SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h +0.017%

Price spread now: Extended against Phoenix+0.047%48s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$370.366% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.047%, 7d avg −0.006%

Together, before fees+0.174%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.053% dearer against Phoenix than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.006%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you. The two prices were read 48 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	Phoenix SNDK	1,761.4	0.0045	pay 0.0006% / 1h	48m 34s	$274K	$178K	15x
Short	Extended SNDK_24_5-USD	1,762.2	0.0032	get 0.0004% / 1h	48m 34s	$419K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$2.77
Price spread: +0.047% → −0.006%: $5.28
Slippage, 4 orders: −$24.63
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.12
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Phoenix: live order book, 55 min ago; Extended: 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, 55 min ago	3.39 bp	11.9 bp −$12	25.4 bp −$254	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.78 bp	6.3 bp −$6	16.4 bp −$164	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	1,760.5	−0.050%	$166K	$378K	20x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.7	+0.075%	$3.9M	$4.7M	75x	as long as short
Entropy io:SNDK	−0.0001%	1h	1,763.9	+0.142%	$4.5M	$19.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.3	+0.106%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.2	+0.102%	$280.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.1	+0.097%	$31.4M	$107.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.8	+0.079%	$78.9M	$841.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.1	+0.154%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.7	+0.075%	$180.6M	$210.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,763	+0.093%	$48.5M	$172.3M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,765.2	+0.216%	$2.7M	$4.4M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.9	+0.253%	$22K	$2.6M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.1	+0.040%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762	+0.036%	$899	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.4	−0.003%	$19K	$447K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.4	−0.002%	$1.5M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.7	+0.075%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,762.6	+0.070%	$1.5M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0023%	1h	1,765.6	+0.241%	$675	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.4	+0.113%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDshort	+0.0032%	1h	1,762.2	+0.047%	$419K	$2.4M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.189%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.9	+0.029%	$261K	$1.4M	10x	as long as short
Phoenix SNDKlong	+0.0045%	1h	1,761.4	long leg	$274K	$178K	15x
Vest SNDK-USD-PERP	+0.0046%	1h	1,761.5	+0.007%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.2	+0.102%	$243K	$700K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.3	+0.108%	$122.5M	$151.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,762.4	+0.057%	$193K	$165K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762	+0.033%	$722K	$529K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.2	−0.011%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,762.6	+0.069%	—	—	5x	as long as short
Nado SNDK-PERP	+0.0065%	1h	1,763.1	+0.096%	$322K	$1.5M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.9	−0.030%	$1K	—	10x	as long as short
Lighter SNDK	+0.0096%	1h	1,764.1	+0.153%	$1.8M	$16.5M	20x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763.6	+0.128%	$192K	$305K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,763.6	+0.124%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,766	+0.263%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.5	−0.049%	$9K	$6K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,761.9	+0.027%	$446K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0296%	4h	1,765.3	+0.223%	$561K	$338K	10x	as long as short