Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.010%

Price spread now: Entropy against Aster−0.037%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$350.349% of the position

Long on Aster Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.037%, 7d avg −0.070%

Together, before fees−0.050%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.033% dearer against Aster than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.070%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,786.6	0	get 0.0000% / 8h	6h 15m	$21.8M	$36.8M	20x
Short	Entropy io:SNDK	1,785.9	−0.0037	pay 0.0005% / 1h	15m 05s	$4.9M	$20.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Aster. 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 AsterbpFee EntropybpOrdersPrice spread, now −0.037%Rate

Funding earned: −$7.77
Price spread: −0.037% → −0.070%: $3.34
Slippage, 4 orders: −$8.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$39.37
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Entropy: live order book, 2 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 Aster live order book, 4 min ago	1.68 bp	7.2 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell Entropy live order book, 2 min ago	0.28 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0338%	1h	1,786.1	−0.027%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	−0.059%	$278K	$193K	15x	as long as short
Entropy io:SNDKshort	−0.0037%	1h	1,785.9	−0.037%	$4.9M	$20.5M	10x
Nado SNDK-PERP	−0.0030%	1h	1,786.8	+0.014%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.6	−0.051%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0014%	1h	1,785.7	−0.048%	$114.4M	$146.1M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,786.6	long leg	$21.8M	$36.8M	20x
Binance SNDKUSDT	0.0000%	8h	1,786.3	−0.014%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.1	+0.028%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.6	+0.002%	$85.5M	$828.9M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785.8	−0.045%	$180.8M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.3	−0.014%	$44.0M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.067%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.127%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.8	−0.042%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.4	−0.068%	$877	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.5	−0.058%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.046%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786	−0.034%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787	+0.022%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.9	+0.018%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.9	+0.017%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.750%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.1	−0.136%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.8	−0.042%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.8	−0.041%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.9	−0.037%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	−0.054%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	−0.049%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.6	−0.054%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	−0.060%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.092%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.1	−0.025%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.2	−0.078%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.068%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.4	−0.066%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786.6	+0.002%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.150%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787	+0.025%	$170K	$1.8M	20x	as long as short