Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0107%/8h= −11.8% APRpaid last 24h −0.034%

Price spread now: BloFin against Entropy+0.126%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Entropy Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.126%, 7d avg +0.034%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.092% dearer against Entropy than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.034%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.127%, 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	1,757.9	−0.0013	get 0.0002% / 1h	28m 13s	$4.7M	$19.8M	10x
Short	BloFin SNDK-USDT	1,760.1	−0.0120	pay 0.0120% / 8h	2h 28m	$4.0M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$22.57
Price spread: +0.126% → +0.034%: $9.2
Slippage, 4 orders: −$7.64
Fee Entropy: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.01
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Entropy: live order book, 9 min ago; BloFin: 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 Entropy live order book, 9 min ago	1.14 bp	12.2 bp −$12	15.6 bp −$156	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.26 bp	6.3 bp −$6	6.9 bp −$69	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	−0.0253%	8h	1,756.3	−0.091%	$44.5M	$162.4M	75x	as long as short
BloFin SNDK-USDTshort	−0.0120%	8h	1,760.1	+0.126%	$4.0M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0046%	8h	1,756	−0.111%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDKlong	−0.0013%	1h	1,757.9	long leg	$4.7M	$19.8M	10x
QFEX SNDK-USD	−0.0004%	1h	1,754.8	−0.177%	$1.4M	$10.7M	10x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,756.7	−0.069%	$329K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,757.3	−0.037%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,756.5	−0.081%	$279.1M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,756.5	−0.080%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,756.5	−0.080%	$81.4M	$826.0M	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	1,756.3	−0.093%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,756.5	−0.079%	$175.1M	$230.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.8	+0.049%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760	+0.117%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	+0.142%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,755.6	−0.132%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,755.2	−0.156%	$839	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,755.5	−0.137%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,755.1	−0.162%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,756.1	−0.102%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0008%	1h	1,753.7	−0.237%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.9	+0.111%	$655	$38K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,756.4	−0.086%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,756.8	−0.062%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,754.9	−0.172%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.393%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.6	+0.038%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.9	−0.114%	$242K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,755.4	−0.141%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,756.5	−0.080%	$117.3M	$156.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,755.3	−0.148%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,755.3	−0.148%	$718K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.2	−0.097%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,757.2	−0.042%	$1.7M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.057%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,755.4	−0.142%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,756.4	−0.085%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,754.5	−0.195%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,755.4	−0.141%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0180%	4h	1,757.2	−0.038%	$558K	$353K	10x	as long as short