Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.002%

Price spread now: Entropy against Binance−0.017%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Binance Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days−0.054%−$5 · spread now −0.017%, 7d avg −0.086%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Entropy is 0.070% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.086%. Mind the row above: over the last 7 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SNDKUSDT	1,761.4	0	get 0.0000% / 8h	8m 40s	$280.0M	$1.86B	75x
Short	Entropy io:SNDK	1,761.1	0.0050	get 0.0006% / 1h	8m 40s	$4.6M	$19.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Binance. 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 BinancebpFee EntropybpOrdersPrice spread, now −0.017%Rate

Funding earned: $10.5
Price spread: −0.017% → −0.086%: $6.96
Slippage, 4 orders: −$4.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$14.62
Costs to cover: 0.321%
Break-even: 16.7 days

Slippage from Binance: live order book, 5 min ago; Entropy: live order book, 8 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 Binance live order book, 5 min ago	0.03 bp	5.2 bp −$5	6.7 bp −$67	14.9 bp −$1,494	doesn't fit
Sell Entropy live order book, 8 min ago	0.28 bp	11.3 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
Bitget SNDKUSDT	−0.0252%	8h	1,761.9	+0.031%	$48.3M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.5	+0.007%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0004%	8h	1,760.8	−0.034%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,762.1	+0.039%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.3	−0.006%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.8	+0.026%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDTlong	0.0000%	8h	1,761.4	long leg	$280.0M	$1.86B	75x
Bybit SNDKUSDT	0.0000%	8h	1,761.7	+0.017%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.1	−0.017%	$82.3M	$833.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.5	+0.061%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,761.8	+0.022%	$179.2M	$229.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760	−0.078%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.065%	$22K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.6	+0.012%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.5	+0.003%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.4	0.000%	$786	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.4	−0.003%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.6	−0.104%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.5	+0.008%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,759.3	−0.118%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,761.9	+0.026%	$715	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.6	+0.009%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.4	−0.001%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.189%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,762	+0.034%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.1	−0.076%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.012%	$242K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.3	−0.005%	$119.9M	$157.5M	10x	as long as short
Entropy io:SNDKshort	+0.0050%	1h	1,761.1	−0.017%	$4.6M	$19.5M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.6	−0.045%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.3	−0.004%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.3	−0.004%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.1	−0.017%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.3	−0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.5	+0.004%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.5	−0.049%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.3	−0.008%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.058%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762	+0.034%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,760	−0.082%	$559K	$350K	10x	as long as short