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Funding arb · Price arb /

SNDK

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%
Price spread now: Entropy against Polymarket Perps+0.040%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Long on Polymarket PerpsShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days−0.036%−$4 · spread now +0.040%, 7d avg +0.015%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps SNDK-USD1,758.90.0050pay 0.0006% / 1h56m 50s$186K$130K10x
ShortEntropy io:SNDK1,759.60.0050get 0.0006% / 1h56m 50s$4.5M$19.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Polymarket Perps. 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

Funding earned
$0
Price spread: +0.040% → +0.015%
$2.51
Slippage, 4 orders
−$15.41
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$38.9
Costs to cover
0.414%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 21 min ago; Entropy: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 21 min ago3.42 bp9.9 bp −$1010.2 bp −$102doesn't fitdoesn't fit
Sell Entropy live order book, 10 min ago0.57 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SNDKUSDT−0.0126%8h1,760.3+0.079%$49.7M$168.3M75xas long as short
BloFin SNDK-USDT−0.0120%8h1,761.4+0.143%$3.9M$4.6M75xas long as short
Aster SNDKUSD10.0000%8h1,760.1+0.070%$21.4M$32.5M20xas long as short
Binance SNDKUSDT0.0000%8h1,760+0.061%$279.2M$1.86B75xas long as short
Bybit SNDKUSDT0.0000%8h1,760.4+0.084%$32.1M$105.3M100xas long as short
OKX SNDK-USDT-SWAP0.0000%8h1,760.6+0.097%$82.2M$828.7M75xas long as short
RISEx SNDK/USDC0.0000%1h1,760.5+0.090%$136K$1.5M20xas long as short
Gate SNDK_USDT0.0000%8h1,760.2+0.074%$181.4M$216.1M75xas long as short
Variational Omni SNDK0.0000%8h1,758.2−0.042%$2.6M$4.8M—as long as short
GRVT SNDK_USDT_Perp0.0000%8h1,758.3−0.034%$23K$2.3M10xas long as short
Show all 40 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix SNDK0.0000%1h1,759.4+0.028%$274K$189K15xas long as short
Bullet SNDK-USD0.0000%1h1,759.6+0.040%$13K$292K10xas long as short
SunX SNDK-USDT0.0000%8h1,759+0.003%$587$3.2M20xas long as short
Deribit SNDK_USDC-PERPETUAL0.0000%1h1,759.6+0.037%$51K$358K10xas long as short
HTX SNDK-USDT0.0000%8h1,758.5−0.022%$1.4M$9.9M50xas long as short
Phemex SNDKUSDT0.0000%8h1,760.5+0.089%$2.8M$1.1M50xas long as short
QFEX SNDK-USD0.0000%1h1,758.6−0.017%$1.4M$9.4M10xas long as short
Aftermath Perps SNDKUSD+0.0016%1h1,759.3+0.021%$673$38K5xas long as short
KuCoin SNDKUSDTM+0.0026%8h1,758.8−0.008%$6.0M$22.6M20xas long as short
Lighter RH SNDK+0.0032%1h1,760.3+0.081%$1.2M$9.5M10xas long as short
Extended SNDK_24_5-USD+0.0032%1h1,759.5+0.032%$390K$2.2M10xas long as short
Injective SNDK/USDC PERP+0.0033%1h1,800+2.334%$36$9K12xas long as short
Arcus SNDK-USD+0.0040%1h1,758.4−0.026%$270K$1.4M10xas long as short
Vest SNDK-USD-PERP+0.0046%1h1,759.7+0.044%—$571K10xas long as short
Popdex SNDKUSDT+0.0048%1h1,759.6+0.040%$242K$665K20xas long as short
tradeXYZ xyz:SNDK+0.0050%1h1,760+0.063%$119.4M$159.5M10xas long as short
Entropy io:SNDKshort+0.0050%1h1,759.6+0.040%$4.5M$19.5M10x
Polymarket Perps SNDK-USDlong+0.0050%1h1,758.9long leg$186K$130K10x
SoDEX SNDK-USD+0.0050%1h1,759.7+0.047%$720K$515K10xas long as short
Ondo Perps SNDK-USD.P+0.0050%1h1,759+0.006%$1.4M$5.3M5xas long as short
Paradex SNDK-USD-PERP+0.0052%8h1,759+0.005%——5xas long as short
Nado SNDK-PERP+0.0071%1h1,758.5−0.023%$336K$1.5M10xas long as short
Aevo SNDK-PERP+0.0080%1h1,759.3+0.023%$1K—10xas long as short
Pacifica SNDK+0.0100%1h1,758.4−0.028%$197K$307K10xas long as short
ApeX Omni SNDKUSDT+0.0100%1h1,757.4−0.088%$68K$270K50xas long as short
Orderly PERP_SNDK_USDC_mythos+0.0100%8h1,758.9+0.002%$8K$3K20xas long as short
edgeX SNDKUSDC+0.0120%4h1,759.5+0.036%$559K$338K10xas long as short
Coinbase International SNDK-PERP-INTX+0.0136%1h1,759.4+0.030%$440K$2.1M10xas long as short
Lighter SNDK+0.0200%1h1,761.4+0.143%$1.7M$16.5M20xas long as short
Kraken Futures PF_SNDKUSD+0.0553%1h1,760.1+0.071%$128K$333K20xas long as short