Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.006%

Price spread now: tradeXYZ against GRVT+0.017%46s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

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

costs, in and out, $10k−$310.311% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days−0.065%−$7 · spread now +0.017%, 7d avg −0.056%

Together, before fees−0.130%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.073% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour. The two prices were read 46 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	1,758.8	0	get 0.0000% / 8h	1h 40m	$14K	$1.9M	10x
Short	tradeXYZ xyz:SNDK	1,759.1	0.0050	get 0.0006% / 1h	40m 30s	$118.4M	$158.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.017%Rate

Funding earned: $10.5
Price spread: +0.017% → −0.056%: $7.32
Slippage, 4 orders: −$4.09
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$13.27
Costs to cover: 0.311%
Break-even: 15.8 days

Slippage from GRVT: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	0.77 bp	6.6 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.28 bp	9.5 bp −$10	10.6 bp −$106	14.6 bp −$1,457	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	−0.0315%	8h	1,759.7	+0.051%	$47.5M	$165.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.3	+0.027%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0010%	8h	1,759.3	+0.026%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.3	+0.027%	$1.4M	$10.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.5	+0.095%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.2	+0.025%	$279.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.6	+0.045%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.2	+0.023%	$82.3M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.4	+0.092%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.3	+0.028%	$176.3M	$230.5M	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	1,758.6	−0.009%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,758.8	long leg	$14K	$1.9M	10x
Phoenix SNDK	0.0000%	1h	1,759.4	+0.034%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.1	+0.015%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759	+0.014%	$770	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,758.9	+0.005%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.6	−0.011%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.6	+0.044%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.9	−0.110%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.1	+0.076%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760	+0.067%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.3	+0.027%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.3	+0.026%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.340%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0035%	1h	1,759.3	+0.026%	$328K	$1.5M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.8	+0.001%	$253K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.4	+0.034%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDKshort	+0.0050%	1h	1,759.1	+0.017%	$118.4M	$158.9M	10x
Entropy io:SNDK	+0.0050%	1h	1,759.3	+0.028%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.4	−0.023%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759.1	+0.019%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.8	+0.002%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.3	+0.028%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.8	0.000%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.4	+0.035%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.1	+0.071%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.7	−0.005%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.8	+0.055%	$430K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0262%	4h	1,759.8	+0.057%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.4	+0.032%	$126K	$346K	20x	as long as short