SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0495%/8h= +54.2% APRnext payment +$0.62 per $10,000 · paid last 24h +0.072%

Price spread now: Kraken Futures against Entropy+0.119%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Entropy Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.796%+$80 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.119%, 7d avg +0.035%

Together, before fees+0.668%+$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.084% dearer against Entropy than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,778.1	−0.0040	get 0.0005% / 1h	46m 18s	$4.5M	$20.5M	10x
Short	Kraken Futures PF_SNDKUSD	1,780.2	0.0455	get 0.0057% / 1h	46m 18s	$130K	$407K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.119%Rate

Funding earned: $103.96
Price spread: +0.119% → +0.035%: $8.4
Slippage, 4 orders: −$18.64
Fee Entropy: 9 bp × 2 orders: −$18
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $65.72
Costs to cover: 0.466%
Break-even: 2.6 days

Slippage from Entropy: live order book, 1 min ago; Kraken Futures: live order book, 31 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	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 31 min ago	1.69 bp	11.7 bp −$12	35.1 bp −$351	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	1,779.3	+0.066%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDKlong	−0.0040%	1h	1,778.1	long leg	$4.5M	$20.5M	10x
QFEX SNDK-USD	−0.0004%	1h	1,779.1	+0.058%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.5	+0.081%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.5	+0.080%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.6	+0.087%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.7	+0.090%	$87.4M	$845.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.3	+0.066%	$184.3M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.6	+0.084%	$49.7M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.9	−0.014%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,779.2	+0.064%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	+0.034%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.6	+0.087%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.2	+0.064%	$984	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	+0.044%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.5	+0.078%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.6	+0.030%	$703	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,780.2	+0.120%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.5	+0.080%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	+0.028%	$410K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.229%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.8	+0.042%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.9	+0.046%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	+0.024%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779.4	+0.073%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.9	+0.045%	$113.3M	$151.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,779.1	+0.056%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.4	+0.075%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.2	+0.060%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	+0.056%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	+0.057%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	+0.073%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.2	+0.062%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,778.5	+0.024%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.5	+0.024%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.4	+0.019%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0184%	1h	1,780.3	+0.123%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0197%	1h	1,778.9	+0.046%	$387K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0323%	1h	1,779.8	+0.096%	$50K	$276K	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0455%	1h	1,780.2	+0.119%	$130K	$407K	20x