Funding you earn now, next payment 05:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.011%
Price spread now: Bullet against Entropy−0.118%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 3 days (all we have)+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.118%, 7d avg +0.025%
=Funding pays, the price is against you. Bullet is 0.144% cheaper against Entropy than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.025%). If the spread goes back, that is −$14 on $10k: about 23 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:SNDK | 1,776.4 | −0.0021 | get 0.0003% / 1h | 26m 10s | $4.8M | $19.9M | 10x |
| Short | Bullet SNDK-USD | 1,774.3 | 0 | get 0.0000% / 1h | 26m 10s | $14K | $286K | 10x |
Entropy io:SNDK
Bullet SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Entropy. 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
- $4.45
- Price spread: −0.118% → +0.025%
- −$14.37
- Slippage, 4 orders
- −$8.07
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$43.99
- Costs to cover
- 0.341%
- Break-even
- 76.2 days
Slippage from Entropy: live order book, 1 min ago; Bullet: live order book, 28 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, 1 min ago | 1.13 bp | 10.3 bp −$10 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 28 min ago | 0.56 bp | 6.4 bp −$6 | 20.3 bp −$203 | 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 | 1,775.9 | −0.030% | $4.0M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0041% | 8h | 1,775.6 | −0.047% | $6.1M | $22.1M | 20x | as long as short |
| Nado SNDK-PERP | −0.0035% | 1h | 1,775.6 | −0.043% | $345K | $1.5M | 10x | as long as short |
| Entropy io:SNDKlong | −0.0021% | 1h | 1,776.4 | long leg | $4.8M | $19.9M | 10x | |
| QFEX SNDK-USD | −0.0019% | 1h | 1,773.9 | −0.141% | $1.4M | $12.1M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,774.8 | −0.088% | $431K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,776 | −0.025% | $21.7M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,774.2 | −0.123% | $282.0M | $1.81B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,774.9 | −0.084% | $32.2M | $101.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,774.3 | −0.118% | $82.5M | $824.9M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Nado SNDK-PERP
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx SNDK/USDC | 0.0000% | 1h | 1,775.4 | −0.058% | $169K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,774.2 | −0.126% | $177.1M | $230.2M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,774.2 | −0.122% | $44.3M | $162.3M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.5 | +0.064% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,777.9 | +0.082% | $20K | $1.6M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,777.5 | +0.062% | $277K | $193K | 15x | as long as short |
| Bullet SNDK-USDshort | 0.0000% | 1h | 1,774.3 | −0.118% | $14K | $286K | 10x | |
| SunX SNDK-USDT | 0.0000% | 8h | 1,772.8 | −0.204% | $1K | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,774.5 | −0.105% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,773.7 | −0.150% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,774.3 | −0.119% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0007% | 1h | 1,777 | +0.034% | $734 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,775.4 | −0.054% | $1.7M | $15.7M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,774.5 | −0.110% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,774.3 | −0.117% | $437K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.326% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,775.8 | −0.034% | $265K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,773.3 | −0.172% | — | $580K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,774.6 | −0.101% | $245K | $651K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,773.7 | −0.151% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,774.1 | −0.129% | $117.2M | $151.7M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,774.2 | −0.124% | $186K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,774.4 | −0.115% | $725K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,777.8 | +0.079% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,774 | −0.136% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,774.5 | −0.106% | $197K | $288K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,778.3 | +0.108% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,774.2 | −0.125% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,774.4 | −0.114% | $128K | $353K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0403% | 4h | 1,777.3 | +0.051% | $564K | $351K | 10x | as long as short |
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC