Funding you earn now, next payment 01:00 UTC−0.0438%/8h= −48.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.031%
Price spread now: Entropy against SoDEX−0.133%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 3 days (all we have)−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.133%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Entropy is 0.115% cheaper against SoDEX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.099% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX SNDK-USD | 1,783.8 | 0.0488 | pay 0.0061% / 1h | 50m 55s | $729K | $527K | 10x |
| Short | Entropy io:SNDK | 1,781.4 | 0.0050 | get 0.0006% / 1h | 50m 55s | $4.7M | $19.9M | 10x |
SoDEX SNDK-USD
Entropy io:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$92.07
- Price spread: −0.133% → −0.018%
- −$11.49
- Slippage, 4 orders
- −$10.13
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$139.69
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 23 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 SoDEX live order book, 23 min ago | 0.03 bp | 7.6 bp −$8 | 42.2 bp −$422 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 4 min ago | 0.28 bp | 10.3 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 | 1,783.9 | +0.007% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,783.8 | 0.000% | $21.9M | $46.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,783.9 | +0.004% | $285.7M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,784.3 | +0.031% | $32.2M | $100.9M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,784.2 | +0.024% | $86.4M | $836.6M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,783.9 | +0.008% | $182.7M | $232.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,783.8 | +0.002% | $48.2M | $169.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,784.1 | +0.018% | $2.6M | $4.6M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,782.4 | −0.080% | $9K | $1.1M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,782.8 | −0.054% | $278K | $195K | 15x | as long as short |
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SNDK-USDT | 0.0000% | 8h | 1,783.3 | −0.025% | $603 | $3.9M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,784.2 | +0.026% | $50K | $310K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,783.7 | −0.007% | $1.5M | $10.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,783.9 | +0.006% | $2.8M | $1.0M | 50x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,783.8 | −0.001% | $2.2M | $20.8M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,784.5 | +0.043% | $174K | $1.8M | 20x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,780.7 | −0.169% | $789 | $37K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,784.5 | +0.041% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,784.5 | +0.041% | $419K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.908% | $36 | $9K | 12x | as long as short |
| Lighter SNDK | +0.0040% | 1h | 1,784.8 | +0.056% | $1.6M | $16.0M | 20x | as long as short |
| Nado SNDK-PERP | +0.0040% | 1h | 1,784.4 | +0.034% | $354K | $1.4M | 10x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,780.7 | −0.175% | $285K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,783.8 | 0.000% | — | $675K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,784.3 | +0.030% | $246K | $660K | 20x | as long as short |
| Entropy io:SNDKshort | +0.0050% | 1h | 1,781.4 | −0.133% | $4.7M | $19.9M | 10x | |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,784.5 | +0.040% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,783.4 | −0.021% | $1.4M | $4.9M | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0053% | 1h | 1,784.2 | +0.024% | $186K | $139K | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,783.7 | −0.004% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,784.4 | +0.035% | $212K | $279K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,783.1 | −0.035% | $6.1M | $22.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,783.4 | −0.023% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,782.9 | −0.047% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,784.7 | +0.050% | $442K | $2.4M | 10x | as long as short |
| Bullet SNDK-USD | +0.0220% | 1h | 1,784.4 | +0.036% | $13K | $290K | 10x | as long as short |
| tradeXYZ xyz:SNDK | +0.0249% | 1h | 1,784.1 | +0.019% | $114.6M | $149.8M | 10x | as long as short |
| SoDEX SNDK-USDlong | +0.0488% | 1h | 1,783.8 | long leg | $729K | $527K | 10x | |
| Kraken Futures PF_SNDKUSD | +0.0662% | 1h | 1,784.6 | +0.048% | $130K | $399K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0902% | 4h | 1,781.7 | −0.115% | $566K | $354K | 10x | as long as short |
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
RISEx SNDK/USDC
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Lighter SNDK
Nado SNDK-PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Polymarket Perps SNDK-USD
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
Bullet SNDK-USD
tradeXYZ xyz:SNDK
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC