Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.011%

Price spread now: Entropy against KuCoin+0.023%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on KuCoin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.023%, 7d avg −0.040%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.064% dearer against KuCoin than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.040%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days. At the pace of the last 7 days (−0.129% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,789.8	−0.0018	get 0.0018% / 8h	4h 08m	$6.1M	$22.3M	20x
Short	Entropy io:SNDK	1,790.2	−0.0044	pay 0.0005% / 1h	8m 06s	$4.9M	$19.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against KuCoin. 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 KuCoinbpFee EntropybpOrdersPrice spread, now +0.023%Rate

Funding earned: −$5.38
Price spread: +0.023% → −0.040%: $6.37
Slippage, 4 orders: −$12.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$41.72
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Entropy: live order book, 8 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 KuCoin live order book, 11 min ago	0.92 bp	11.5 bp −$11	56.3 bp −$563	doesn't fit	doesn't fit
Sell Entropy live order book, 8 min ago	0.28 bp	10.9 bp −$11	doesn't fit	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
BloFin SNDK-USDT	−0.0120%	8h	1,790.6	+0.043%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,790.6	+0.046%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0068%	1h	1,791	+0.070%	$349K	$1.5M	10x	as long as short
Entropy io:SNDKshort	−0.0044%	1h	1,790.2	+0.023%	$4.9M	$19.8M	10x
QFEX SNDK-USD	−0.0033%	1h	1,790.4	+0.035%	$1.4M	$13.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.2	+0.080%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTMlong	−0.0018%	8h	1,789.8	long leg	$6.1M	$22.3M	20x
Aster SNDKUSD1	0.0000%	8h	1,790.9	+0.062%	$21.8M	$35.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.6	+0.044%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.2	+0.078%	$32.7M	$100.5M	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	1,790.5	+0.040%	$83.9M	$827.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.5	+0.099%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.5	+0.039%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.3	+0.028%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	+0.023%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790.6	+0.046%	$14K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.4	+0.035%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.1	−0.039%	$964	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.8	+0.058%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	+0.020%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.5	+0.039%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.5	+0.040%	$697	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.6	+0.099%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	+0.078%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	+0.038%	$451K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.569%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789.2	−0.035%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,790.9	+0.062%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.3	+0.030%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.3	+0.029%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.3	+0.032%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.9	+0.063%	$118.7M	$149.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.1	+0.018%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.4	+0.033%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.6	+0.046%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.2	+0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.6	+0.045%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,791.4	+0.088%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790	+0.013%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0687%	4h	1,790.1	+0.019%	$569K	$351K	10x	as long as short