Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.007%

Price spread now: Entropy against GRVT−0.067%48s7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.354% of the position

Long on GRVT Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.067%, 7d avg −0.075%

Together, before fees−0.116%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SNDK_USDT_Perp	1,763.6	0	get 0.0000% / 8h	1h 04m	$20K	$2.0M	10x
Short	Entropy io:SNDK	1,762.4	0.0050	get 0.0006% / 1h	4m 13s	$4.6M	$19.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against GRVT. 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 GRVTbpFee EntropybpOrdersPrice spread, now −0.067%Rate

Funding earned: $10.5
Price spread: −0.067% → −0.075%: $0.83
Slippage, 4 orders: −$8.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$24.11
Costs to cover: 0.354%
Break-even: 23.1 days

Slippage from GRVT: live order book, 4 min ago; Entropy: live order book, 3 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 GRVT live order book, 4 min ago	1.02 bp	8.2 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit
Sell Entropy live order book, 3 min ago	0.57 bp	10.9 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
Bitget SNDKUSDT	−0.0265%	8h	1,762.1	−0.085%	$48.6M	$167.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.1	−0.084%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.5	−0.176%	$1.4M	$10.1M	10x	as long as short
KuCoin SNDKUSDTM	−0.0003%	8h	1,761.1	−0.139%	$6.0M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.5	−0.061%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.5	−0.116%	$279.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.9	−0.098%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762	−0.089%	$82.2M	$836.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762	−0.087%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.7	−0.109%	$177.4M	$231.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,763.6	+0.002%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perplong	0.0000%	8h	1,763.6	long leg	$20K	$2.0M	10x
Phoenix SNDK	0.0000%	1h	1,763.1	−0.027%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.8	−0.098%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.8	−0.101%	$780	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.5	−0.121%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761	−0.148%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.1	−0.081%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763.1	−0.029%	$674	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.6	−0.223%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0031%	1h	1,761.5	−0.116%	$327K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.7	−0.109%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.3	−0.129%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.063%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,762	−0.087%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761	−0.146%	$242K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.2	−0.135%	$118.8M	$159.0M	10x	as long as short
Entropy io:SNDKshort	+0.0050%	1h	1,762.4	−0.067%	$4.6M	$19.6M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.7	−0.163%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.7	−0.106%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.9	−0.149%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.8	−0.157%	$1.4M	$5.2M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,762.6	−0.053%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.4	−0.123%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.2	−0.134%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.2	+0.034%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.6	−0.113%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.148%	$431K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0128%	4h	1,763	−0.031%	$560K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,761.7	−0.104%	$127K	$340K	20x	as long as short