Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h —

Price spread now: Entropy against Paradex+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Entropy is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SNDK-USD-PERP	1,772.8	0.0050	pay 0.0050% / 8h	3h 20m	—	—	5x
Short	Entropy io:SNDK	1,773.2	−0.0064	pay 0.0008% / 1h	20m 59s	$4.8M	$19.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Paradex. 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 ParadexbpFee EntropybpOrdersPrice spread, now +0.025%Rate

Funding earned: −$23.9
Price spread: +0.025% → 0.000%: $2.5
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$43.41
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Entropy: live order book, 6 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Entropy live order book, 6 min ago	1.13 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,772.9	+0.010%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDKshort	−0.0064%	1h	1,773.2	+0.025%	$4.8M	$19.8M	10x
KuCoin SNDKUSDTM	−0.0047%	8h	1,772.9	+0.005%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0025%	1h	1,773.7	+0.052%	$349K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,772.9	+0.010%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.074%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.8	+0.060%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773	+0.013%	$281.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.1	+0.020%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773	+0.014%	$82.2M	$827.0M	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	1,773.5	+0.044%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.7	−0.006%	$176.7M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.9	+0.006%	$44.3M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.3	+0.032%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	−0.087%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	−0.133%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	+0.051%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.5	−0.015%	$711	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773	+0.015%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773	+0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.7	+0.051%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.9	+0.062%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.3	+0.028%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.2	−0.032%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.534%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.8	−0.056%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.3	−0.137%	—	$579K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.2	+0.025%	$245K	$653K	20x	as long as short
Paradex SNDK-USD-PERPlong	+0.0050%	8h	1,772.8	long leg	—	—	5x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.7	−0.003%	$117.3M	$152.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	+0.025%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.4	−0.021%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.2	+0.025%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.2	+0.023%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0083%	1h	1,773.7	+0.055%	$51K	$346K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.5	+0.043%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.9	−0.049%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.6	−0.007%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774.2	+0.079%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0143%	4h	1,770.7	−0.113%	$562K	$352K	10x	as long as short