Funding arb · Price arb /

SNDK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= −0.1% APRpaid last 24h —

Price spread now: Paradex against Entropy+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.041% dearer against Entropy than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:SNDK	1,789.5	0.0050	pay 0.0006% / 1h	21m 41s	$4.8M	$20.2M	10x
Short	Paradex SNDK-USD-PERP	1,790.2	0.0050	get 0.0050% / 8h	7h 21m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.1
Price spread: +0.041% → 0.000%: $4.1
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.

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, 5 min ago	0.84 bp	10.4 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin SNDK-USDT	−0.0120%	8h	1,790.7	+0.064%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.9	+0.024%	$21.8M	$43.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.3	+0.046%	$286.3M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.9	+0.080%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.6	+0.061%	$87.0M	$834.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.8	+0.016%	$182.2M	$235.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.2	+0.036%	$48.0M	$168.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.160%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.5	+0.110%	$22K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,792.2	+0.151%	$279K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SNDK-USD	0.0000%	1h	1,790.9	+0.078%	$15K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.5	−0.001%	$846	$3.8M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.6	+0.061%	$50K	$314K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	+0.038%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	+0.055%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791.1	+0.090%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	+0.156%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0006%	1h	1,791.9	+0.135%	$347K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,790.4	+0.049%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.3	+0.102%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.7	+0.064%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790	+0.026%	$444K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.585%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.6	+0.007%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.4	+0.051%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791.1	+0.089%	$246K	$652K	20x	as long as short
Paradex SNDK-USD-PERPshort	+0.0050%	8h	1,790.2	+0.041%	—	—	5x
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.3	+0.045%	$115.0M	$147.3M	10x	as long as short
Entropy io:SNDKlong	+0.0050%	1h	1,789.5	long leg	$4.8M	$20.2M	10x
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.4	+0.050%	$187K	$135K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.9	+0.022%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	+0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.1	+0.034%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,789.4	−0.006%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.243%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.5	−0.002%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0103%	4h	1,791.4	+0.108%	$569K	$353K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790	+0.028%	$441K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0182%	1h	1,790.4	+0.047%	$732K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.1	+0.088%	$130K	$379K	20x	as long as short