Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h +0.007%

Price spread now: Bitget against Entropy+0.085%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Entropy Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.085%, 7d avg +0.071%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.177%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,762.2	0.0050	pay 0.0006% / 1h	14m 11s	$4.7M	$19.7M	10x
Short	Bitget SNDKUSDT	1,763.7	−0.0307	pay 0.0307% / 8h	1h 14m	$48.4M	$167.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$74.97
Price spread: +0.085% → +0.071%: $1.39
Slippage, 4 orders: −$5.84
Fee Entropy: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.42
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Entropy: live order book, 3 min ago; Bitget: live order book, 5 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, 3 min ago	0.85 bp	10.8 bp −$11	14.6 bp −$146	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.37 bp	7.0 bp −$7	10.6 bp −$106	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
Bitget SNDKUSDTshort	−0.0307%	8h	1,763.7	+0.085%	$48.4M	$167.0M	75x
BloFin SNDK-USDT	−0.0120%	8h	1,762.2	+0.001%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,761.7	−0.028%	$1.4M	$10.2M	10x	as long as short
KuCoin SNDKUSDTM	−0.0002%	8h	1,763.6	+0.080%	$6.0M	$22.2M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.8	+0.146%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.7	+0.144%	$280.2M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.7	+0.140%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.6	+0.079%	$82.4M	$837.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763	+0.044%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.3	+0.060%	$177.5M	$231.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.9	−0.016%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.7	+0.082%	$11K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,763.8	+0.091%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.7	+0.085%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,764.7	+0.142%	$978	$3.5M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,764.5	+0.131%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,764.4	+0.122%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,762.4	+0.013%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,759.7	−0.142%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0028%	1h	1,761.8	−0.022%	$326K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.7	+0.144%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.1	+0.110%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.143%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.6	−0.036%	$255K	$1.5M	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,765.1	+0.163%	$1.8M	$16.3M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762	−0.011%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.6	+0.079%	$118.8M	$159.1M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,762.2	long leg	$4.7M	$19.7M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.6	−0.034%	$185K	$130K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	+0.006%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.4	−0.047%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.5	−0.040%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.1	+0.108%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0096%	1h	1,765.4	+0.183%	$51K	$351K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.7	−0.027%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.4	+0.070%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.2	+0.115%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.070%	$431K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0186%	4h	1,763.5	+0.075%	$560K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,764.5	+0.128%	$127K	$344K	20x	as long as short