Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.012%

Price spread now: Coinbase International against GRVT+0.099%76s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.260% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now +0.099%, 7d avg +0.010%

Together, before fees−0.104%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.089% dearer against GRVT than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 76 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	1,768.5	0	get 0.0000% / 8h	2h 05m	$10K	$1.0M	10x
Short	Coinbase International SNDK-PERP-INTX	1,770.3	0.0040	get 0.0005% / 1h	5m 40s	$434K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.099%Rate

Funding earned: $8.4
Price spread: +0.099% → +0.010%: $8.9
Slippage, 4 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.7
Costs to cover: 0.260%
Break-even: 14.3 days

Slippage from GRVT: live order book, 2 min ago; Coinbase International: 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 GRVT live order book, 2 min ago	0.14 bp	6.9 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.53 bp	7.0 bp −$7	11.6 bp −$116	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	1,768.7	+0.009%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.9	+0.019%	$282K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.7	+0.010%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,768.7	+0.009%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.2	+0.039%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.4	+0.047%	$286.8M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.4	+0.049%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.6	+0.061%	$87.7M	$847.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.1	+0.086%	$162K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.5	+0.052%	$183.4M	$245.1M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,769.5	+0.053%	$49.6M	$171.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.6	+0.059%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,768.5	long leg	$10K	$1.0M	10x
Bullet SNDK-USD	0.0000%	1h	1,769.1	+0.032%	$14K	$295K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.2	−0.017%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.1	+0.032%	$49K	$231K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.2	+0.038%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.2	+0.036%	$2.8M	$949K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,769.2	+0.038%	$753	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.8	+0.072%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.6	+0.058%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.3	+0.042%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.777%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTXshort	+0.0040%	1h	1,770.3	+0.099%	$434K	$2.4M	10x
Vest SNDK-USD-PERP	+0.0044%	1h	1,768.4	−0.008%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.2	+0.038%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.1	+0.032%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769	+0.027%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,768.8	+0.016%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769	+0.025%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.9	+0.021%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769	+0.029%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.8	+0.070%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0072%	1h	1,769.3	+0.045%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.9	+0.022%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769.3	+0.044%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.5	−0.002%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	+0.055%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.2	−0.018%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0788%	4h	1,768.5	−0.003%	$562K	$354K	10x	as long as short