Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: SoDEX against Entropy+0.074%7-day average +0.017% · 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−$30as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Entropy Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.074%, 7d avg +0.017%

Together, before fees+0.049%+$5 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: SoDEX is 0.056% dearer against Entropy than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,790.1	0.0050	pay 0.0006% / 1h	4m 49s	$4.8M	$20.3M	10x
Short	SoDEX SNDK-USD	1,791.4	0.0050	get 0.0006% / 1h	4m 49s	$732K	$515K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.017%: $5.63
Slippage, 4 orders: −$10.02
Fee Entropy: 9 bp × 2 orders: −$18
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.39
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Entropy: live order book, 2 min ago; SoDEX: live order book, 4 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	10.0 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.03 bp	7.7 bp −$8	38.0 bp −$380	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
BloFin SNDK-USDT	−0.0120%	8h	1,791.8	+0.092%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.2	+0.061%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.3	+0.065%	$287.3M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,792.1	+0.113%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,792	+0.106%	$86.9M	$833.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,791.8	+0.096%	$182.4M	$235.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,791.9	+0.098%	$47.9M	$164.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,791.3	+0.066%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.4	−0.039%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,790.9	+0.045%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,791.4	+0.073%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,790.3	+0.013%	$1K	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,791.7	+0.087%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.8	+0.039%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791.7	+0.087%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791.4	+0.072%	$1.9M	$18.6M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.1	+0.112%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0004%	1h	1,791.6	+0.085%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,791	+0.051%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.6	+0.140%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,792.1	+0.112%	$1.4M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,791.5	+0.077%	$458K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.551%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790	−0.007%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.9	+0.044%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,792	+0.106%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.4	+0.073%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.6	+0.084%	$115.1M	$146.4M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,790.1	long leg	$4.8M	$20.3M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,791.4	+0.073%	$188K	$135K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,791.4	+0.074%	$732K	$515K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.8	+0.039%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,791.3	+0.066%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.3	+0.067%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,790.5	+0.020%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.3	−0.047%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.6	+0.030%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.127%	$442K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,792.1	+0.112%	$130K	$366K	20x	as long as short
edgeX SNDKUSDC	+0.0796%	4h	1,790.8	+0.037%	$569K	$354K	10x	as long as short