Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.057%
Price spread now: Pacifica against Entropy−0.003%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.003%, 7d avg +0.023%
=Together, before fees+0.148%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.026% cheaper against Entropy than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.023%). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.051% in total) that is about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:SNDK | 1,769.7 | 0.0050 | pay 0.0006% / 1h | 21m 54s | $4.5M | $20.4M | 10x |
| Short | Pacifica SNDK | 1,769.6 | 0.0100 | get 0.0013% / 1h | 21m 54s | $213K | $291K | 10x |
Entropy io:SNDK
Pacifica SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Entropy. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.003% → +0.023%
- −$2.61
- Slippage, 4 orders
- −$6.8
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$24.91
- Costs to cover
- 0.328%
- Break-even
- 23.6 days
Slippage from Entropy: live order book, 5 min ago; Pacifica: live order book, 1 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 | 0.28 bp | 11.1 bp −$11 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 1 min ago | 0.85 bp | 5.9 bp −$6 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SNDK_USDC-PERPETUAL | −0.0433% | 1h | 1,769.8 | +0.004% | $49K | $227K | 10x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,769.7 | −0.001% | $4.1M | $4.5M | 75x | as long as short |
| Arcus SNDK-USD | −0.0085% | 1h | 1,769.4 | −0.018% | $283K | $1.7M | 10x | as long as short |
| Phoenix SNDK | −0.0045% | 1h | 1,771.3 | +0.090% | $276K | $195K | 15x | as long as short |
| QFEX SNDK-USD | −0.0008% | 1h | 1,769.6 | −0.005% | $2.2M | $21.9M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,770.1 | +0.021% | $21.8M | $39.7M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,769.5 | −0.013% | $286.6M | $1.90B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,770 | +0.017% | $31.5M | $105.7M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,769.8 | +0.006% | $87.8M | $846.9M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,770.4 | +0.041% | $162K | $1.8M | 20x | as long as short |
Deribit SNDK_USDC-PERPETUAL
BloFin SNDK-USDT
Arcus SNDK-USD
Phoenix SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,769.6 | −0.008% | $183.8M | $244.8M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,769.4 | −0.019% | $49.8M | $171.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,769.9 | +0.013% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,769.7 | −0.002% | $10K | $1.0M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,769.4 | −0.019% | $14K | $294K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,768.9 | −0.045% | $950 | $4.0M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,769.7 | +0.001% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,769.3 | −0.021% | $2.8M | $936K | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0002% | 1h | 1,769.7 | −0.001% | $709 | $37K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,770.4 | +0.042% | $1.5M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,770.4 | +0.042% | $1.4M | $10.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,769.9 | +0.014% | $410K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.710% | $36 | $19K | 12x | as long as short |
| Vest SNDK-USD-PERP | +0.0036% | 1h | 1,769.9 | +0.009% | — | $670K | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0040% | 1h | 1,769.6 | −0.005% | $434K | $2.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,769.4 | −0.017% | $244K | $680K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,770.1 | +0.023% | $111.9M | $151.8M | 10x | as long as short |
| Entropy io:SNDKlong | +0.0050% | 1h | 1,769.7 | long leg | $4.5M | $20.4M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,769.4 | −0.017% | $196K | $185K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,769.4 | −0.019% | $723K | $547K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769.9 | +0.011% | $1.4M | $4.8M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,770.2 | +0.028% | — | — | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0070% | 1h | 1,770 | +0.017% | $128K | $414K | 20x | as long as short |
| Nado SNDK-PERP | +0.0077% | 1h | 1,770.6 | +0.053% | $309K | $1.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,769.3 | −0.022% | $1K | — | 10x | as long as short |
| Pacifica SNDKshort | +0.0100% | 1h | 1,769.6 | −0.003% | $213K | $291K | 10x | |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,768.9 | −0.044% | $6.0M | $22.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,770 | +0.016% | $68K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,769.2 | −0.029% | $8K | $2K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0443% | 4h | 1,769.3 | −0.024% | $562K | $353K | 10x | as long as short |
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Vest SNDK-USD-PERP
Coinbase International SNDK-PERP-INTX
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Kraken Futures PF_SNDKUSD
Nado SNDK-PERP
Aevo SNDK-PERP
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC