Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.032%

Price spread now: Orderly against Entropy−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.029% cheaper against Entropy than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 47 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,773.5	0.0050	pay 0.0006% / 1h	57m 16s	$4.5M	$19.2M	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,773	0.0100	get 0.0100% / 8h	5h 57m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.029%Rate

Funding earned: $10.5
Price spread: −0.029% → 0.000%: −$2.93
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.43
Costs to cover: 0.240%
Break-even: 18.0 days

Slippage unknown: Entropy: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	9.7 bp −$10	15.6 bp −$156	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0258%	1h	1,772	−0.083%	$167K	$384K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,773.8	+0.019%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,772.7	−0.047%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.1	+0.036%	$21.6M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.6	+0.007%	$283.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.1	+0.031%	$31.5M	$106.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.9	+0.023%	$82.5M	$843.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.4	−0.008%	$182.1M	$218.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.3	−0.011%	$49.8M	$172.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,775.8	+0.132%	$2.7M	$4.8M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,774	+0.028%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.5	−0.002%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.6	−0.050%	$730	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773	−0.030%	$29K	$407K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.6	−0.048%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774	+0.030%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,774.2	+0.040%	$684	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.2	+0.041%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.3	−0.014%	$432K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.492%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772	−0.084%	$271K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,773.5	−0.003%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.8	−0.039%	$245K	$700K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.5	0.000%	$121.4M	$153.4M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,773.5	long leg	$4.5M	$19.2M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,772.5	−0.056%	$187K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.6	+0.005%	$728K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774.3	+0.045%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0054%	8h	1,772.6	−0.053%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0057%	1h	1,772.9	−0.032%	$335K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,772.8	−0.038%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.5	0.000%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,775.2	+0.097%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,773	−0.029%	$8K	$3K	20x
Lighter SNDK	+0.0120%	1h	1,774.6	+0.060%	$1.8M	$16.7M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,774.2	+0.037%	$447K	$2.2M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0188%	8h	1,774.5	+0.055%	$22K	$2.4M	10x	as long as short
edgeX SNDKUSDC	+0.0869%	4h	1,775.8	+0.131%	$564K	$340K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,775.3	+0.100%	$146K	$1.5M	20x	as long as short