Funding you earn now, next payment 06:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%
Price spread now: Deribit against Entropy−0.070%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.070%, 7d avg +0.029%
=Funding pays, the price is against you. Deribit is 0.099% cheaper against Entropy than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.029%). If the spread goes back, that is −$10 on $10k: about 31 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:SNDK | 1,756.4 | −0.0011 | get 0.0001% / 1h | 26m 45s | $4.7M | $19.8M | 10x |
| Short | Deribit SNDK_USDC-PERPETUAL | 1,755.2 | 0 | get 0.0000% / 1h | 26m 45s | $50K | $347K | 10x |
Entropy io:SNDK
Deribit SNDK_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Entropy. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.22
- Price spread: −0.070% → +0.029%
- −$9.94
- Slippage, 4 orders
- −$23.16
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$55.87
- Costs to cover
- 0.482%
- Break-even
- 182.9 days
Slippage from Entropy: live order book, just now; Deribit: live order book, 22 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, just now | 0.28 bp | 10.9 bp −$11 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 22 min ago | 8.19 bp | 14.0 bp −$14 | 17.6 bp −$176 | 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 SNDKUSDT | −0.0294% | 8h | 1,755.3 | −0.065% | $44.6M | $162.7M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,756.3 | −0.007% | $4.0M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0045% | 8h | 1,755.2 | −0.071% | $6.0M | $22.1M | 20x | as long as short |
| Entropy io:SNDKlong | −0.0011% | 1h | 1,756.4 | long leg | $4.7M | $19.8M | 10x | |
| QFEX SNDK-USD | −0.0004% | 1h | 1,754.6 | −0.103% | $1.4M | $10.7M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,755.8 | −0.033% | $21.5M | $33.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,755.3 | −0.061% | $278.9M | $1.84B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,755 | −0.078% | $31.6M | $103.2M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,755.2 | −0.068% | $81.4M | $825.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,756 | −0.020% | $120K | $1.6M | 20x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,755.3 | −0.062% | $174.8M | $230.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,758.8 | +0.135% | $2.5M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,758.2 | +0.104% | $15K | $1.7M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,760.4 | +0.228% | $274K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,755.2 | −0.070% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,755.5 | −0.051% | $674 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUALshort | 0.0000% | 1h | 1,755.2 | −0.070% | $50K | $347K | 10x | |
| HTX SNDK-USDT | 0.0000% | 8h | 1,755.4 | −0.058% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,756.1 | −0.018% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | 0.0000% | 1h | 1,755.8 | −0.036% | $326K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0008% | 1h | 1,752.5 | −0.220% | — | $584K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,759 | +0.149% | $654 | $38K | 5x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,755.2 | −0.067% | $195K | $303K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,755.3 | −0.063% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,754.3 | −0.121% | $419K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.480% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,756.4 | +0.002% | $261K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,755.2 | −0.068% | $242K | $656K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,754.3 | −0.120% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,755.1 | −0.074% | $117.1M | $156.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,754.3 | −0.120% | $183K | $132K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,755.8 | −0.037% | $717K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,755.5 | −0.051% | $1.3M | $5.1M | 5x | as long as short |
| Lighter SNDK | +0.0064% | 1h | 1,755.9 | −0.027% | $1.8M | $16.2M | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,758.9 | +0.143% | $433K | $2.3M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,754.8 | −0.091% | $1K | — | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,759.4 | +0.170% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,754.5 | −0.111% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,755.3 | −0.064% | $126K | $354K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0717% | 4h | 1,759.4 | +0.171% | $559K | $354K | 10x | as long as short |
Gate SNDK_USDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Pacifica SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Lighter SNDK
Coinbase International SNDK-PERP-INTX
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC