Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%

Price spread now: Aster against Entropy+0.015%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Entropy Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days+0.069%+$7 · spread now +0.015%, 7d avg +0.069%

Together, before fees+0.137%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.054% cheaper against Entropy than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,774.3	0.0050	pay 0.0006% / 1h	48m 29s	$4.5M	$19.1M	10x
Short	Aster SNDKUSD1	1,774.6	0	get 0.0000% / 8h	5h 48m	$21.6M	$32.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$10.5
Price spread: +0.015% → +0.069%: −$5.43
Slippage, 4 orders: −$11.7
Fee Entropy: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$53.63
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Entropy: live order book, 2 min ago; Aster: live order book, 4 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, 2 min ago	0.28 bp	10.3 bp −$10	15.7 bp −$157	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.82 bp	6.4 bp −$6	17.7 bp −$177	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_SNDKUSD	−0.0258%	1h	1,773.5	−0.045%	$168K	$385K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,775.1	+0.047%	$4.0M	$4.7M	75x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,773.5	−0.048%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,774.6	+0.015%	$21.6M	$32.4M	20x
Binance SNDKUSDT	0.0000%	8h	1,773.8	−0.029%	$283.1M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.4	+0.005%	$31.8M	$106.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.4	+0.006%	$82.5M	$842.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.1	−0.012%	$182.4M	$218.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.2	−0.005%	$48.2M	$172.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.4	+0.004%	$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	1,774.5	+0.011%	$276K	$188K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.5	+0.011%	$15K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.4	+0.004%	$848	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.5	−0.043%	$19K	$428K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.6	+0.017%	$1.4M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.1	+0.046%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0019%	1h	1,775.4	+0.061%	$684	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.6	+0.015%	$1.3M	$9.7M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,773.5	−0.045%	$432K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.446%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.3	−0.057%	$271K	$1.3M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,774.4	+0.007%	—	$574K	10x	as long as short
Nado SNDK-PERP	+0.0046%	1h	1,774	−0.016%	$331K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.7	−0.034%	$244K	$702K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.6	+0.017%	$121.8M	$153.0M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,774.3	long leg	$4.5M	$19.1M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.8	−0.028%	$187K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.5	+0.010%	$728K	$525K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.6	−0.039%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0053%	8h	1,773.9	−0.024%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774	−0.017%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.8	−0.028%	$199K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.8	−0.030%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,775.3	+0.055%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,773.7	−0.034%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0152%	1h	1,776.1	+0.100%	$448K	$2.2M	10x	as long as short
GRVT SNDK_USDT_Perp	+0.0167%	8h	1,774.8	+0.027%	$24K	$2.4M	10x	as long as short
Lighter SNDK	+0.0176%	1h	1,775.3	+0.054%	$1.8M	$16.7M	20x	as long as short
edgeX SNDKUSDC	+0.0752%	4h	1,774.4	+0.008%	$564K	$339K	10x	as long as short
RISEx SNDK/USDC	+0.0898%	1h	1,774.9	+0.032%	$146K	$1.5M	20x	as long as short