Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.011%

Price spread now: Entropy against Bitget+0.044%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Bitget Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.044%, 7d avg −0.071%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.115% dearer against Bitget than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.071%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.174% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,763.6	0	get 0.0000% / 8h	3h 00m	$44.1M	$162.8M	75x
Short	Entropy io:SNDK	1,764.4	−0.0029	pay 0.0004% / 1h	0m 20s	$4.8M	$19.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Bitget. 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 BitgetbpFee EntropybpOrdersPrice spread, now +0.044%Rate

Funding earned: −$6.11
Price spread: +0.044% → −0.071%: $11.53
Slippage, 4 orders: −$6.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$31.4
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Entropy: live order book, 5 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 Bitget live order book, 4 min ago	0.14 bp	7.7 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Entropy live order book, 5 min ago	0.85 bp	10.4 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	1,764.1	+0.025%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,764.6	+0.053%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDKshort	−0.0029%	1h	1,764.4	+0.044%	$4.8M	$19.8M	10x
QFEX SNDK-USD	−0.0019%	1h	1,763.9	+0.016%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767.2	+0.204%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,764.4	+0.046%	$336K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.6	+0.058%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.4	−0.010%	$279.6M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.2	+0.031%	$31.6M	$102.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.6	−0.001%	$82.4M	$828.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,765.3	+0.097%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.6	0.000%	$176.4M	$232.2M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,763.6	long leg	$44.1M	$162.8M	75x
Variational Omni SNDK	0.0000%	8h	1,763.1	−0.030%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,766.8	+0.178%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	+0.226%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.6	−0.001%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.1	−0.028%	$866	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.5	−0.005%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.5	−0.005%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763	−0.037%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,765.4	+0.102%	$657	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0019%	1h	1,761.7	−0.107%	—	$592K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,765	+0.078%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.4	+0.043%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.2	−0.022%	$422K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.061%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,764	+0.019%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764.4	+0.044%	$243K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.7	+0.007%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.7	+0.005%	$117.2M	$153.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.6	−0.001%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,763.3	−0.020%	$721K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,764.2	+0.033%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.1	−0.030%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.9	+0.017%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.8	+0.011%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.6	−0.057%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,763.9	+0.016%	$128K	$355K	20x	as long as short
edgeX SNDKUSDC	+0.0223%	4h	1,765.2	+0.088%	$561K	$353K	10x	as long as short