SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.007%

Price spread now: QFEX against Entropy+0.001%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.001%, 7d avg +0.028%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.027% cheaper against Entropy than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.028%). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,789.8	−0.0075	get 0.0009% / 1h	19m 17s	$4.9M	$19.9M	10x
Short	QFEX SNDK-USD	1,789.8	−0.0033	pay 0.0004% / 1h	19m 17s	$1.4M	$13.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $8.87
Price spread: +0.001% → +0.028%: −$2.69
Slippage, 4 orders: −$7.29
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.11
Costs to cover: 0.353%
Break-even: 30.0 days

Slippage from Entropy: live order book, 6 min ago; QFEX: live order book, 5 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, 6 min ago	0.28 bp	10.2 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	0.14 bp	7.5 bp −$7	8.8 bp −$88	13.5 bp −$1,353	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	1,790.3	+0.028%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.1	+0.017%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0082%	1h	1,790.7	+0.049%	$349K	$1.5M	10x	as long as short
Entropy io:SNDKlong	−0.0075%	1h	1,789.8	long leg	$4.9M	$19.9M	10x
QFEX SNDK-USDshort	−0.0033%	1h	1,789.8	+0.001%	$1.4M	$13.3M	10x
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.229%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0009%	8h	1,789.4	−0.023%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.7	+0.049%	$21.8M	$36.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790	+0.014%	$287.3M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.5	+0.037%	$32.6M	$100.2M	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-SWAP	0.0000%	8h	1,789.8	0.000%	$84.2M	$826.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.1	+0.073%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	+0.004%	$180.3M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.8	−0.001%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	+0.024%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.010%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.9	+0.006%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.053%	$918	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.3	+0.025%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.7	−0.005%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.1	+0.014%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,790.3	+0.028%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791	+0.068%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.046%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.011%	$486K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.568%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.9	−0.053%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.1	+0.017%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.9	+0.005%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	+0.006%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.9	+0.003%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.1	+0.017%	$115.3M	$146.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.6	−0.011%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.8	+0.002%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	+0.028%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	−0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790	+0.012%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.7	+0.052%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.4	−0.025%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0709%	4h	1,789.1	−0.039%	$568K	$352K	10x	as long as short