SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.007%

Price spread now: Phoenix against Bullet+0.164%62s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.399% of the position

Long on Bullet Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.164%, 7d avg +0.013%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.150% dearer against Bullet than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet SNDK-USD	1,759.1	0	get 0.0000% / 1h	32m 14s	$14K	$290K	10x
Short	Phoenix SNDK	1,762	0.0045	get 0.0006% / 1h	32m 14s	$274K	$178K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bullet. 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 BulletbpFee PhoenixbpOrdersPrice spread, now +0.164%Rate

Funding earned: $9.49
Price spread: +0.164% → +0.013%: $15.04
Slippage, 4 orders: −$24.88
Fee Bullet: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$15.35
Costs to cover: 0.399%
Break-even: 18.3 days

Slippage from Bullet: live order book, 10 min ago; Phoenix: live order book, 7 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 Bullet live order book, 10 min ago	1.42 bp	8.4 bp −$8	20.8 bp −$208	doesn't fit	doesn't fit
Sell Phoenix live order book, 7 min ago	3.41 bp	12.1 bp −$12	26.0 bp −$260	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0127%	1h	1,757.8	−0.078%	$166K	$377K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.8	+0.093%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0063%	1h	1,761.1	+0.112%	$4.5M	$19.2M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0040%	1h	1,758.1	−0.057%	$18K	$458K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.9	+0.043%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759	−0.010%	$279.9M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759	−0.007%	$31.3M	$107.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.9	−0.013%	$79.2M	$841.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.1	+0.055%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.3	+0.011%	$180.1M	$211.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,759	−0.008%	$48.3M	$171.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760.6	+0.081%	$2.7M	$4.4M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.2	+0.231%	$23K	$2.7M	10x	as long as short
Bullet SNDK-USDlong	0.0000%	1h	1,759.1	long leg	$14K	$290K	10x
SunX SNDK-USDT	0.0000%	8h	1,758.7	−0.022%	$1K	$3.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.2	+0.004%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.9	−0.015%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,758.6	−0.029%	$1.4M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0024%	1h	1,761.4	+0.128%	$673	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,758.6	−0.029%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,758.9	−0.014%	$413K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.321%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.2	−0.051%	$260K	$1.4M	10x	as long as short
Phoenix SNDKshort	+0.0045%	1h	1,762	+0.164%	$274K	$178K	15x
Vest SNDK-USD-PERP	+0.0046%	1h	1,758.3	−0.045%	—	$562K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759	−0.007%	$242K	$699K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759	−0.007%	$122.3M	$151.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.1	−0.001%	$210K	$201K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,759	−0.007%	$721K	$529K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.5	+0.078%	$1.4M	$5.4M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,759.4	+0.019%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0062%	1h	1,761.3	+0.124%	$319K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.5	−0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760	+0.048%	$192K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,760.1	+0.057%	$6.1M	$23.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.2	+0.232%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.7	−0.023%	$8K	$6K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,759.6	+0.029%	$1.8M	$16.5M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,763.3	+0.236%	$445K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0700%	4h	1,761.6	+0.139%	$560K	$338K	10x	as long as short