Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Polymarket Perps against Entropy+0.034%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Entropy Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.034%, 7d avg −0.015%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.050% dearer against Entropy than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,762.2	0.0050	pay 0.0006% / 1h	18m 17s	$4.5M	$19.2M	10x
Short	Polymarket Perps SNDK-USD	1,762.8	0.0050	get 0.0006% / 1h	18m 17s	$186K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.015%: $4.95
Slippage, 4 orders: −$8.94
Fee Entropy: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.99
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Entropy: live order book, 2 min ago; Polymarket Perps: live order book, 32 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, 2 min ago	0.28 bp	11.4 bp −$11	15.8 bp −$158	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 32 min ago	2.28 bp	7.4 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit

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
BloFin SNDK-USDT	−0.0120%	8h	1,762.6	+0.023%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0024%	1h	1,762.7	+0.027%	$325K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0023%	8h	1,763.3	+0.060%	$49.8M	$168.2M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.1	−0.005%	$21.5M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.9	+0.039%	$279.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.8	+0.033%	$31.6M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.5	+0.074%	$82.3M	$826.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.1	+0.050%	$137K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.1	+0.050%	$181.7M	$218.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.5	−0.039%	$2.7M	$4.7M	—	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	1,761.4	−0.045%	$274K	$189K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.2	+0.057%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.1	+0.052%	$746	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.2	+0.001%	$37K	$387K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.6	+0.022%	$1.4M	$9.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.1	+0.052%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	0.0000%	1h	1,762.3	+0.006%	$1.5M	$9.4M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0005%	8h	1,761.7	−0.027%	$21K	$2.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,762.5	+0.016%	$673	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.9	+0.039%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.9	−0.016%	$392K	$2.3M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.143%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,763.4	+0.070%	$1.7M	$16.7M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.9	−0.018%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,762.6	+0.023%	—	$569K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.9	+0.040%	$245K	$681K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.9	+0.040%	$120.1M	$155.0M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,762.2	long leg	$4.5M	$19.2M	10x
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,762.8	+0.034%	$186K	$130K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,762.6	+0.021%	$723K	$517K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	−0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.8	−0.023%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.9	+0.040%	$1K	—	10x	as long as short
KuCoin SNDKUSDTM	+0.0097%	8h	1,761.2	−0.056%	$6.1M	$22.8M	20x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.1	−0.006%	$197K	$306K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	+0.012%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.3	+0.007%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0136%	1h	1,764.7	+0.143%	$442K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0553%	1h	1,762	−0.013%	$163K	$377K	20x	as long as short
edgeX SNDKUSDC	+0.0657%	4h	1,761.9	−0.017%	$560K	$339K	10x	as long as short