Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.3% APRpaid last 24h +0.012%

Price spread now: Gate against Entropy+0.043%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Entropy Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.043%, 7d avg +0.073%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.030% cheaper against Entropy than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.073%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,788	−0.0122	get 0.0015% / 1h	44m 20s	$4.9M	$19.9M	10x
Short	Gate SNDK_USDT	1,788.8	0	get 0.0000% / 8h	4h 44m	$180.0M	$230.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: $25.6
Price spread: +0.043% → +0.073%: −$2.98
Slippage, 4 orders: −$7.16
Fee Entropy: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.53
Costs to cover: 0.402%
Break-even: 11.8 days

Slippage from Entropy: live order book, 3 min ago; Gate: 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, 3 min ago	0.28 bp	10.5 bp −$11	12.7 bp −$127	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.89 bp	9.5 bp −$9	25.9 bp −$259	38.7 bp −$3,869	62.0 bp −$31.0K

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
Entropy io:SNDKlong	−0.0122%	1h	1,788	long leg	$4.9M	$19.9M	10x
BloFin SNDK-USDT	−0.0120%	8h	1,787.6	−0.020%	$4.1M	$4.4M	75x	as long as short
Nado SNDK-PERP	−0.0105%	1h	1,789.3	+0.070%	$310K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,787.3	−0.039%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,787.9	−0.004%	$1.5M	$13.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.129%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.5	+0.027%	$21.7M	$37.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.7	+0.038%	$286.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.1	+0.059%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.9	+0.050%	$84.7M	$824.9M	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	1,789.4	+0.076%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,788.8	+0.043%	$180.0M	$230.7M	75x
Bitget SNDKUSDT	0.0000%	8h	1,788.6	+0.035%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.3	−0.041%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.9	−0.063%	$14K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,788.6	+0.034%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.6	−0.080%	$929	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787.8	−0.010%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.9	−0.062%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787.6	−0.025%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,788.8	+0.042%	$666	$37K	5x	as long as short
Popdex SNDKUSDT	+0.0016%	1h	1,788.6	+0.034%	$246K	$647K	20x	as long as short
KuCoin SNDKUSDTM	+0.0019%	8h	1,787.5	−0.026%	$6.1M	$22.3M	20x	as long as short
tradeXYZ xyz:SNDK	+0.0021%	1h	1,788.8	+0.045%	$115.0M	$146.2M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,789.5	+0.081%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.7	+0.041%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.8	+0.043%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.669%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.064%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,788.2	+0.010%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.2	+0.011%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,788.4	+0.023%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.2	+0.011%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.7	−0.018%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,788	0.000%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.3	+0.015%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.5	+0.025%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.4	+0.022%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,787.8	−0.013%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0668%	4h	1,786.9	−0.059%	$568K	$353K	10x	as long as short