Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: Entropy against Polymarket Perps−0.017%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Polymarket Perps Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.017%, 7d avg +0.014%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.031% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,784.9	0.0050	pay 0.0006% / 1h	57m 23s	$187K	$134K	10x
Short	Entropy io:SNDK	1,784.6	0.0050	get 0.0006% / 1h	57m 23s	$4.9M	$20.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Polymarket Perps. 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 Polymarket PerpsbpFee EntropybpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.014%: −$3.13
Slippage, 4 orders: −$10.17
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$39.3
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Entropy: live order book, 10 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 Polymarket Perps live order book, 4 min ago	1.96 bp	6.0 bp −$6	7.3 bp −$73	9.3 bp −$926	doesn't fit
Sell Entropy live order book, 10 min ago	0.56 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,784.5	−0.022%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,784.9	−0.003%	$1.6M	$15.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.5	+0.035%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.3	+0.022%	$285.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.8	+0.051%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.6	+0.039%	$85.4M	$821.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.2	+0.075%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,785.4	+0.027%	$180.1M	$230.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.2	+0.016%	$43.8M	$163.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.2	−0.037%	$2.6M	$4.7M	—	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784	−0.049%	$19K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.2	+0.017%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.5	−0.024%	$912	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,785.4	+0.027%	$51K	$332K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.7	−0.013%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785	+0.007%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.3	+0.024%	$740	$37K	5x	as long as short
Nado SNDK-PERP	+0.0021%	1h	1,785.8	+0.052%	$359K	$1.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,782.5	−0.137%	$435K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.5	+0.032%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,784.9	−0.001%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.3	+0.025%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.844%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.2	−0.097%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.1	−0.044%	—	$581K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.9	0.000%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.4	+0.028%	$246K	$645K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,785.2	+0.017%	$114.5M	$146.0M	10x	as long as short
Entropy io:SNDKshort	+0.0050%	1h	1,784.6	−0.017%	$4.9M	$20.5M	10x
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,784.9	long leg	$187K	$134K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,784.1	−0.045%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.3	−0.034%	$1.4M	$5.0M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,785.9	+0.058%	$130K	$354K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.7	−0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,785	+0.006%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.6	−0.018%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,784.5	−0.022%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.4	−0.027%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0591%	4h	1,784.5	−0.022%	$567K	$354K	10x	as long as short