Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.024%
Price spread now: Entropy against Polymarket Perps−0.097%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now −0.097%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.111% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SNDK-USD | 1,758.4 | 0.0050 | pay 0.0006% / 1h | 25m 04s | $184K | $132K | 10x |
| Short | Entropy io:SNDK | 1,756.7 | −0.0004 | pay 0.0001% / 1h | 25m 04s | $4.7M | $19.9M | 10x |
Polymarket Perps SNDK-USD
Entropy io:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.4
- Price spread: −0.097% → +0.014%
- −$11.08
- Slippage, 4 orders
- −$11.14
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$59.62
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 22 min ago; Entropy: live order book, 2 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 Polymarket Perps live order book, 22 min ago | 2.83 bp | 8.9 bp −$9 | 9.3 bp −$93 | 10.3 bp −$1,031 | doesn't fit |
| Sell Entropy live order book, 2 min ago | 0.28 bp | 10.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0309% | 8h | 1,758.2 | −0.014% | $45.6M | $163.3M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,758 | −0.023% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0043% | 8h | 1,757.7 | −0.042% | $6.0M | $22.1M | 20x | as long as short |
| Entropy io:SNDKshort | −0.0004% | 1h | 1,756.7 | −0.097% | $4.7M | $19.9M | 10x | |
| QFEX SNDK-USD | −0.0004% | 1h | 1,758.4 | 0.000% | $1.4M | $10.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,758.2 | −0.011% | $21.5M | $33.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,757.8 | −0.033% | $279.3M | $1.84B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,758.3 | −0.008% | $31.6M | $103.2M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,758.3 | −0.006% | $81.8M | $827.2M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,758 | −0.020% | $120K | $1.6M | 20x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,757.7 | −0.039% | $175.1M | $230.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,756.4 | −0.113% | $2.5M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,758.2 | −0.010% | $15K | $1.7M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,755.7 | −0.154% | $273K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,758 | −0.023% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,758.3 | −0.005% | $920 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,758.1 | −0.016% | $50K | $347K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,757.2 | −0.069% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,758 | −0.026% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | +0.0004% | 1h | 1,758.5 | +0.004% | $327K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0007% | 1h | 1,754.8 | −0.202% | — | $584K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0015% | 1h | 1,758.8 | +0.021% | $654 | $37K | 5x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,756.8 | −0.089% | $195K | $303K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,758.5 | +0.003% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,758.2 | −0.013% | $419K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.364% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,756.2 | −0.123% | $260K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,759 | +0.034% | $242K | $657K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,757.8 | −0.034% | $117.3M | $156.4M | 10x | as long as short |
| Polymarket Perps SNDK-USDlong | +0.0050% | 1h | 1,758.4 | long leg | $184K | $132K | 10x | |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,756.7 | −0.100% | $718K | $514K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,757.2 | −0.070% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,756.8 | −0.091% | $1.3M | $5.1M | 5x | as long as short |
| Lighter SNDK | +0.0064% | 1h | 1,759 | +0.031% | $1.8M | $16.2M | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,758.9 | +0.029% | $433K | $2.3M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,758 | −0.022% | $1K | — | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,755.6 | −0.161% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,757.5 | −0.051% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,758.8 | +0.022% | $126K | $354K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0391% | 4h | 1,755 | −0.193% | $557K | $351K | 10x | as long as short |
Gate SNDK_USDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Pacifica SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Lighter SNDK
Coinbase International SNDK-PERP-INTX
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC