Funding you earn now, next payment 02:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.045%
Price spread now: Entropy against ApeX Omni−0.022%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.022%, 7d avg −0.052%
=The price spread pays, funding is against you. Entropy is 0.029% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.052%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.181% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SNDKUSDT | 1,787.9 | 0.0100 | pay 0.0013% / 1h | 41m 15s | $69K | $269K | 50x |
| Short | Entropy io:SNDK | 1,787.5 | −0.0099 | pay 0.0012% / 1h | 41m 15s | $4.9M | $20.5M | 10x |
ApeX Omni SNDKUSDT
Entropy io:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.76
- Price spread: −0.022% → −0.052%
- $2.92
- Slippage, 4 orders
- −$17.92
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$84.76
- Costs to cover
- 0.459%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 26 min ago; Entropy: 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 ApeX Omni live order book, 26 min ago | 7.70 bp | 12.7 bp −$13 | 35.8 bp −$358 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 4 min ago | 0.28 bp | 10.5 bp −$10 | doesn't fit | 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 | 1,788 | +0.006% | $4.1M | $4.5M | 75x | as long as short |
| Entropy io:SNDKshort | −0.0099% | 1h | 1,787.5 | −0.022% | $4.9M | $20.5M | 10x | |
| Phoenix SNDK | −0.0045% | 1h | 1,787.9 | 0.000% | $278K | $193K | 15x | as long as short |
| QFEX SNDK-USD | −0.0024% | 1h | 1,787.1 | −0.045% | $1.8M | $17.4M | 10x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0019% | 1h | 1,787 | −0.053% | $51K | $328K | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,788.5 | +0.033% | $21.8M | $40.0M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,787.5 | −0.023% | $286.6M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,787.9 | −0.001% | $32.0M | $99.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,787.5 | −0.022% | $86.0M | $831.0M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,787.1 | −0.047% | $180.9M | $231.2M | 75x | as long as short |
BloFin SNDK-USDT
Phoenix SNDK
QFEX SNDK-USD
Deribit SNDK_USDC-PERPETUAL
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | 0.0000% | 8h | 1,787.3 | −0.031% | $47.5M | $164.2M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,786.9 | −0.055% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,788.1 | +0.009% | $22K | $1.1M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,787 | −0.049% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,786.2 | −0.095% | $727 | $3.7M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,786.9 | −0.054% | $1.5M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,786.9 | −0.055% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | +0.0002% | 1h | 1,787.9 | +0.002% | $363K | $1.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,788 | +0.004% | $683 | $37K | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0013% | 1h | 1,786.9 | −0.056% | $114.5M | $146.6M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,788.2 | +0.019% | $1.7M | $16.1M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,787.8 | −0.005% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,786.8 | −0.059% | $469K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.675% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,786.8 | −0.064% | $307K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,786.6 | −0.071% | — | $584K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,787.7 | −0.011% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,787.1 | −0.045% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,786.8 | −0.062% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,787.2 | −0.042% | $731K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,787.3 | −0.034% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,786.8 | −0.060% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0088% | 1h | 1,787.8 | −0.006% | $440K | $2.3M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,787.4 | −0.029% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,787.5 | −0.023% | $6.1M | $21.5M | 20x | as long as short |
| ApeX Omni SNDKUSDTlong | +0.0100% | 1h | 1,787.9 | long leg | $69K | $269K | 50x | |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.7 | −0.065% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0131% | 1h | 1,787.7 | −0.010% | $130K | $364K | 20x | as long as short |
| RISEx SNDK/USDC | +0.0257% | 1h | 1,788.5 | +0.032% | $171K | $1.8M | 20x | as long as short |
| edgeX SNDKUSDC | +0.0279% | 4h | 1,787.4 | −0.030% | $568K | $351K | 10x | as long as short |
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
Aftermath Perps SNDKUSD
tradeXYZ xyz:SNDK
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Coinbase International SNDK-PERP-INTX
Pacifica SNDK
KuCoin SNDKUSDTM
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
RISEx SNDK/USDC
edgeX SNDKUSDC