Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against GRVT+0.088%7-day average +0.034% · 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−$34as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.088%, 7d avg +0.034%

Together, before fees−0.013%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and ApeX Omni is 0.054% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.034%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,745.2	−0.0386	get 0.0386% / 8h	7h 22m	$20K	$2.2M	10x
Short	ApeX Omni SNDKUSDT	1,746.8	0.0100	get 0.0013% / 1h	22m 00s	$67K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.088%Rate

Funding earned: $102.06
Price spread: +0.088% → +0.034%: $5.37
Slippage, 4 orders: −$20.84
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $67.59
Costs to cover: 0.398%
Break-even: 2.4 days

Slippage from GRVT: live order book, 1 min ago; ApeX Omni: live order book, 10 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 GRVT live order book, 1 min ago	0.63 bp	5.8 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 10 min ago	8.37 bp	14.1 bp −$14	37.4 bp −$374	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
GRVT SNDK_USDT_Perplong	−0.0386%	8h	1,745.2	long leg	$20K	$2.2M	10x
Bitget SNDKUSDT	−0.0221%	8h	1,750.6	+0.310%	$49.8M	$168.1M	75x	as long as short
HTX SNDK-USDT	−0.0122%	8h	1,749.6	+0.253%	$1.4M	$10.0M	50x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,748	+0.157%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0039%	8h	1,749	+0.217%	$6.0M	$22.6M	20x	as long as short
Nado SNDK-PERP	−0.0021%	1h	1,749.1	+0.220%	$333K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,749.9	+0.266%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,750.3	+0.293%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,750.9	+0.328%	$278.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,751	+0.331%	$32.0M	$105.0M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,750.6	+0.308%	$81.6M	$826.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,749.3	+0.236%	$135K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,750.2	+0.284%	$179.5M	$220.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,743.6	−0.093%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,745.2	−0.001%	$272K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,749.8	+0.263%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,750.1	+0.277%	$935	$3.3M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,750.6	+0.311%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,748	+0.159%	—	$585K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,746.8	+0.092%	$667	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,750.4	+0.297%	$1.7M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,749.9	+0.270%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,748.7	+0.201%	$384K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+3.137%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,748.9	+0.210%	$250K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,750	+0.274%	$248K	$665K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,749.2	+0.228%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,750.2	+0.285%	$118.8M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,747.7	+0.142%	$4.5M	$19.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,748.6	+0.194%	$184K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.9	+0.208%	$715K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,749.7	+0.257%	$1.3M	$5.3M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,749.6	+0.253%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,750	+0.273%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDTshort	+0.0100%	1h	1,746.8	+0.088%	$67K	$270K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,749	+0.218%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,749.4	+0.238%	$427K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,750.7	+0.316%	$127K	$350K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0573%	1h	1,750.4	+0.297%	$50K	$360K	10x	as long as short
edgeX SNDKUSDC	+0.0981%	4h	1,744.5	−0.044%	$554K	$349K	10x	as long as short