Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

Price spread now: Pacifica against GRVT+0.009%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.009%, 7d avg −0.005%

Together, before fees−0.025%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,769.7	0	get 0.0000% / 8h	2h 21m	$10K	$1.0M	10x
Short	Pacifica SNDK	1,769.8	0.0100	get 0.0013% / 1h	21m 35s	$213K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.009%Rate

Funding earned: $21
Price spread: +0.009% → −0.005%: $1.36
Slippage, 4 orders: −$7.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1.97
Costs to cover: 0.243%
Break-even: 7.7 days

Slippage from GRVT: live order book, 1 min ago; Pacifica: live order book, 2 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	1.27 bp	5.8 bp −$6	9.1 bp −$91	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.85 bp	5.9 bp −$6	doesn't fit	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
Deribit SNDK_USDC-PERPETUAL	−0.0433%	1h	1,769.8	+0.006%	$49K	$227K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,769.7	+0.001%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.5	−0.011%	$283K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,770.2	+0.030%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769.7	0.000%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.9	+0.014%	$21.8M	$39.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.4	−0.014%	$286.5M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.4	+0.039%	$31.5M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.4	+0.042%	$87.8M	$847.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.9	+0.068%	$162K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,769.9	+0.014%	$183.8M	$244.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,770.1	+0.026%	$49.8M	$171.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.9	+0.015%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,769.7	long leg	$10K	$1.0M	10x
Bullet SNDK-USD	0.0000%	1h	1,769.9	+0.013%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.9	−0.043%	$950	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.7	+0.003%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769.3	−0.019%	$2.8M	$936K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,769.7	+0.001%	$709	$37K	5x	as long as short
edgeX SNDKUSDC	+0.0022%	4h	1,769.5	−0.009%	$562K	$354K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,770.7	+0.058%	$1.5M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.5	+0.048%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770	+0.016%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.712%	$36	$19K	12x	as long as short
Vest SNDK-USD-PERP	+0.0037%	1h	1,769.6	−0.003%	—	$670K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.6	−0.003%	$434K	$2.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770	+0.019%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.1	+0.025%	$111.9M	$151.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.7	+0.002%	$4.5M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.8	+0.008%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.4	−0.017%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.9	−0.043%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769.9	+0.014%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,770	+0.019%	$128K	$414K	20x	as long as short
Nado SNDK-PERP	+0.0073%	1h	1,770.3	+0.038%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,769.3	−0.020%	$1K	—	10x	as long as short
Pacifica SNDKshort	+0.0100%	1h	1,769.8	+0.009%	$213K	$291K	10x
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.9	−0.046%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.7	+0.003%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.2	−0.027%	$8K	$2K	20x	as long as short