Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.007%

Price spread now: Entropy against BloFin−0.024%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on BloFin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$13 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.024%, 7d avg −0.035%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.125%, 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	BloFin SNDK-USDT	1,773.6	−0.0120	get 0.0120% / 8h	1h 06m	$4.1M	$4.5M	75x
Short	Entropy io:SNDK	1,773.2	−0.0074	pay 0.0009% / 1h	6m 59s	$4.5M	$20.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against BloFin. 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 BloFinbpFee EntropybpOrdersPrice spread, now −0.024%Rate

Funding earned: $9.67
Price spread: −0.024% → −0.035%: $1.09
Slippage, 4 orders: −$3.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$22.29
Costs to cover: 0.330%
Break-even: 23.1 days

Slippage from BloFin: live order book, 7 min ago; Entropy: live order book, 10 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 BloFin live order book, 7 min ago	0.03 bp	6.1 bp −$6	6.8 bp −$68	doesn't fit	doesn't fit
Sell Entropy live order book, 10 min ago	0.28 bp	10.6 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
BloFin SNDK-USDTlong	−0.0120%	8h	1,773.6	long leg	$4.1M	$4.5M	75x
Entropy io:SNDKshort	−0.0074%	1h	1,773.2	−0.024%	$4.5M	$20.4M	10x
QFEX SNDK-USD	−0.0007%	1h	1,773.5	−0.006%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.1	+0.029%	$21.9M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.6	+0.001%	$285.3M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774	+0.022%	$31.8M	$105.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.1	+0.027%	$87.4M	$842.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.9	+0.016%	$183.6M	$241.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.8	+0.010%	$49.6M	$169.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.2	−0.021%	$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_Perp	0.0000%	8h	1,774.2	+0.034%	$13K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,773.5	−0.007%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.6	0.000%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773	−0.033%	$826	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.8	+0.012%	$49K	$263K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.7	+0.003%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.7	+0.006%	$2.8M	$991K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.9	+0.014%	$683	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.7	+0.059%	$173K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.3	+0.041%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.8	+0.008%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.3	−0.016%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.485%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.1	−0.032%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.1	−0.032%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.7	+0.005%	$245K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.4	−0.012%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.3	−0.018%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.6	−0.004%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.4	−0.013%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.9	+0.016%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,775	+0.075%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.5	−0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.7	+0.004%	$213K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.3	−0.020%	$6.0M	$22.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,773.9	+0.016%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.8	−0.048%	$8K	$2K	20x	as long as short
Nado SNDK-PERP	+0.0114%	1h	1,773.7	+0.005%	$385K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.3	+0.037%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0635%	4h	1,773.3	−0.019%	$563K	$354K	10x	as long as short