SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0308%/8h= +33.8% APRnext payment +$0.39 per $10,000 · paid last 24h −0.089%

Price spread now: Entropy against Kraken Futures+0.062%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Kraken Futures Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.801%−$80 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.062%, 7d avg −0.030%

Together, before fees−0.842%−$84 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Entropy is 0.092% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.801%, 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	Kraken Futures PF_SNDKUSD	1,771	−0.0258	get 0.0032% / 1h	43m 09s	$168K	$382K	20x
Short	Entropy io:SNDK	1,772.1	0.0050	get 0.0006% / 1h	43m 09s	$4.5M	$19.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Kraken Futures. 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 Kraken FuturesbpFee EntropybpOrdersPrice spread, now +0.062%Rate

Funding earned: $64.77
Price spread: +0.062% → −0.030%: $9.22
Slippage, 4 orders: −$28.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: $17.61
Costs to cover: 0.564%
Break-even: 5.1 days

Slippage from Kraken Futures: live order book, 3 min ago; Entropy: live order book, 7 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 Kraken Futures live order book, 3 min ago	2.26 bp	19.6 bp −$20	40.4 bp −$404	doesn't fit	doesn't fit
Sell Entropy live order book, 7 min ago	0.28 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSDlong	−0.0258%	1h	1,771	long leg	$168K	$382K	20x
BloFin SNDK-USDT	−0.0120%	8h	1,772.2	+0.066%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,771.3	+0.017%	$1.5M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.1	+0.060%	$21.6M	$32.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.3	+0.070%	$283.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.2	+0.067%	$31.9M	$107.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.4	+0.079%	$82.1M	$842.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.8	+0.047%	$182.6M	$218.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.1	+0.063%	$48.0M	$172.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.1	+0.008%	$2.7M	$4.7M	—	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,773.1	+0.118%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.6	+0.033%	$15K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.2	+0.011%	$864	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771.1	+0.004%	$19K	$432K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.3	+0.019%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	+0.071%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0019%	1h	1,772.5	+0.083%	$677	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772	+0.058%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.4	+0.022%	$397K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.635%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771	+0.001%	$269K	$1.4M	10x	as long as short
Nado SNDK-PERP	+0.0045%	1h	1,771.1	+0.005%	$331K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.6	+0.035%	—	$574K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772	+0.056%	$244K	$699K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.7	+0.039%	$121.7M	$153.1M	10x	as long as short
Entropy io:SNDKshort	+0.0050%	1h	1,772.1	+0.062%	$4.5M	$19.2M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.4	+0.022%	$187K	$115K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771.2	+0.011%	$727K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.7	−0.017%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,770.8	−0.013%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.5	+0.026%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	+0.032%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,771.8	+0.046%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.1	+0.064%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,771.5	+0.028%	$8K	$3K	20x	as long as short
GRVT SNDK_USDT_Perp	+0.0148%	8h	1,773.8	+0.159%	$28K	$2.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,772.4	+0.079%	$445K	$2.2M	10x	as long as short
Lighter SNDK	+0.0168%	1h	1,772.7	+0.095%	$1.8M	$16.7M	20x	as long as short
edgeX SNDKUSDC	+0.0416%	4h	1,771.3	+0.016%	$563K	$340K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,773	+0.112%	$146K	$1.5M	20x	as long as short