SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h +0.004%

Price spread now: Entropy against Phoenix−0.028%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Phoenix Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.028%, 7d avg −0.039%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,788.5	−0.0045	get 0.0006% / 1h	47m 21s	$279K	$193K	15x
Short	Entropy io:SNDK	1,788	−0.0114	pay 0.0014% / 1h	47m 21s	$4.8M	$20.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.028%Rate

Funding earned: −$14.6
Price spread: −0.028% → −0.039%: $1.15
Slippage, 4 orders: −$20.8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$59.25
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Phoenix: live order book, 18 min ago; Entropy: live order book, 10 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, 18 min ago	3.91 bp	12.5 bp −$13	27.3 bp −$273	doesn't fit	doesn't fit
Sell Entropy live order book, 10 min ago	0.56 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
BloFin SNDK-USDT	−0.0120%	8h	1,788	−0.027%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDKshort	−0.0114%	1h	1,788	−0.028%	$4.8M	$20.4M	10x
Phoenix SNDKlong	−0.0045%	1h	1,788.5	long leg	$279K	$193K	15x
QFEX SNDK-USD	−0.0024%	1h	1,786.6	−0.105%	$1.8M	$17.6M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0007%	1h	1,787.3	−0.067%	$51K	$328K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.3	−0.012%	$21.8M	$41.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.1	−0.078%	$286.7M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.8	−0.042%	$31.9M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,787.2	−0.073%	$86.3M	$830.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.2	−0.073%	$181.3M	$231.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,786.8	−0.096%	$47.5M	$164.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.3	+0.103%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,788.4	−0.003%	$22K	$1.1M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,787.1	−0.077%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786.6	−0.108%	$822	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,787.7	−0.048%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,787.5	−0.054%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0005%	1h	1,788.8	+0.015%	$683	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0018%	1h	1,787.2	−0.073%	$114.4M	$146.5M	10x	as long as short
Nado SNDK-PERP	+0.0022%	1h	1,788	−0.026%	$363K	$1.4M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.6	−0.052%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.6	−0.052%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.7	−0.046%	$469K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.641%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,787.5	−0.056%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.9	−0.088%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	−0.106%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,787	−0.081%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.8	−0.095%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,787.8	−0.042%	$731K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787	−0.084%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,787.2	−0.074%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,786.5	−0.111%	$440K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.9	−0.087%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,787.9	−0.034%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,788.6	+0.007%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.3	−0.122%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,788	−0.030%	$130K	$365K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.9	−0.036%	$171K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0264%	4h	1,788.4	−0.006%	$568K	$353K	10x	as long as short