Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.033%

Price spread now: Entropy against BloFin+0.162%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on BloFin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.162%, 7d avg −0.033%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Entropy is 0.195% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.126%, 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	BloFin SNDK-USDT	1,777	−0.0120	get 0.0120% / 8h	3h 40m	$4.0M	$4.4M	75x
Short	Entropy io:SNDK	1,779.9	−0.0101	pay 0.0013% / 1h	40m 51s	$4.8M	$19.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against BloFin. 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 BloFinbpFee EntropybpOrdersPrice spread, now +0.162%Rate

Funding earned: $3.9
Price spread: +0.162% → −0.033%: $19.49
Slippage, 4 orders: −$4.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$11.16
Costs to cover: 0.346%
Break-even: 27.0 days

Slippage from BloFin: live order book, 3 min ago; Entropy: live order book, 6 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 BloFin live order book, 3 min ago	0.03 bp	6.3 bp −$6	6.9 bp −$69	13.1 bp −$1,307	doesn't fit
Sell Entropy live order book, 6 min ago	0.28 bp	11.0 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-USDTlong	−0.0120%	8h	1,777	long leg	$4.0M	$4.4M	75x
Entropy io:SNDKshort	−0.0101%	1h	1,779.9	+0.162%	$4.8M	$19.9M	10x
KuCoin SNDKUSDTM	−0.0043%	8h	1,777.6	+0.032%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0038%	1h	1,779.6	+0.144%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,778.2	+0.064%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.179%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.2	+0.068%	$21.7M	$33.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,777.2	+0.009%	$283.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,777.8	+0.043%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,776.8	−0.013%	$83.0M	$824.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,779	+0.110%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,776.9	−0.005%	$179.2M	$229.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,776.9	−0.006%	$43.7M	$162.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.008%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.189%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.291%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.8	+0.045%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,775.9	−0.062%	$723	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,777.9	+0.051%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.1	+0.003%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,777.7	+0.039%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.2	+0.234%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,778.3	+0.072%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778	+0.053%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.3	+0.018%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.290%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,779.7	+0.150%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.4	+0.023%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	+0.077%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,778.7	+0.096%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777	−0.002%	$117.3M	$150.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,778.3	+0.071%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,777.2	+0.011%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,780.4	+0.190%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.4	+0.019%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.1	+0.118%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.197%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.5	−0.028%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,778	+0.057%	$130K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.118%	$565K	$351K	10x	as long as short