$821.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,782.8	−0.151%	$180.3M	$232.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,782.5	−0.170%	$43.7M	$163.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.2	−0.072%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,785.5	long leg	$19K	$1.2M	10x
Bullet SNDK-USD	0.0000%	1h	1,782.6	−0.164%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,781.7	−0.216%	$941	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,782.7	−0.156%	$50K	$331K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.7	−0.104%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,782.6	−0.166%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.1	−0.025%	$664	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,783.7	−0.100%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,783	−0.144%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,782.5	−0.171%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.808%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.107%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,782.9	−0.150%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,783.9	−0.089%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,783.7	−0.102%	$245K	$644K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,783	−0.142%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,782.5	−0.169%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	−0.069%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERPshort	+0.0080%	1h	1,782.1	−0.192%	$1K	—	10x
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,783.1	−0.136%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.1	−0.078%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,783.3	−0.127%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.6	+0.006%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,782	−0.195%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,783.1	−0.134%	$130K	$355K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,784.9	−0.035%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0444%	4h	1,785	−0.029%	$567K	$353K	10x	as long as short