Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.004%

Price spread now: QFEX against GRVT+0.011%7-day average −0.048% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.011%, 7d avg −0.048%

Together, before fees−0.142%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.059% dearer against GRVT than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.048%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,789.6	0	get 0.0000% / 8h	4h 18m	$16K	$1.4M	10x
Short	QFEX SNDK-USD	1,789.8	−0.0033	pay 0.0004% / 1h	18m 56s	$1.4M	$13.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$6.84
Price spread: +0.011% → −0.048%: $5.89
Slippage, 4 orders: −$6.26
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$26.21
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; QFEX: live order book, 5 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, 4 min ago	1.17 bp	5.7 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	0.14 bp	7.5 bp −$7	8.8 bp −$88	13.5 bp −$1,353	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	1,789.8	+0.009%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.1	+0.026%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0082%	1h	1,790.7	+0.059%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0075%	1h	1,789.8	+0.010%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USDshort	−0.0033%	1h	1,789.8	+0.011%	$1.4M	$13.3M	10x
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.219%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0009%	8h	1,789.2	−0.022%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.6	+0.056%	$21.8M	$36.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.9	+0.015%	$287.3M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	+0.040%	$32.6M	$100.2M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790	+0.021%	$84.2M	$826.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.1	+0.083%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	+0.015%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.9	+0.013%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	+0.034%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,789.6	long leg	$16K	$1.4M	10x
Bullet SNDK-USD	0.0000%	1h	1,789.9	+0.015%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.043%	$918	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.3	+0.035%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.7	+0.005%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.1	+0.024%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.037%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.078%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.053%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.019%	$486K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.577%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.9	−0.043%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.1	+0.027%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.015%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	+0.015%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.9	+0.013%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.2	+0.032%	$115.3M	$146.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.001%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.8	+0.011%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	+0.038%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	0.000%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790	+0.022%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.7	+0.062%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.4	−0.015%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0709%	4h	1,789.1	−0.029%	$568K	$352K	10x	as long as short