Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.012%

Price spread now: KuCoin against Entropy−0.011%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

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

costs, in and out, $10k−$460.457% of the position

Long on Entropy Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.011%, 7d avg +0.040%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.051% cheaper against Entropy than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.040%). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.128% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,786	−0.0044	get 0.0005% / 1h	49m 33s	$4.9M	$20.3M	10x
Short	KuCoin SNDKUSDTM	1,785.8	0.0100	get 0.0100% / 8h	5h 49m	$6.1M	$21.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $30.19
Price spread: −0.011% → +0.040%: −$5.14
Slippage, 4 orders: −$15.67
Fee Entropy: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.62
Costs to cover: 0.457%
Break-even: 11.8 days

Slippage from Entropy: live order book, 7 min ago; KuCoin: 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, 7 min ago	0.28 bp	9.8 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.48 bp	14.5 bp −$15	45.5 bp −$455	doesn't fit	doesn't fit

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	−0.0114%	1h	1,785.8	−0.010%	$51K	$333K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,786.5	+0.028%	$278K	$193K	15x	as long as short
Entropy io:SNDKlong	−0.0044%	1h	1,786	long leg	$4.9M	$20.3M	10x
Nado SNDK-PERP	−0.0031%	1h	1,786.8	+0.044%	$359K	$1.4M	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,785.8	−0.010%	$1.6M	$15.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.2	+0.013%	$21.8M	$37.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.9	−0.007%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.5	+0.026%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.1	+0.006%	$85.5M	$821.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,786.8	+0.043%	$170K	$1.8M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,786	−0.001%	$180.2M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.1	+0.005%	$43.8M	$163.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.5	−0.029%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.8	−0.011%	$21K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.7	−0.017%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.9	−0.063%	$859	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,785.1	−0.050%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.6	−0.025%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.2	+0.012%	$665	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786	−0.003%	$439K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0026%	1h	1,786.1	+0.006%	$114.5M	$145.6M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.1	+0.063%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.044%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.8	+0.044%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.782%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.7	−0.073%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.7	−0.015%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786	0.000%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.9	−0.005%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.5	−0.028%	$187K	$134K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,785.6	−0.023%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.9	−0.006%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.2	+0.014%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.3	−0.042%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.2	+0.013%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,785.8	−0.011%	$6.1M	$21.7M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.2	+0.010%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.1	−0.050%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0374%	4h	1,785.6	−0.020%	$567K	$352K	10x	as long as short