Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.005%

Price spread now: Binance against Entropy−0.013%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Entropy Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.013%, 7d avg +0.087%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.101% cheaper against Entropy than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.087%). If the spread goes back, that is −$10 on $10k: about 6.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,786.4	−0.0056	get 0.0007% / 1h	26m 37s	$4.9M	$20.3M	10x
Short	Binance SNDKUSDT	1,786.2	0	get 0.0000% / 8h	5h 26m	$285.4M	$1.80B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.013%Rate

Funding earned: $11.84
Price spread: −0.013% → +0.087%: −$10.07
Slippage, 4 orders: −$3.43
Fee Entropy: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.66
Costs to cover: 0.314%
Break-even: 24.5 days

Slippage from Entropy: live order book, 9 min ago; Binance: 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 Entropy live order book, 9 min ago	0.28 bp	11.3 bp −$11	13.0 bp −$130	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.03 bp	5.0 bp −$5	6.0 bp −$60	14.8 bp −$1,476	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
Deribit SNDK_USDC-PERPETUAL	−0.0159%	1h	1,785.9	−0.030%	$51K	$338K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,785.5	−0.050%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.2	−0.011%	$278K	$193K	15x	as long as short
Entropy io:SNDKlong	−0.0056%	1h	1,786.4	long leg	$4.9M	$20.3M	10x
Nado SNDK-PERP	−0.0038%	1h	1,786.9	+0.027%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.2	−0.069%	$1.5M	$14.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	−0.006%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,786.2	−0.013%	$285.4M	$1.80B	75x
Bybit SNDKUSDT	0.0000%	8h	1,786.2	−0.013%	$32.1M	$99.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.3	−0.006%	$85.0M	$822.3M	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	1,787.2	+0.047%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,785.8	−0.035%	$180.1M	$230.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786	−0.024%	$43.8M	$161.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,787.9	+0.083%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.2	−0.010%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.7	−0.041%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.5	−0.105%	$894	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.4	−0.055%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.040%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,787.2	+0.045%	$665	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0020%	1h	1,785.8	−0.034%	$114.4M	$145.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.039%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.2	+0.044%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.7	+0.016%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.9	−0.028%	$460K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.759%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,785.2	−0.069%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.5	−0.052%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.4	−0.056%	$246K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.7	−0.038%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.4	−0.056%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	−0.041%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.5	+0.006%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.2	−0.013%	$130K	$352K	20x	as long as short
KuCoin SNDKUSDTM	+0.0076%	8h	1,785.9	−0.031%	$6.1M	$21.8M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.2	−0.067%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786	−0.020%	$199K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.4	+0.109%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.2	−0.065%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0780%	4h	1,786.5	+0.007%	$567K	$351K	10x	as long as short