SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h −0.003%

Price spread now: Deribit against Injective−2.234%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 2.234% cheaper against Injective than usual: you would sell low and buy high (spread −2.234% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$223 on $10k: about 50 days of funding at the current rate (+$4 a day). The two prices were read 63 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	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	59m 37s	$36	$9K	12x
Short	Deribit SNDK_USDC-PERPETUAL	1,759.7	0.0182	get 0.0023% / 1h	59m 37s	$51K	$358K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −2.234%Rate

Funding earned: $31.23
Price spread: −2.234% → 0.000%: −$223.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$199.23
Costs to cover: 0.070%
Break-even: 51.7 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 34 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 34 min ago	9.01 bp	12.5 bp −$13	16.6 bp −$166	doesn't fit	doesn't fit

Injective: 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
Bitget SNDKUSDT	−0.0133%	8h	1,759.6	−2.241%	$49.7M	$168.3M	75x	as long as short
Entropy io:SNDK	−0.0128%	1h	1,759.8	−2.231%	$4.5M	$19.4M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.3	−2.313%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,759.2	−2.264%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.6	−2.240%	$21.4M	$32.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.6	−2.242%	$279.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.5	−2.247%	$32.0M	$105.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.8	−2.231%	$82.4M	$827.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759.6	−2.244%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.5	−2.247%	$180.3M	$222.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,758.2	−2.322%	$2.6M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.7	−2.290%	$21K	$2.3M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,757.5	−2.359%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.4	−2.198%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.1	−2.324%	$814	$3.2M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.2	−2.265%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.7	−2.181%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0014%	1h	1,758.5	−2.304%	$336K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.4	−2.307%	$673	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0019%	8h	1,758.5	−2.304%	$6.0M	$22.6M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.5	−2.190%	$1.7M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.7	−2.237%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.7	−2.235%	$390K	$2.2M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,759.1	−2.271%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0042%	1h	1,759.6	−2.241%	—	$573K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.2	−2.209%	$242K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.1	−2.270%	$119.3M	$159.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.1	−2.270%	$186K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.8	−2.231%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0052%	8h	1,759.4	−2.254%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.2	−2.264%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.4	−2.253%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.6	−2.241%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.4	−2.252%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.7	−2.292%	$440K	$2.1M	10x	as long as short
SoDEX SNDK-USD	+0.0132%	1h	1,759.5	−2.247%	$719K	$515K	10x	as long as short
Deribit SNDK_USDC-PERPETUALshort	+0.0182%	1h	1,759.7	−2.234%	$51K	$358K	10x
edgeX SNDKUSDC	+0.0256%	4h	1,759.1	−2.272%	$559K	$349K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,760.6	−2.185%	$128K	$336K	20x	as long as short