Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Extended against GRVT−0.157%7-day average −0.038% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.157%, 7d avg −0.038%

Together, before fees+0.110%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.119% cheaper against GRVT than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.038%). If the spread goes back, that is −$12 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,767	0	get 0.0000% / 8h	1h 57m	$12K	$1.9M	10x
Short	Extended SNDK_24_5-USD	1,764.2	0.0032	get 0.0004% / 1h	57m 38s	$478K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.157%Rate

Funding earned: $6.72
Price spread: −0.157% → −0.038%: −$11.91
Slippage, 4 orders: −$9.61
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$28.8
Costs to cover: 0.236%
Break-even: 37.0 days

Slippage from GRVT: live order book, just now; Extended: live order book, 1 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, just now	0.31 bp	6.1 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.35 bp	5.5 bp −$6	11.5 bp −$115	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
Bitget SNDKUSDT	−0.0216%	8h	1,765.1	−0.104%	$47.4M	$165.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,766.3	−0.037%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0019%	8h	1,765.8	−0.068%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.8	−0.181%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,765	−0.113%	$21.5M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.2	−0.159%	$279.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.5	−0.140%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,764.6	−0.134%	$82.2M	$833.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765	−0.111%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,764	−0.169%	$176.9M	$229.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.2	+0.014%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,767	long leg	$12K	$1.9M	10x
Phoenix SNDK	0.0000%	1h	1,767	+0.002%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.4	+0.024%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.5	+0.027%	$884	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,767.2	+0.012%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,766	−0.055%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.1	−0.050%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,767.1	+0.005%	$657	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0018%	1h	1,765.5	−0.086%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.1	−0.164%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDshort	+0.0032%	1h	1,764.2	−0.157%	$478K	$2.0M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.867%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765	−0.112%	$259K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0045%	1h	1,765.4	−0.088%	$329K	$1.5M	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,765.2	−0.102%	$1.8M	$16.2M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764.3	−0.151%	$243K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,765.7	−0.072%	$118.9M	$158.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.8	−0.066%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,766.8	−0.010%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.3	−0.037%	$722K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,765.4	−0.089%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.6	−0.078%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.6	+0.036%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,765.3	−0.094%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,767.4	+0.025%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,766.5	−0.025%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,767.5	+0.028%	$433K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0399%	1h	1,767.6	+0.036%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0883%	4h	1,766	−0.057%	$561K	$351K	10x	as long as short