Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: Polymarket Perps against GRVT−0.092%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.092%, 7d avg −0.034%

Together, before fees−0.255%+ Points / potential airdropGRVT: Active · farm board−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.058% cheaper against GRVT than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.034%). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.135%, 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	1,788.4	0	get 0.0000% / 8h	6h 47m	$22K	$1.1M	10x
Short	Polymarket Perps SNDK-USD	1,786.8	0.0050	get 0.0006% / 1h	47m 22s	$187K	$135K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: $10.5
Price spread: −0.092% → −0.034%: −$5.84
Slippage, 4 orders: −$8.68
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.02
Costs to cover: 0.257%
Break-even: 21.0 days

Slippage from GRVT: live order book, 1 min ago; Polymarket Perps: live order book, 20 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 Polymarket Perps live order book, 20 min ago	1.96 bp	8.1 bp −$8	9.6 bp −$96	11.4 bp −$1,138	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
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
Deribit SNDK_USDC-PERPETUAL	−0.0007%	1h	1,787.3	−0.064%	$51K	$328K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.3	−0.009%	$21.8M	$41.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.1	−0.075%	$286.7M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.8	−0.039%	$31.9M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.2	−0.070%	$86.3M	$830.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.2	−0.070%	$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	1,786.8	−0.093%	$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	1,786.6	−0.106%	$822	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.7	−0.045%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787.5	−0.051%	$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	1,787.2	−0.070%	$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	1,787.6	−0.049%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.6	−0.049%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.7	−0.043%	$469K	$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-USDshort	+0.0050%	1h	1,786.8	−0.092%	$187K	$135K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,787.8	−0.039%	$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	1,787.2	−0.071%	$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	1,787.9	−0.031%	$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	1,788	−0.027%	$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