Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.027%

Price spread now: Bitget against Entropy+0.073%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Entropy Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.073%, 7d avg +0.073%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.184%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,772.7	0.0016	pay 0.0002% / 1h	30m 12s	$4.5M	$20.5M	10x
Short	Bitget SNDKUSDT	1,774	0	get 0.0000% / 8h	1h 30m	$49.6M	$169.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Entropy. 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 EntropybpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$3.33
Price spread: +0.073% → +0.073%: $0.06
Slippage, 4 orders: −$6.89
Fee Entropy: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.16
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Entropy: live order book, 7 min ago; Bitget: 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 Entropy live order book, 7 min ago	0.85 bp	10.5 bp −$10	16.4 bp −$164	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.09 bp	8.0 bp −$8	13.4 bp −$134	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	1,773.4	+0.037%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,773.3	+0.034%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	+0.064%	$21.9M	$42.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.6	+0.050%	$286.2M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774	+0.071%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.9	+0.068%	$87.7M	$842.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.7	+0.059%	$183.3M	$241.5M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,774	+0.073%	$49.6M	$169.9M	75x
Variational Omni SNDK	0.0000%	8h	1,773	+0.017%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.3	−0.020%	$21K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.7	+0.056%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	+0.056%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.6	+0.051%	$791	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.6	+0.052%	$49K	$253K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773.1	+0.021%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.8	+0.064%	$2.8M	$973K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.3	+0.033%	$717	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,774.2	+0.087%	$167K	$1.8M	20x	as long as short
Entropy io:SNDKlong	+0.0016%	1h	1,772.7	long leg	$4.5M	$20.5M	10x
Lighter SNDK	+0.0032%	1h	1,774.4	+0.095%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.9	+0.066%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.4	+0.037%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.538%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773	+0.015%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,772.8	+0.006%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.7	+0.056%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.6	+0.051%	$113.0M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.4	+0.039%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.6	+0.050%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,773.4	+0.038%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.7	0.000%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.3	+0.091%	$441K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0070%	1h	1,773.7	+0.054%	$321K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.4	+0.040%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.2	+0.029%	$213K	$290K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,772.9	+0.013%	$6.0M	$22.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.9	+0.010%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.9	+0.014%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,774.3	+0.090%	$129K	$415K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,773.2	+0.028%	$563K	$355K	10x	as long as short