Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h −0.015%

Price spread now: Entropy against KuCoin−0.030%50s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as 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−$510.510% of the position

Long on KuCoin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.030%, 7d avg −0.041%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 50 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	KuCoin SNDKUSDTM	1,778.6	0.0100	pay 0.0100% / 8h	43m 53s	$6.0M	$22.2M	20x
Short	Entropy io:SNDK	1,778.1	−0.0045	pay 0.0006% / 1h	43m 53s	$4.5M	$20.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against KuCoin. 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 KuCoinbpFee EntropybpOrdersPrice spread, now −0.030%Rate

Funding earned: −$30.37
Price spread: −0.030% → −0.041%: $1.02
Slippage, 4 orders: −$21.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$80.4
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	0.28 bp	15.6 bp −$16	57.7 bp −$577	doesn't fit	doesn't fit
Sell Entropy live order book, 3 min ago	0.28 bp	10.4 bp −$10	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	1,778.6	−0.004%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDKshort	−0.0045%	1h	1,778.1	−0.030%	$4.5M	$20.5M	10x
QFEX SNDK-USD	−0.0004%	1h	1,778.4	−0.015%	$2.2M	$21.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,779.3	+0.040%	$22.0M	$46.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,779.2	+0.033%	$284.6M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,779.4	+0.042%	$31.9M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,779.5	+0.048%	$87.4M	$845.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,779.2	+0.031%	$184.2M	$239.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,779.4	+0.041%	$49.6M	$170.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,779.1	+0.025%	$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	1,779.2	+0.033%	$15K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.7	+0.003%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,779.3	+0.037%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,778	−0.034%	$965	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.9	+0.013%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,779.2	+0.034%	$2.8M	$1.0M	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0009%	1h	1,779.3	+0.034%	$50K	$277K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,778.7	+0.001%	$731	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.9	+0.069%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.4	+0.042%	$1.3M	$9.9M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,778.6	−0.001%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.199%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.6	−0.005%	$285K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.6	−0.003%	—	$670K	10x	as long as short
edgeX SNDKUSDC	+0.0048%	4h	1,778.5	−0.007%	$565K	$355K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,779	+0.020%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,778.9	+0.015%	$113.4M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.8	+0.009%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.2	+0.031%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	+0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,779.1	+0.026%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,779.1	+0.026%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779.4	+0.043%	$442K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778.6	−0.004%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTMlong	+0.0100%	8h	1,778.6	long leg	$6.0M	$22.2M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,779.6	+0.055%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,778.8	+0.008%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0176%	1h	1,780.2	+0.087%	$1.6M	$16.2M	20x	as long as short
Nado SNDK-PERP	+0.0193%	1h	1,778.9	+0.015%	$387K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,779.7	+0.057%	$129K	$407K	20x	as long as short