Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: KuCoin against Entropy+0.018%50s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.442% of the position

Long on Entropy Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.018%, 7d avg +0.040%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.022% cheaper against Entropy than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.040%). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,770.1	0.0050	pay 0.0006% / 1h	45m 58s	$4.5M	$20.5M	10x
Short	KuCoin SNDKUSDTM	1,770.4	0.0100	get 0.0100% / 8h	1h 45m	$6.0M	$22.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $10.5
Price spread: +0.018% → +0.040%: −$2.2
Slippage, 4 orders: −$14.23
Fee Entropy: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.92
Costs to cover: 0.442%
Break-even: 30.9 days

Slippage from Entropy: live order book, 1 min ago; KuCoin: live order book, 3 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	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.30 bp	10.2 bp −$10	40.5 bp −$405	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	1,770.1	−0.003%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,770	−0.005%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.1	+0.057%	$21.8M	$39.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.9	+0.044%	$286.3M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771	+0.049%	$31.7M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771	+0.051%	$87.7M	$845.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771	+0.049%	$183.2M	$241.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771	+0.051%	$49.6M	$171.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.6	+0.086%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.6	+0.086%	$20K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,771.4	+0.073%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.3	+0.011%	$13K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.1	−0.001%	$818	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.7	+0.034%	$49K	$242K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.2	+0.006%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.8	+0.039%	$2.8M	$962K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,770.8	+0.041%	$755	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,771.5	+0.078%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.3	+0.069%	$1.5M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.9	+0.045%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.3	+0.011%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.687%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,769.8	−0.015%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,769.6	−0.029%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.3	+0.011%	$244K	$672K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.7	+0.034%	$112.7M	$152.3M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,770.1	long leg	$4.5M	$20.5M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.2	+0.006%	$196K	$90K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.6	+0.027%	$724K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.9	+0.045%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.1	−0.001%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,773.3	+0.180%	$438K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0065%	1h	1,770.8	+0.039%	$309K	$1.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.5	+0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,770.4	+0.017%	$213K	$291K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,770.4	+0.018%	$6.0M	$22.8M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.5	+0.081%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,769.8	−0.017%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0202%	4h	1,771.5	+0.078%	$563K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,771.2	+0.064%	$129K	$415K	20x	as long as short