Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.010%

Price spread now: Entropy against KuCoin+0.094%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on KuCoin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.094%, 7d avg −0.040%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.134% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.040%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,773.8	−0.0046	get 0.0046% / 8h	3h 38m	$6.1M	$22.1M	20x
Short	Entropy io:SNDK	1,775.5	−0.0101	pay 0.0013% / 1h	38m 16s	$4.8M	$19.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against KuCoin. 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 KuCoinbpFee EntropybpOrdersPrice spread, now +0.094%Rate

Funding earned: −$11.65
Price spread: +0.094% → −0.040%: $13.38
Slippage, 4 orders: −$15.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$43.46
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Entropy: live order book, 9 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 KuCoin live order book, 6 min ago	0.81 bp	12.9 bp −$13	56.6 bp −$566	doesn't fit	doesn't fit
Sell Entropy live order book, 9 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-USDT	−0.0120%	8h	1,773.6	−0.016%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDKshort	−0.0101%	1h	1,775.5	+0.094%	$4.8M	$19.8M	10x
KuCoin SNDKUSDTMlong	−0.0046%	8h	1,773.8	long leg	$6.1M	$22.1M	20x
Nado SNDK-PERP	−0.0045%	1h	1,774.5	+0.037%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773	−0.049%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,775.7	+0.102%	$432K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.2	+0.021%	$21.6M	$32.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.7	−0.009%	$282.6M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.9	+0.005%	$32.1M	$101.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.5	−0.019%	$82.6M	$824.4M	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	1,774.2	+0.019%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.5	−0.018%	$178.3M	$229.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.7	−0.006%	$43.7M	$162.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.188%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.2	+0.187%	$14K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,778.2	+0.246%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.1	+0.014%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	−0.106%	$822	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.9	+0.005%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.6	−0.070%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.6	−0.013%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,778.4	+0.255%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.5	+0.034%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.1	+0.017%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.6	−0.014%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.473%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,775.8	+0.110%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,771.7	−0.123%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.6	−0.014%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	−0.059%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.7	−0.008%	$117.1M	$151.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	−0.036%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,773.9	+0.005%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,774	+0.009%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.6	−0.016%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.1	−0.042%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.377%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.5	−0.021%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774	+0.010%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0813%	4h	1,778.6	+0.267%	$565K	$351K	10x	as long as short