Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.006%

Price spread now: Entropy against Aster−0.026%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Aster Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.026%, 7d avg −0.070%

Together, before fees−0.064%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.044% dearer against Aster than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.070%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.061% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,790.2	0	get 0.0000% / 8h	4h 12m	$21.8M	$36.0M	20x
Short	Entropy io:SNDK	1,789.7	−0.0059	pay 0.0007% / 1h	12m 38s	$4.9M	$20.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Aster. 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 AsterbpFee EntropybpOrdersPrice spread, now −0.026%Rate

Funding earned: −$12.33
Price spread: −0.026% → −0.070%: $4.41
Slippage, 4 orders: −$5.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$39.23
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Aster: live order book, 1 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 Aster live order book, 1 min ago	0.81 bp	5.5 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Entropy live order book, 3 min ago	0.28 bp	10.9 bp −$11	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	1,790.2	+0.001%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790	−0.009%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0075%	1h	1,790.4	+0.013%	$349K	$1.5M	10x	as long as short
Entropy io:SNDKshort	−0.0059%	1h	1,789.7	−0.026%	$4.9M	$20.0M	10x
QFEX SNDK-USD	−0.0033%	1h	1,789.8	−0.019%	$1.4M	$13.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,790.7	+0.030%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,789.3	−0.050%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,790.2	long leg	$21.8M	$36.0M	20x
Binance SNDKUSDT	0.0000%	8h	1,790.4	+0.011%	$285.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	+0.015%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.3	+0.008%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791	+0.047%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.9	−0.015%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790	−0.009%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	−0.027%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.030%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.9	−0.014%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789	−0.067%	$798	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.2	+0.003%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.8	−0.018%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.2	0.000%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.3	+0.008%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.9	+0.039%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.6	+0.025%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.2	+0.005%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.547%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.088%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.6	+0.022%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.7	−0.026%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.4	+0.013%	$247K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.7	−0.026%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.3	+0.008%	$118.0M	$148.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.8	−0.020%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.8	−0.021%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.003%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.7	−0.027%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.2	+0.001%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.028%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.7	−0.026%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.062%	$568K	$353K	10x	as long as short