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: GRVT against Pacifica+0.001%52s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as 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−$240.243% of the position

Long on Pacifica Short on GRVT

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)−0.038%−$4 · spread now +0.001%, 7d avg +0.005%

Together, before fees+0.015%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$2 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 paid +0.053%, so the current rate has only just turned against you. The two prices were read 52 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	Pacifica SNDK	1,769.6	0.0100	pay 0.0013% / 1h	21m 56s	$213K	$291K	10x
Short	GRVT SNDK_USDT_Perp	1,769.7	0	get 0.0000% / 8h	2h 21m	$10K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Pacifica. 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 PacificabpFee GRVTbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$21
Price spread: +0.001% → +0.005%: −$0.37
Slippage, 4 orders: −$7.33
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.7
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; GRVT: 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 Pacifica live order book, 1 min ago	0.85 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.27 bp	6.4 bp −$6	8.5 bp −$85	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	+0.007%	$49K	$227K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,769.7	+0.002%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,769.4	−0.015%	$283K	$1.7M	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,771.3	+0.093%	$276K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,769.6	−0.002%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.1	+0.024%	$21.8M	$39.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.5	−0.010%	$286.6M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770	+0.020%	$31.5M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.8	+0.008%	$87.8M	$846.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.4	+0.044%	$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	1,769.6	−0.006%	$183.8M	$244.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,769.4	−0.016%	$49.8M	$171.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.9	+0.016%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,769.7	+0.001%	$10K	$1.0M	10x
Bullet SNDK-USD	0.0000%	1h	1,769.4	−0.016%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.9	−0.042%	$950	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.7	+0.004%	$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	+0.002%	$709	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,770.4	+0.045%	$1.5M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.4	+0.045%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.9	+0.017%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.713%	$36	$19K	12x	as long as short
Vest SNDK-USD-PERP	+0.0036%	1h	1,769.9	+0.012%	—	$670K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,769.6	−0.002%	$434K	$2.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.4	−0.014%	$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	+0.003%	$4.5M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,769.4	−0.014%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.4	−0.016%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.9	+0.014%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.2	+0.030%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,770	+0.020%	$128K	$414K	20x	as long as short
Nado SNDK-PERP	+0.0077%	1h	1,770.6	+0.056%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,769.3	−0.019%	$1K	—	10x	as long as short
Pacifica SNDKlong	+0.0100%	1h	1,769.6	long leg	$213K	$291K	10x
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.9	−0.041%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,770	+0.019%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.2	−0.026%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0443%	4h	1,769.3	−0.021%	$562K	$353K	10x	as long as short