Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.116%

Price spread now: edgeX against GRVT−0.047%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.027%+$103 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.047%, 7d avg +0.007%

Together, before fees+1.100%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$110 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.054% cheaper against GRVT than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.007%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,777.9	0	get 0.0000% / 8h	3h 25m	$20K	$1.6M	10x
Short	edgeX SNDKUSDC	1,777	0.0410	get 0.0205% / 4h	3h 25m	$564K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $86.18
Price spread: −0.047% → +0.007%: −$5.41
Slippage, 4 orders: −$13.36
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $49.41
Costs to cover: 0.314%
Break-even: 3.0 days

Slippage from GRVT: live order book, 3 min ago; edgeX: live order book, 28 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, 3 min ago	1.21 bp	6.3 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell edgeX live order book, 28 min ago	5.04 bp	9.6 bp −$10	11.5 bp −$115	47.3 bp −$4,733	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	1,772.8	−0.286%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,773.7	−0.236%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,772.6	−0.298%	$345K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0029%	1h	1,775.2	−0.150%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,771.9	−0.335%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	−0.213%	$431K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,775.2	−0.150%	$21.7M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.7	−0.289%	$281.8M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.2	−0.261%	$32.2M	$101.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.9	−0.279%	$82.2M	$825.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,773.9	−0.221%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.5	−0.305%	$176.9M	$230.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.8	−0.287%	$44.3M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.1	−0.214%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,777.9	long leg	$20K	$1.6M	10x
Phoenix SNDK	0.0000%	1h	1,777.5	−0.020%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.5	−0.300%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.4	−0.364%	$944	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,772.8	−0.288%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.1	−0.325%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.8	−0.283%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,776.3	−0.090%	$734	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.3	−0.256%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.8	−0.288%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.8	−0.287%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.243%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,774.7	−0.179%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.7	−0.402%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.7	−0.290%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.4	−0.306%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.4	−0.307%	$117.2M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.2	−0.319%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.1	−0.267%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.8	−0.285%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.2	−0.319%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.266%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	−0.060%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.2	−0.317%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,772.8	−0.286%	$128K	$353K	20x	as long as short
edgeX SNDKUSDCshort	+0.0410%	4h	1,777	−0.047%	$564K	$351K	10x