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 0.000%

Price spread now: Entropy against Binance+0.110%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

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

Long on Binance Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days−0.174%−$17 · spread now +0.110%, 7d avg −0.087%

Together, before fees−0.340%−$34 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 Entropy is 0.197% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,761.9	0	get 0.0000% / 8h	1h 05m	$278.9M	$1.87B	75x
Short	Entropy io:SNDK	1,763.8	0.0050	get 0.0006% / 1h	5m 14s	$4.7M	$19.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Binance. 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 BinancebpFee EntropybpOrdersPrice spread, now +0.110%Rate

Funding earned: $10.5
Price spread: +0.110% → −0.087%: $19.7
Slippage, 4 orders: −$3.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$0.85
Costs to cover: 0.311%
Break-even: 7.6 days

Slippage from Binance: live order book, 9 min ago; Entropy: live order book, 2 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 Binance live order book, 9 min ago	0.03 bp	5.0 bp −$5	6.2 bp −$62	14.8 bp −$1,476	doesn't fit
Sell Entropy live order book, 2 min ago	0.57 bp	10.9 bp −$11	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
Bitget SNDKUSDT	−0.0265%	8h	1,762.6	+0.044%	$48.6M	$167.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	+0.013%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,762.2	+0.022%	$1.4M	$10.2M	10x	as long as short
KuCoin SNDKUSDTM	−0.0001%	8h	1,762.3	+0.024%	$6.0M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.056%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,761.9	long leg	$278.9M	$1.87B	75x
Bybit SNDKUSDT	0.0000%	8h	1,762.3	+0.026%	$31.7M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762	+0.008%	$82.3M	$836.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.9	+0.116%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.5	+0.038%	$177.4M	$231.7M	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	1,763.6	+0.099%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.6	+0.097%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.1	+0.070%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.5	+0.038%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.7	+0.049%	$709	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.4	+0.033%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.8	+0.052%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.8	+0.053%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763.4	+0.088%	$712	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760.9	−0.053%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0031%	1h	1,764.2	+0.131%	$328K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.2	+0.019%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.2	+0.020%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.162%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762.7	+0.047%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.8	+0.053%	$242K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.7	+0.048%	$118.9M	$158.9M	10x	as long as short
Entropy io:SNDKshort	+0.0050%	1h	1,763.8	+0.110%	$4.7M	$19.6M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.6	−0.015%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.1	+0.014%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.6	+0.099%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.2	+0.133%	$1.4M	$5.2M	5x	as long as short
Lighter SNDK	+0.0056%	1h	1,763.6	+0.097%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.1	+0.016%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.8	+0.110%	$198K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.2	+0.132%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.1	+0.016%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.051%	$431K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0128%	4h	1,763	+0.067%	$560K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,762.9	+0.059%	$127K	$340K	20x	as long as short