SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h +0.009%

Price spread now: Arcus against Phoenix−0.085%7-day average −0.060% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.085%, 7d avg −0.060%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.025% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.060%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,790.1	−0.0089	get 0.0011% / 1h	21m 15s	$279K	$193K	15x
Short	Arcus SNDK-USD	1,788.6	0.0040	get 0.0005% / 1h	21m 15s	$278K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now −0.085%Rate

Funding earned: $27.23
Price spread: −0.085% → −0.060%: −$2.5
Slippage, 4 orders: −$25.41
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$12.18
Costs to cover: 0.369%
Break-even: 10.1 days

Slippage from Phoenix: live order book, 35 min ago; Arcus: live order book, 3 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 Phoenix live order book, 35 min ago	2.79 bp	10.1 bp −$10	21.0 bp −$210	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	0.22 bp	9.3 bp −$9	12.7 bp −$127	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	1,789.8	−0.016%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDKlong	−0.0089%	1h	1,790.1	long leg	$279K	$193K	15x
Nado SNDK-PERP	−0.0083%	1h	1,791.3	+0.066%	$352K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0079%	1h	1,790.1	0.000%	$4.9M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.3	+0.013%	$1.4M	$13.4M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.246%	$439K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0007%	8h	1,790	−0.007%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.3	+0.065%	$21.8M	$36.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.8	+0.039%	$287.4M	$1.79B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791.4	+0.070%	$32.6M	$100.1M	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	1,790.1	0.000%	$84.2M	$826.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.9	+0.099%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.7	+0.031%	$180.4M	$231.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.4	+0.019%	$43.9M	$161.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,788.3	−0.103%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.026%	$16K	$1.4M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,790.5	+0.022%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,789.7	−0.024%	$814	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.8	+0.036%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	+0.002%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791	+0.048%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,789.7	−0.020%	$666	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.7	+0.091%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.3	+0.064%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	+0.020%	$490K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.551%	$36	$9K	12x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,788.6	−0.085%	$278K	$1.4M	10x
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,791.2	+0.061%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.2	+0.007%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791	+0.050%	$247K	$646K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.5	+0.023%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.8	+0.039%	$115.3M	$146.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.4	+0.017%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.2	+0.006%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	+0.011%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.2	+0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.9	+0.042%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.3	−0.044%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790	−0.005%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0709%	4h	1,789.1	−0.055%	$568K	$352K	10x	as long as short