SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.011%

Price spread now: QFEX against Entropy−0.004%7-day average +0.029% · 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−$36as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.004%, 7d avg +0.029%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.033% cheaper against Entropy than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.040% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,776.3	−0.0084	get 0.0010% / 1h	14m 21s	$4.6M	$20.4M	10x
Short	QFEX SNDK-USD	1,776.2	−0.0004	pay 0.0000% / 1h	14m 21s	$2.2M	$21.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Entropy. 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 EntropybpFee QFEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $16.82
Price spread: −0.004% → +0.029%: −$3.27
Slippage, 4 orders: −$4.31
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.75
Costs to cover: 0.323%
Break-even: 14.8 days

Slippage from Entropy: live order book, 3 min ago; QFEX: live order book, 5 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, 3 min ago	0.28 bp	9.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.15 bp	6.2 bp −$6	6.7 bp −$67	10.8 bp −$1,081	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	+0.018%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDKlong	−0.0084%	1h	1,776.3	long leg	$4.6M	$20.4M	10x
QFEX SNDK-USDshort	−0.0004%	1h	1,776.2	−0.004%	$2.2M	$21.7M	10x
Aster SNDKUSD1	0.0000%	8h	1,777.2	+0.052%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,776.2	−0.006%	$283.5M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.5	+0.008%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,775.7	−0.034%	$86.8M	$844.8M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.8	−0.029%	$183.8M	$240.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,775.5	−0.043%	$47.8M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.7	+0.077%	$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	+0.090%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.6	+0.073%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,776	−0.017%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.8	−0.087%	$845	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,776.4	+0.007%	$50K	$303K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,776.7	+0.020%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,776.7	+0.022%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,777.4	+0.060%	$671	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,777.4	+0.062%	$174K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,776.5	+0.009%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,776.3	−0.001%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.332%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	−0.028%	$285K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,776.2	−0.006%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.5	+0.011%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,776	−0.017%	$113.2M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,775.6	−0.039%	$203K	$124K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,775.6	−0.041%	$726K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,776.4	+0.007%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,777	+0.039%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.8	−0.027%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.153%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.5	+0.009%	$211K	$281K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.1	+0.044%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,778.2	+0.104%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,776.2	−0.008%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0128%	1h	1,776.9	+0.034%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0165%	1h	1,776.3	+0.002%	$355K	$1.4M	10x	as long as short
edgeX SNDKUSDC	+0.0394%	4h	1,777.5	+0.068%	$565K	$356K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,776.5	+0.010%	$129K	$406K	20x	as long as short