SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.022%

Price spread now: Entropy against tradeXYZ+0.023%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on tradeXYZ Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.023%, 7d avg −0.019%

Together, before fees−0.068%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.042% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.019%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.045% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SNDK	1,775.9	0.0050	pay 0.0006% / 1h	14m 06s	$113.2M	$151.9M	10x
Short	Entropy io:SNDK	1,776.3	−0.0084	pay 0.0010% / 1h	14m 06s	$4.6M	$20.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 tradeXYZbpFee EntropybpOrdersPrice spread, now +0.023%Rate

Funding earned: −$28.13
Price spread: +0.023% → −0.019%: $4.19
Slippage, 4 orders: −$2.85
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$62.79
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	0.28 bp	9.5 bp −$10	10.7 bp −$107	14.4 bp −$1,438	doesn't fit
Sell Entropy live order book, 3 min ago	0.28 bp	10.1 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	1,776.6	+0.041%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDKshort	−0.0084%	1h	1,776.3	+0.023%	$4.6M	$20.4M	10x
QFEX SNDK-USD	−0.0004%	1h	1,776.2	+0.019%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,777.1	+0.066%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,776.2	+0.015%	$283.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.6	+0.039%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.8	−0.006%	$86.8M	$844.9M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.7	−0.009%	$183.8M	$240.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.7	−0.013%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.100%	$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	1,777.9	+0.113%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.096%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,776	+0.006%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	−0.064%	$845	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,776.4	+0.030%	$50K	$303K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775.8	−0.007%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.8	−0.007%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.4	+0.082%	$671	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,777.4	+0.084%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776	+0.006%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776.3	+0.022%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.355%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	−0.005%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,776.2	+0.017%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.5	+0.034%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDKlong	+0.0050%	1h	1,775.9	long leg	$113.2M	$151.9M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,775.6	−0.017%	$203K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.6	−0.018%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,776.4	+0.029%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	+0.062%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.8	−0.004%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.176%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.5	+0.032%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,776.9	+0.059%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.2	+0.127%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.2	+0.014%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,776.4	+0.030%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0165%	1h	1,776.3	+0.025%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0394%	4h	1,777.5	+0.091%	$565K	$356K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,776.5	+0.032%	$129K	$406K	20x	as long as short