Settings8H · net · $10k
Funding arb · Price arb /

SNDK

RWAall SNDK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.006%
Price spread now: Entropy against Aster−0.036%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$340.342% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 7 days+0.007%+$1 · spread now −0.036%, 7d avg −0.070%
Together, before fees−0.054%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Entropy is 0.034% dearer against Aster than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.070%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.061% in total) that is about 3.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SNDKUSD11,786.50get 0.0000% / 8h3h 54m$21.8M$34.6M20x
ShortEntropy io:SNDK1,785.9−0.0127pay 0.0016% / 1h54m 11s$4.9M$19.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Aster. 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

Funding earned
−$26.65
Price spread: −0.036% → −0.070%
$3.4
Slippage, 4 orders
−$8.18
Fee Aster: 4 bp × 2 orders
−$8
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$57.44
Costs to cover
0.342%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; Entropy: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago1.17 bp5.9 bp −$610.4 bp −$104doesn't fitdoesn't fit
Sell Entropy live order book, 3 min ago0.28 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:SNDKshort−0.0127%1h1,785.9−0.036%$4.9M$19.8M10x
BloFin SNDK-USDT−0.0120%8h1,785−0.087%$4.0M$4.4M75xas long as short
Phoenix SNDK−0.0089%1h1,785.6−0.053%$278K$193K15xas long as short
Nado SNDK-PERP−0.0050%1h1,786.1−0.024%$349K$1.5M10xas long as short
KuCoin SNDKUSDTM−0.0034%8h1,785.7−0.045%$6.1M$22.2M20xas long as short
QFEX SNDK-USD−0.0019%1h1,785−0.084%$1.4M$12.7M10xas long as short
Coinbase International SNDK-PERP-INTX−0.0008%1h1,785.6−0.054%$436K$2.3M10xas long as short
Aster SNDKUSD1long0.0000%8h1,786.5long leg$21.8M$34.6M20x
Binance SNDKUSDT0.0000%8h1,785.1−0.078%$284.2M$1.80B75xas long as short
Bybit SNDKUSDT0.0000%8h1,785.4−0.062%$32.3M$100.8M100xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SNDK-USDT-SWAP0.0000%8h1,784.9−0.092%$83.6M$825.6M75xas long as short
RISEx SNDK/USDC0.0000%1h1,786.6+0.001%$171K$1.6M20xas long as short
Gate SNDK_USDT0.0000%8h1,784.8−0.096%$180.3M$228.6M75xas long as short
Bitget SNDKUSDT0.0000%8h1,785−0.086%$43.8M$161.7M75xas long as short
Variational Omni SNDK0.0000%8h1,784.9−0.092%$2.6M$4.7Mas long as short
GRVT SNDK_USDT_Perp0.0000%8h1,785.5−0.056%$20K$1.5M10xas long as short
Bullet SNDK-USD0.0000%1h1,785−0.086%$14K$288K10xas long as short
SunX SNDK-USDT0.0000%8h1,783.7−0.162%$804$3.6M20xas long as short
Deribit SNDK_USDC-PERPETUAL0.0000%1h1,785.3−0.069%$51K$345K10xas long as short
HTX SNDK-USDT0.0000%8h1,784.2−0.134%$1.4M$10.7M50xas long as short
Phemex SNDKUSDT0.0000%8h1,784.8−0.100%$2.8M$1.1M50xas long as short
Aftermath Perps SNDKUSD+0.0005%1h1,786.8+0.015%$665$38K5xas long as short
Lighter SNDK+0.0032%1h1,785.9−0.034%$1.7M$15.5M20xas long as short
Lighter RH SNDK+0.0032%1h1,785.4−0.066%$1.4M$9.4M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,785.5−0.059%$439K$1.9M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+0.751%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,785.1−0.083%$277K$1.4M10xas long as short
Vest SNDK-USD-PERP+0.0046%1h1,784.8−0.097%$581K10xas long as short
Popdex SNDKUSDT+0.0048%1h1,785.3−0.069%$245K$648K20xas long as short
Paradex SNDK-USD-PERP+0.0050%8h1,785.3−0.071%5xas long as short
tradeXYZ xyz:SNDK+0.0050%1h1,785.4−0.064%$118.2M$149.6M10xas long as short
Polymarket Perps SNDK-USD+0.0050%1h1,784.9−0.092%$187K$128K10xas long as short
SoDEX SNDK-USD+0.0050%1h1,784.9−0.093%$730K$514K10xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,784.3−0.125%$1.4M$5.1M5xas long as short
Aevo SNDK-PERP+0.0080%1h1,784.5−0.113%$1K10xas long as short
Pacifica SNDK+0.0100%1h1,785.6−0.054%$199K$289K10xas long as short
ApeX Omni SNDKUSDT+0.0100%1h1,786.6+0.005%$69K$270K50xas long as short
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,784.3−0.127%$8K$3K20xas long as short
Kraken Futures PF_SNDKUSD+0.0121%1h1,785.5−0.056%$130K$352K20xas long as short
edgeX SNDKUSDC+0.0930%4h1,785.7−0.045%$567K$351K10xas long as short