Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.022%

Price spread now: Deribit against GRVT−0.078%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.078%, 7d avg −0.002%

Together, before fees−0.048%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.076% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,788.4	0	get 0.0000% / 8h	6h 46m	$22K	$1.1M	10x
Short	Deribit SNDK_USDC-PERPETUAL	1,787.1	−0.0102	pay 0.0013% / 1h	46m 56s	$51K	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$21.51
Price spread: −0.078% → −0.002%: −$7.64
Slippage, 4 orders: −$24.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$69.29
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Deribit: live order book, 22 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	1.20 bp	5.7 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Deribit live order book, 22 min ago	5.33 bp	18.0 bp −$18	21.5 bp −$215	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	1,788	−0.025%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0114%	1h	1,788	−0.025%	$4.8M	$20.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUALshort	−0.0102%	1h	1,787.1	−0.078%	$51K	$328K	10x
Phoenix SNDK	−0.0045%	1h	1,788.5	+0.003%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,786.6	−0.102%	$1.8M	$17.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.5	+0.004%	$21.8M	$41.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788	−0.023%	$286.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788	−0.026%	$31.9M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788	−0.025%	$86.3M	$831.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.8	−0.036%	$181.3M	$231.0M	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	1,788.1	−0.022%	$47.5M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.3	+0.106%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,788.4	long leg	$22K	$1.1M	10x
Bullet SNDK-USD	0.0000%	1h	1,787.1	−0.074%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.1	−0.134%	$798	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.1	−0.076%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787	−0.083%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,788.8	+0.017%	$683	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0018%	1h	1,787.3	−0.064%	$114.4M	$146.5M	10x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,788	−0.023%	$363K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.4	−0.001%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.9	−0.033%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.9	−0.033%	$467K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.644%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.5	−0.054%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.9	−0.085%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	−0.103%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787	−0.078%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.8	−0.092%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.1	−0.074%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787	−0.081%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.8	−0.093%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,786.5	−0.108%	$440K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.9	−0.085%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.8	−0.035%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.6	+0.010%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.3	−0.119%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.5	−0.053%	$130K	$365K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.9	−0.033%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0264%	4h	1,788.4	−0.003%	$568K	$353K	10x	as long as short