Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: GRVT against Phemex−0.179%7-day average −0.009% · 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−$72as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.179%, 7d avg −0.009%

Together, before fees+0.400%+ Points / potential airdropGRVT: Active · farm board+$40 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: GRVT is 0.170% cheaper against Phemex than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,771.5	0	get 0.0000% / 8h	1h 59m	$2.8M	$953K	50x
Short	GRVT SNDK_USDT_Perp	1,768.4	0	get 0.0000% / 8h	1h 59m	$10K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.009%: −$17
Slippage, 4 orders: −$34.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$72.36
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; GRVT: live order book, 4 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 Phemex live order book, 4 min ago	2.63 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	0.25 bp	4.8 bp −$5	7.6 bp −$76	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	1,771.5	−0.001%	$4.2M	$4.6M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.6	−0.166%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,770.7	−0.049%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.2	−0.016%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.4	−0.006%	$287.1M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.7	+0.011%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.7	+0.009%	$87.8M	$848.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.5	−0.003%	$183.5M	$241.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.6	+0.003%	$49.6M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.5	−0.170%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perpshort	0.0000%	8h	1,768.4	−0.179%	$10K	$1.0M	10x
Bullet SNDK-USD	0.0000%	1h	1,770.9	−0.036%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771	−0.028%	$1K	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,772.4	+0.049%	$49K	$233K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.5	−0.003%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,771.5	long leg	$2.8M	$953K	50x
Aftermath Perps SNDKUSD	+0.0005%	1h	1,770	−0.088%	$681	$38K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,770.8	−0.040%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.4	+0.046%	$1.5M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.1	+0.029%	$1.4M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.8	−0.040%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.604%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,769.6	−0.109%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,769.4	−0.119%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.2	−0.019%	$244K	$679K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.4	−0.121%	$4.6M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.1	−0.025%	$196K	$185K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.3	−0.070%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.1	−0.082%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,770.2	−0.077%	$434K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.5	−0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,770.2	−0.076%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.3	−0.070%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.4	−0.121%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.6	−0.051%	$8K	$2K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0106%	1h	1,771.6	+0.003%	$112.2M	$152.0M	10x	as long as short
SoDEX SNDK-USD	+0.0146%	1h	1,770.3	−0.073%	$724K	$550K	10x	as long as short
Nado SNDK-PERP	+0.0209%	1h	1,769.9	−0.095%	$308K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0272%	4h	1,768.6	−0.164%	$562K	$356K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0387%	1h	1,767.6	−0.221%	$129K	$416K	20x	as long as short