SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.019%

Price spread now: SoDEX against Entropy−0.034%7-day average +0.013% · 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−$42as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Entropy Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.034%, 7d avg +0.013%

Together, before fees+0.248%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.047% cheaper against Entropy than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.013%). If the spread goes back, that is −$5 on $10k: about 8.8 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.105% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,750	0.0032	pay 0.0004% / 1h	34m 29s	$4.5M	$19.5M	10x
Short	SoDEX SNDK-USD	1,749.4	0.0050	get 0.0006% / 1h	34m 29s	$715K	$521K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $3.74
Price spread: −0.034% → +0.013%: −$4.7
Slippage, 4 orders: −$11.01
Fee Entropy: 9 bp × 2 orders: −$18
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$37.98
Costs to cover: 0.370%
Break-even: 78.2 days

Slippage from Entropy: live order book, 1 min ago; SoDEX: live order book, 64 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, 1 min ago	0.29 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 64 min ago	0.03 bp	7.8 bp −$8	35.4 bp −$354	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	+0.023%	$21K	$2.2M	10x	as long as short
HTX SNDK-USDT	−0.0412%	8h	1,749.8	−0.010%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0245%	8h	1,747.2	−0.162%	$49.3M	$167.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,749.5	−0.031%	$4.0M	$4.5M	75x	as long as short
Nado SNDK-PERP	−0.0080%	1h	1,750	−0.002%	$329K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,749.5	−0.026%	$6.0M	$22.5M	20x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,747	−0.173%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,748.1	−0.110%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,747.9	−0.118%	$279.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,747.6	−0.138%	$31.6M	$104.2M	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	1,747.2	−0.160%	$82.0M	$820.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,748.5	−0.087%	$135K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,747.5	−0.145%	$178.3M	$218.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,748.8	−0.067%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,751.1	+0.063%	$273K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,749.8	−0.009%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,750.5	+0.031%	$942	$3.3M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,749.7	−0.019%	$50K	$360K	10x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,749.8	−0.014%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0006%	1h	1,745.4	−0.262%	—	$577K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,752.2	+0.124%	$727	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,749	−0.057%	$1.7M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,748.2	−0.105%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,748.9	−0.062%	$448K	$2.0M	10x	as long as short
Entropy io:SNDKlong	+0.0032%	1h	1,750	long leg	$4.5M	$19.5M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.855%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,746.4	−0.205%	$249K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,748.9	−0.064%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,747	−0.171%	$240K	$630K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,749	−0.057%	$118.5M	$158.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,746.5	−0.200%	$183K	$127K	10x	as long as short
SoDEX SNDK-USDshort	+0.0050%	1h	1,749.4	−0.034%	$715K	$521K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,749.3	−0.040%	$1.3M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,749.2	−0.045%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,748.7	−0.076%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,751.6	+0.090%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,748.5	−0.087%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,749.2	−0.048%	$426K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0127%	4h	1,751.2	+0.068%	$556K	$350K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,750	+0.001%	$127K	$344K	20x	as long as short