Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.004%

Price spread now: OKX against Entropy+0.166%53s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$320.317% of the position

Long on Entropy Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.166%, 7d avg +0.063%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.103% dearer against Entropy than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.063%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.073%, so the current rate has only just turned against you. The two prices were read 53 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	1,747.7	0.0050	pay 0.0006% / 1h	21m 55s	$4.5M	$19.4M	10x
Short	OKX SNDK-USDT-SWAP	1,750.6	0	get 0.0000% / 8h	7h 21m	$81.6M	$826.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$10.5
Price spread: +0.166% → +0.063%: $10.31
Slippage, 4 orders: −$3.69
Fee Entropy: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$31.88
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Entropy: live order book, 5 min ago; OKX: live order book, 2 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, 5 min ago	0.29 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.29 bp	5.3 bp −$5	5.8 bp −$58	11.9 bp −$1,193	51.0 bp −$25.5K

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
GRVT SNDK_USDT_Perp	−0.0386%	8h	1,745.2	−0.142%	$20K	$2.2M	10x	as long as short
Bitget SNDKUSDT	−0.0221%	8h	1,750.6	+0.168%	$49.8M	$168.1M	75x	as long as short
HTX SNDK-USDT	−0.0122%	8h	1,749.6	+0.111%	$1.4M	$10.0M	50x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,748	+0.015%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0039%	8h	1,749	+0.075%	$6.0M	$22.6M	20x	as long as short
Nado SNDK-PERP	−0.0021%	1h	1,749.1	+0.078%	$333K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,749.9	+0.124%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,750.3	+0.151%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,750.9	+0.185%	$278.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,751	+0.189%	$32.0M	$105.0M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,750.6	+0.166%	$81.6M	$826.5M	75x
RISEx SNDK/USDC	0.0000%	1h	1,749.3	+0.094%	$135K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,750.2	+0.142%	$179.5M	$220.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,743.6	−0.235%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,745.2	−0.143%	$272K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,749.8	+0.121%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,750.1	+0.134%	$935	$3.3M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,750.6	+0.168%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,748	+0.017%	—	$585K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,746.8	−0.050%	$667	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,750.4	+0.154%	$1.7M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,749.9	+0.128%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,748.7	+0.059%	$384K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.990%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,748.9	+0.068%	$250K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,750	+0.132%	$248K	$665K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,749.2	+0.086%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,750.2	+0.143%	$118.8M	$158.8M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,747.7	long leg	$4.5M	$19.4M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,748.6	+0.051%	$184K	$127K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.9	+0.066%	$715K	$521K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,749.7	+0.114%	$1.3M	$5.3M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,749.6	+0.111%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,750	+0.130%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.8	−0.054%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,749	+0.076%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,749.4	+0.096%	$427K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,750.7	+0.174%	$127K	$350K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0573%	1h	1,750.4	+0.154%	$50K	$360K	10x	as long as short
edgeX SNDKUSDC	+0.0981%	4h	1,744.5	−0.186%	$554K	$349K	10x	as long as short