Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.143%

Price spread now: edgeX against Entropy+0.012%48s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs+$74as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.400% of the position

Long on Entropy Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.143%+$114 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.012%, 7d avg +0.026%

Together, before fees+1.176%+ Points / potential airdropedgeX: Active · farm board+$118 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,789.2	−0.0197	get 0.0025% / 1h	58m 11s	$4.8M	$20.4M	10x
Short	edgeX SNDKUSDC	1,789.4	0.0164	get 0.0082% / 4h	2h 58m	$568K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $75.81
Price spread: +0.012% → +0.026%: −$1.41
Slippage, 4 orders: −$12.96
Fee Entropy: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $34.45
Costs to cover: 0.400%
Break-even: 3.8 days

Slippage from Entropy: live order book, 9 min ago; edgeX: live order book, 10 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	10.0 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell edgeX live order book, 10 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	47.3 bp −$4,734	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
Entropy io:SNDKlong	−0.0197%	1h	1,789.2	long leg	$4.8M	$20.4M	10x
Deribit SNDK_USDC-PERPETUAL	−0.0180%	1h	1,787.9	−0.072%	$51K	$328K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,788.9	−0.019%	$4.1M	$4.5M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0052%	1h	1,788.3	−0.050%	$114.8M	$146.5M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,788	−0.068%	$1.9M	$18.3M	10x	as long as short
Ondo Perps SNDK-USD.P	−0.0003%	1h	1,788.5	−0.039%	$1.4M	$5.1M	5x	as long as short
Nado SNDK-PERP	−0.0001%	1h	1,789.7	+0.027%	$347K	$1.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789	−0.012%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.8	−0.080%	$286.9M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.2	−0.055%	$32.1M	$100.0M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.7	−0.084%	$86.6M	$831.3M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,788.3	−0.051%	$182.1M	$230.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.3	−0.050%	$47.8M	$163.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	+0.001%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.9	−0.019%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,789.8	+0.034%	$279K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,788.1	−0.061%	$13K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.9	−0.128%	$593	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.2	−0.112%	$1.5M	$10.3M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787.3	−0.105%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790	+0.047%	$746	$37K	5x	as long as short
Popdex SNDKUSDT	+0.0016%	1h	1,788.4	−0.045%	$246K	$644K	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.7	−0.026%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.3	−0.048%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.6	−0.035%	$460K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.601%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.8	−0.023%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.4	−0.044%	—	$585K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.6	−0.033%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.2	−0.056%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.4	−0.101%	$731K	$515K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787.7	−0.083%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,792.4	+0.178%	$442K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,788.5	−0.037%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.8	−0.023%	$6.1M	$21.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	−0.006%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,787.7	−0.084%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,788.3	−0.053%	$130K	$366K	20x	as long as short
edgeX SNDKUSDCshort	+0.0164%	4h	1,789.4	+0.012%	$568K	$354K	10x
RISEx SNDK/USDC	+0.0257%	1h	1,789.5	+0.015%	$171K	$1.8M	20x	as long as short