SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.033%

Price spread now: Phoenix against Coinbase International−0.032%72s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

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

costs, in and out, $10k−$360.363% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.032%, 7d avg −0.001%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.031% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 72 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	Coinbase International SNDK-PERP-INTX	1,787.1	0.0128	pay 0.0016% / 1h	35m 59s	$442K	$2.3M	10x
Short	Phoenix SNDK	1,786.5	0	get 0.0000% / 1h	35m 59s	$278K	$195K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$26.88
Price spread: −0.032% → −0.001%: −$3.11
Slippage, 4 orders: −$19.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$66.33
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Phoenix: live order book, 34 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 Coinbase International live order book, 3 min ago	1.65 bp	9.2 bp −$9	13.3 bp −$133	116.9 bp −$11.7K	doesn't fit
Sell Phoenix live order book, 34 min ago	2.82 bp	10.2 bp −$10	21.2 bp −$212	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	1,787	−0.007%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0103%	1h	1,786.2	−0.049%	$50K	$313K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.5	−0.031%	$21.8M	$45.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.1	−0.057%	$285.2M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.6	−0.028%	$32.1M	$100.4M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.2	−0.049%	$86.2M	$834.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.1	−0.053%	$183.1M	$234.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786	−0.063%	$47.5M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.096%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.7	−0.020%	$10K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDKshort	0.0000%	1h	1,786.5	−0.032%	$278K	$195K	15x
Bullet SNDK-USD	0.0000%	1h	1,786	−0.063%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,784.6	−0.137%	$1K	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	−0.030%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786	−0.062%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,786.2	−0.049%	$2.1M	$20.2M	10x	as long as short
Nado SNDK-PERP	+0.0003%	1h	1,787.2	+0.004%	$348K	$1.4M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.3	+0.015%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,787.3	+0.012%	$683	$37K	5x	as long as short
edgeX SNDKUSDC	+0.0026%	4h	1,786.9	−0.009%	$567K	$354K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.3	+0.011%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	−0.018%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	−0.021%	$430K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.721%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786	−0.063%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	−0.066%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.1	−0.055%	$245K	$655K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,786.2	−0.049%	$114.8M	$147.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.1	−0.055%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,785.9	−0.066%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.7	−0.022%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,785.7	−0.077%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.7	−0.079%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.3	−0.045%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.9	−0.064%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,786.7	−0.024%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.8	−0.070%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTXlong	+0.0128%	1h	1,787.1	long leg	$442K	$2.3M	10x
SoDEX SNDK-USD	+0.0186%	1h	1,786	−0.063%	$730K	$515K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,786.5	−0.032%	$130K	$378K	20x	as long as short