Funding you earn now, next payment 09:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Deribit against Entropy−0.086%7-day average +0.027% · 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−$61as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.086%, 7d avg +0.027%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Deribit is 0.113% cheaper against Entropy than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:SNDK | 1,751 | 0.0015 | pay 0.0002% / 1h | 36m 19s | $4.5M | $19.4M | 10x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,749.5 | 0 | get 0.0000% / 1h | 36m 19s | $50K | $360K | 10x |
Entropy io:SNDK
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Entropy. 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
- −$3.18
- Price spread: −0.086% → +0.027%
- −$11.28
- Slippage, 4 orders
- −$24.58
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$64.04
- Costs to cover
- 0.496%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 9 min ago; Deribit: live order book, 62 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 Entropy live order book, 9 min ago | 0.28 bp | 10.4 bp −$10 | 15.2 bp −$152 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 62 min ago | 6.24 bp | 17.6 bp −$18 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | −0.0845% | 8h | 1,750.4 | −0.034% | $21K | $2.2M | 10x | as long as short |
| HTX SNDK-USDT | −0.0543% | 8h | 1,751.1 | +0.006% | $1.4M | $10.5M | 50x | as long as short |
| Bitget SNDKUSDT | −0.0246% | 8h | 1,749.6 | −0.082% | $49.3M | $166.9M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,751 | −0.001% | $4.0M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0082% | 1h | 1,749.5 | −0.087% | $328K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0042% | 8h | 1,750 | −0.055% | $6.0M | $22.5M | 20x | as long as short |
| QFEX SNDK-USD | −0.0002% | 1h | 1,749.5 | −0.087% | $1.4M | $9.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,749.9 | −0.062% | $21.3M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,749.8 | −0.071% | $279.8M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,750.2 | −0.044% | $31.6M | $104.1M | 100x | as long as short |
GRVT SNDK_USDT_Perp
HTX SNDK-USDT
Bitget SNDKUSDT
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,749.1 | −0.109% | $82.3M | $820.7M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,749.8 | −0.067% | $136K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,749 | −0.113% | $178.4M | $218.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,752.6 | +0.093% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,751.1 | +0.006% | $273K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,749.2 | −0.100% | $13K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,749.7 | −0.074% | $852 | $3.3M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | 0.0000% | 1h | 1,749.5 | −0.086% | $50K | $360K | 10x | |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,751 | −0.001% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0006% | 1h | 1,747.2 | −0.218% | — | $577K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0011% | 1h | 1,752.6 | +0.092% | $727 | $38K | 5x | as long as short |
| Entropy io:SNDKlong | +0.0015% | 1h | 1,751 | long leg | $4.5M | $19.4M | 10x | |
| Lighter SNDK | +0.0032% | 1h | 1,750.1 | −0.049% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,749.9 | −0.065% | $1.2M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,750 | −0.057% | $448K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.796% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,748.4 | −0.147% | $255K | $1.5M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,749.6 | −0.080% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,749.3 | −0.097% | $240K | $630K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,749.2 | −0.103% | $118.5M | $158.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,749.2 | −0.103% | $184K | $127K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,749.9 | −0.064% | $716K | $521K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,750.7 | −0.017% | $1.3M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,749.1 | −0.108% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,749.9 | −0.060% | $196K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,751.5 | +0.027% | $67K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,748.9 | −0.119% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,751.3 | +0.017% | $425K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0127% | 4h | 1,751.2 | +0.011% | $556K | $350K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0286% | 1h | 1,749.6 | −0.083% | $127K | $344K | 20x | as long as short |
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD