Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h +0.013%

Price spread now: Bybit against Entropy+0.072%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$370.366% of the position

Long on Entropy Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.072%, 7d avg +0.077%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,787.4	−0.0048	get 0.0006% / 1h	33m 44s	$4.9M	$20.2M	10x
Short	Bybit SNDKUSDT	1,788.7	0	get 0.0000% / 8h	5h 33m	$32.1M	$99.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.072%Rate

Funding earned: $10.06
Price spread: +0.072% → +0.077%: −$0.55
Slippage, 4 orders: −$7.62
Fee Entropy: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.12
Costs to cover: 0.366%
Break-even: 25.9 days

Slippage from Entropy: live order book, 1 min ago; Bybit: 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, 1 min ago	0.28 bp	11.3 bp −$11	13.0 bp −$130	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.78 bp	7.6 bp −$8	10.0 bp −$100	32.9 bp −$3,292	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	1,787.1	−0.015%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.4	−0.056%	$278K	$193K	15x	as long as short
Entropy io:SNDKlong	−0.0048%	1h	1,787.4	long leg	$4.9M	$20.2M	10x
Nado SNDK-PERP	−0.0037%	1h	1,787.7	+0.016%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,787	−0.023%	$1.5M	$14.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.3	+0.052%	$21.8M	$37.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.6	+0.065%	$286.2M	$1.80B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,788.7	+0.072%	$32.1M	$99.6M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.5	+0.062%	$85.2M	$823.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,788	+0.034%	$170K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,788.2	+0.042%	$180.5M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,787.9	+0.026%	$43.8M	$161.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.2	−0.010%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,787.3	−0.005%	$18K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787.5	+0.004%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.4	−0.056%	$414	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787.4	+0.002%	$51K	$338K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.8	−0.032%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,788.1	+0.039%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.3	−0.006%	$665	$38K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.095%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.4	+0.111%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.9	+0.086%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.1	+0.041%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.703%	$36	$9K	12x	as long as short
tradeXYZ xyz:SNDK	+0.0037%	1h	1,788.2	+0.045%	$114.5M	$145.6M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.7	−0.097%	$313K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.8	−0.033%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.5	+0.006%	$246K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,788.4	+0.054%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,787	−0.022%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.4	−0.002%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.6	−0.045%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,787.8	+0.020%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787	−0.025%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0092%	8h	1,787.3	−0.004%	$6.1M	$21.7M	20x	as long as short
Pacifica SNDK	+0.0094%	1h	1,788.5	+0.059%	$199K	$292K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.9	+0.026%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.5	−0.050%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0751%	4h	1,786.8	−0.031%	$567K	$352K	10x	as long as short