Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.022%

Price spread now: RISEx against GRVT−0.031%55s7-day average +0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.202% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.031%, 7d avg +0.029%

Together, before fees+0.051%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.060% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.029%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,791.4	0	get 0.0000% / 8h	7h 02m	$21K	$1.1M	10x
Short	RISEx SNDK/USDC	1,790.8	0.0004	get 0.0000% / 1h	2m 31s	$171K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0.84
Price spread: −0.031% → +0.029%: −$5.96
Slippage, 4 orders: −$5.21
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$25.33
Costs to cover: 0.202%
Break-even: 218.5 days

Slippage from GRVT: live order book, 6 min ago; RISEx: 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, 6 min ago	0.67 bp	6.4 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.47 bp	3.5 bp −$3	4.4 bp −$44	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
BloFin SNDK-USDT	−0.0120%	8h	1,789.2	−0.122%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0108%	1h	1,789.3	−0.113%	$51K	$328K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.5	−0.102%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.6	−0.097%	$287.0M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	−0.055%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790	−0.075%	$86.7M	$832.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.3	−0.113%	$182.3M	$235.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.5	−0.101%	$47.9M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,791.3	−0.004%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,791.4	long leg	$21K	$1.1M	10x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,790.9	−0.025%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.2	−0.066%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.6	−0.209%	$917	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.133%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.1	−0.125%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.5	−0.102%	$1.9M	$18.5M	10x	as long as short
RISEx SNDK/USDCshort	+0.0004%	1h	1,790.8	−0.031%	$171K	$1.8M	20x
Nado SNDK-PERP	+0.0005%	1h	1,789.8	−0.086%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,790.7	−0.034%	$714	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	−0.059%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.7	−0.090%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.9	−0.079%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.481%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.5	−0.104%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	−0.108%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	−0.081%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.8	−0.084%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.3	−0.059%	$115.0M	$146.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,789.1	−0.126%	$4.8M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.7	−0.092%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	−0.130%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.8	−0.031%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.9	−0.137%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.1	−0.128%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	−0.112%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,792	+0.035%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.2	−0.121%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.057%	$442K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.6	−0.098%	$130K	$366K	20x	as long as short
edgeX SNDKUSDC	+0.0796%	4h	1,790.8	−0.033%	$569K	$354K	10x	as long as short