Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.015%

Price spread now: Gate against Entropy+0.002%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Entropy Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.002%, 7d avg +0.073%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.071% cheaper against Entropy than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.073%). If the spread goes back, that is −$7 on $10k: about 6.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,785.9	−0.0037	get 0.0005% / 1h	15m 16s	$4.9M	$20.5M	10x
Short	Gate SNDK_USDT	1,785.9	0	get 0.0000% / 8h	6h 15m	$180.9M	$232.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.002%Rate

Funding earned: $7.77
Price spread: +0.002% → +0.073%: −$7.11
Slippage, 4 orders: −$10.67
Fee Entropy: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.01
Costs to cover: 0.437%
Break-even: 45.7 days

Slippage from Entropy: live order book, 2 min ago; Gate: 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	9.9 bp −$10	12.1 bp −$121	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.45 bp	10.4 bp −$10	26.1 bp −$261	38.7 bp −$3,872	59.7 bp −$29.9K

SNDK on 39 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	−0.0338%	1h	1,786.1	+0.010%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	−0.022%	$278K	$193K	15x	as long as short
Entropy io:SNDKlong	−0.0037%	1h	1,785.9	long leg	$4.9M	$20.5M	10x
Nado SNDK-PERP	−0.0030%	1h	1,786.8	+0.051%	$360K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.6	−0.015%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0013%	1h	1,785.9	0.000%	$114.4M	$146.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.037%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.9	−0.003%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.3	+0.024%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.2	+0.017%	$85.5M	$828.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,785.9	+0.002%	$180.9M	$232.4M	75x
Bitget SNDKUSDT	0.0000%	8h	1,786	+0.003%	$44.0M	$164.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.031%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.090%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.8	−0.005%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.4	−0.031%	$877	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.7	−0.068%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.4	−0.030%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786	+0.003%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.2	+0.072%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.048%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.9	+0.057%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.787%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.1	−0.100%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.8	−0.006%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.8	−0.004%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.9	0.000%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.6	−0.017%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.7	−0.012%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.6	−0.017%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.5	−0.023%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.055%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.1	+0.012%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.2	−0.042%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.031%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.4	−0.029%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786.6	+0.039%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.114%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787	+0.061%	$170K	$1.8M	20x	as long as short