Funding you earn now, next payment 06:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Entropy against Coinbase International−0.159%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.159%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.116% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SNDK-PERP-INTX | 1,766.2 | 0.0112 | pay 0.0014% / 1h | 55m 18s | $432K | $2.3M | 10x |
| Short | Entropy io:SNDK | 1,763.4 | 0.0050 | get 0.0006% / 1h | 55m 18s | $4.7M | $19.9M | 10x |
Coinbase International SNDK-PERP-INTX
Entropy io:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.02
- Price spread: −0.159% → −0.043%
- −$11.57
- Slippage, 4 orders
- −$7.57
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$60.16
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Entropy: live order book, just now.
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 Coinbase International live order book, 4 min ago | 1.58 bp | 6.7 bp −$7 | 12.0 bp −$120 | 40.9 bp −$4,094 | doesn't fit |
| Sell Entropy live order book, just now | 0.85 bp | 10.3 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0223% | 8h | 1,762.4 | −0.217% | $47.3M | $165.2M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,762.1 | −0.234% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0016% | 8h | 1,762.5 | −0.209% | $6.0M | $22.2M | 20x | as long as short |
| QFEX SNDK-USD | −0.0008% | 1h | 1,762.4 | −0.213% | $1.3M | $10.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,763.2 | −0.168% | $21.5M | $33.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,762.1 | −0.230% | $279.9M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,762.4 | −0.217% | $31.7M | $103.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,762 | −0.238% | $82.1M | $833.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,763.3 | −0.163% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,762 | −0.240% | $176.8M | $229.9M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,761.3 | −0.278% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,763.4 | −0.162% | $14K | $1.9M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,766.7 | +0.028% | $275K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,761.6 | −0.259% | $14K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,761.6 | −0.264% | $1K | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,762.2 | −0.227% | $51K | $350K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,761 | −0.294% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,762 | −0.238% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0015% | 1h | 1,764.9 | −0.074% | $657 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0018% | 1h | 1,760.4 | −0.331% | — | $581K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,762.2 | −0.226% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,761.8 | −0.249% | $484K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.911% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,763 | −0.184% | $257K | $1.5M | 10x | as long as short |
| Nado SNDK-PERP | +0.0045% | 1h | 1,762.5 | −0.211% | $328K | $1.5M | 10x | as long as short |
| Lighter SNDK | +0.0048% | 1h | 1,762.7 | −0.197% | $1.8M | $16.2M | 20x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,762.5 | −0.210% | $243K | $675K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,762.1 | −0.233% | $118.7M | $158.4M | 10x | as long as short |
| Entropy io:SNDKshort | +0.0050% | 1h | 1,763.4 | −0.159% | $4.7M | $19.9M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,761.2 | −0.284% | $184K | $131K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,761.9 | −0.247% | $720K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,762.1 | −0.234% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,761.5 | −0.267% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,761.7 | −0.253% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,762.4 | −0.216% | $196K | $303K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,763.9 | −0.130% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,761.9 | −0.242% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTXlong | +0.0112% | 1h | 1,766.2 | long leg | $432K | $2.3M | 10x | |
| Kraken Futures PF_SNDKUSD | +0.0401% | 1h | 1,762.4 | −0.218% | $127K | $347K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0883% | 4h | 1,766 | −0.014% | $561K | $351K | 10x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Nado SNDK-PERP
Lighter SNDK
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC