Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.016%

Price spread now: SunX against Entropy−0.080%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Entropy Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.080%, 7d avg −0.010%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.070% cheaper against Entropy than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,769.4	0.0050	pay 0.0006% / 1h	59m 26s	$4.6M	$20.5M	10x
Short	SunX SNDK-USDT	1,768	0	get 0.0000% / 8h	1h 59m	$877	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$10.5
Price spread: −0.080% → −0.010%: −$7.01
Slippage, 4 orders: −$59.36
Fee Entropy: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$102.87
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from Entropy: live order book, 6 min ago; SunX: live order book, 8 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	9.8 bp −$10	13.9 bp −$139	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	28.07 bp	32.1 bp −$32	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
BloFin SNDK-USDT	−0.0120%	8h	1,768.5	−0.053%	$4.2M	$4.5M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,768.6	−0.045%	$275K	$195K	15x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,770.7	+0.072%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.9	+0.083%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.3	+0.105%	$287.1M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.3	+0.109%	$31.6M	$105.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.4	+0.113%	$87.8M	$847.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771	+0.091%	$183.6M	$241.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.1	+0.096%	$49.6M	$171.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,768.5	−0.050%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.4	−0.059%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.9	+0.085%	$14K	$294K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,768	−0.080%	$877	$4.0M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.2	+0.101%	$49K	$233K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769.6	+0.014%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771	+0.088%	$2.8M	$952K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,770	+0.032%	$681	$38K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,770.8	+0.081%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,770.8	+0.081%	$1.5M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.4	+0.058%	$1.4M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770	+0.034%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.727%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.2	+0.044%	$434K	$2.4M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,769.6	+0.012%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,769.4	+0.002%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.2	+0.102%	$244K	$679K	20x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,769.4	long leg	$4.6M	$20.5M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.1	+0.096%	$196K	$185K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,769.2	−0.014%	$723K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.3	+0.051%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,770.1	+0.039%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,771.2	+0.102%	$129K	$416K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.2	+0.045%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,770.2	+0.045%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.1	+0.038%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.4	−0.001%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.6	+0.070%	$8K	$2K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0170%	1h	1,770.8	+0.079%	$112.2M	$152.0M	10x	as long as short
Nado SNDK-PERP	+0.0209%	1h	1,769.9	+0.026%	$308K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0272%	4h	1,768.6	−0.043%	$562K	$356K	10x	as long as short