SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.011%

Price spread now: Entropy against Bullet+0.168%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Bullet Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.168%, 7d avg −0.025%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.194% dearer against Bullet than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of −0.025%): +$19 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,770.8	0	get 0.0000% / 1h	23m 17s	$14K	$287K	10x
Short	Entropy io:SNDK	1,773.8	−0.0050	pay 0.0006% / 1h	23m 17s	$4.8M	$19.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Bullet. 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 BulletbpFee EntropybpOrdersPrice spread, now +0.168%Rate

Funding earned: −$10.45
Price spread: +0.168% → −0.025%: $19.35
Slippage, 4 orders: −$8.07
Fee Bullet: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$25.17
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Bullet: live order book, 31 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 Bullet live order book, 31 min ago	0.56 bp	6.3 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell Entropy live order book, 4 min ago	1.13 bp	11.1 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-USDT	−0.0120%	8h	1,770.2	−0.038%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDKshort	−0.0050%	1h	1,773.8	+0.168%	$4.8M	$19.7M	10x
KuCoin SNDKUSDTM	−0.0045%	8h	1,772.2	+0.078%	$6.1M	$22.0M	20x	as long as short
Nado SNDK-PERP	−0.0028%	1h	1,771.4	+0.033%	$344K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,770.6	−0.014%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,771	+0.012%	$430K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	+0.166%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.9	+0.004%	$281.5M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771	+0.008%	$32.1M	$101.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.4	−0.024%	$82.1M	$824.5M	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	1,772.5	+0.093%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,770.6	−0.013%	$176.4M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,770.5	−0.016%	$44.3M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.1	+0.183%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	+0.022%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	+0.049%	$276K	$193K	15x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,770.8	long leg	$14K	$287K	10x
SunX SNDK-USDT	0.0000%	8h	1,769.5	−0.073%	$848	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.9	+0.006%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.1	−0.041%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.3	−0.027%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774.6	+0.215%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.5	+0.039%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.8	0.000%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.4	−0.024%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.645%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772.6	+0.097%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.5	−0.132%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.3	+0.027%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.5	−0.020%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.5	−0.018%	$117.1M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.3	−0.030%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.6	−0.012%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.9	+0.004%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.2	−0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771	+0.008%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	+0.337%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.3	−0.029%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,770.8	−0.001%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0410%	4h	1,777	+0.350%	$564K	$351K	10x	as long as short