Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.011%

Price spread now: Entropy against Gate+0.041%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$410.413% of the position

Long on Gate Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.041%, 7d avg −0.073%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.114% dearer against Gate than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.073%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,784.8	0	get 0.0000% / 8h	3h 52m	$180.3M	$228.6M	75x
Short	Entropy io:SNDK	1,785.5	−0.0144	pay 0.0018% / 1h	52m 47s	$4.9M	$19.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Gate. 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 GatebpFee EntropybpOrdersPrice spread, now +0.041%Rate

Funding earned: −$30.14
Price spread: +0.041% → −0.073%: $11.38
Slippage, 4 orders: −$8.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$60.09
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Entropy: 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 Gate live order book, 1 min ago	0.48 bp	8.7 bp −$9	17.7 bp −$177	37.8 bp −$3,779	60.3 bp −$30.2K
Sell Entropy live order book, 4 min ago	0.28 bp	10.7 bp −$11	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
Entropy io:SNDKshort	−0.0144%	1h	1,785.5	+0.041%	$4.9M	$19.8M	10x
BloFin SNDK-USDT	−0.0120%	8h	1,785.2	+0.023%	$4.0M	$4.4M	75x	as long as short
Nado SNDK-PERP	−0.0056%	1h	1,786	+0.068%	$349K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0036%	8h	1,785.8	+0.060%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,784.5	−0.015%	$1.4M	$12.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,785.5	+0.043%	$436K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.102%	$21.8M	$34.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.6	−0.008%	$284.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.2	+0.023%	$32.3M	$100.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.2	−0.032%	$83.6M	$824.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,786	+0.067%	$171K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,784.8	long leg	$180.3M	$228.6M	75x
Bitget SNDKUSDT	0.0000%	8h	1,784.7	−0.003%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.9	+0.007%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.5	+0.043%	$20K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,785.6	+0.047%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.9	+0.008%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.1	−0.096%	$934	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,785.2	+0.026%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.7	−0.002%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785	+0.011%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,786.6	+0.102%	$665	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.1	+0.076%	$1.7M	$15.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.6	+0.044%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.5	+0.040%	$438K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.851%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	+0.004%	$277K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.5	−0.016%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.9	+0.007%	$245K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,785.1	+0.017%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,785	+0.013%	$118.2M	$149.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.7	−0.004%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.3	+0.027%	$730K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	−0.026%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.6	−0.009%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785	+0.013%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	+0.059%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.2	−0.031%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,785.5	+0.038%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0366%	4h	1,784.5	−0.013%	$567K	$352K	10x	as long as short