SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.031%

Price spread now: Polymarket Perps against Phoenix+0.006%59s7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$370.373% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.006%, 7d avg −0.047%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.052% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.047%. The two prices were read 59 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	1,768.7	−0.0045	get 0.0006% / 1h	6m 25s	$275K	$195K	15x
Short	Polymarket Perps SNDK-USD	1,768.8	0.0050	get 0.0006% / 1h	6m 25s	$196K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.006%Rate

Funding earned: $20.03
Price spread: +0.006% → −0.047%: $5.22
Slippage, 4 orders: −$22.27
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.02
Costs to cover: 0.373%
Break-even: 11.2 days

Slippage from Phoenix: live order book, 13 min ago; Polymarket Perps: live order book, 15 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, 13 min ago	3.96 bp	12.7 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 15 min ago	1.98 bp	6.0 bp −$6	9.3 bp −$93	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	1,768.7	−0.001%	$4.2M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.7	−0.002%	$282K	$1.7M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0055%	1h	1,769	+0.016%	$49K	$230K	10x	as long as short
Phoenix SNDKlong	−0.0045%	1h	1,768.7	long leg	$275K	$195K	15x
QFEX SNDK-USD	−0.0008%	1h	1,768.7	−0.001%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769.2	+0.029%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.1	+0.022%	$286.7M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.3	+0.032%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.2	+0.028%	$87.7M	$846.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,770.1	+0.076%	$162K	$1.8M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,769.2	+0.027%	$183.4M	$245.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,769.3	+0.032%	$49.6M	$171.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.6	+0.049%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.5	−0.010%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,769.1	+0.022%	$14K	$295K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.3	−0.025%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.5	−0.012%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.7	−0.002%	$2.8M	$948K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,769.2	+0.028%	$753	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.9	+0.066%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.6	+0.051%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.1	+0.022%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.767%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.089%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0044%	1h	1,768.4	−0.018%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,769.2	+0.028%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.1	+0.023%	$111.9M	$151.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769.1	+0.023%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,768.8	+0.006%	$196K	$185K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,768.8	+0.004%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.9	−0.045%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,769	+0.019%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.7	+0.055%	$129K	$411K	20x	as long as short
Nado SNDK-PERP	+0.0072%	1h	1,769.3	+0.035%	$308K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.8	+0.006%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,769	+0.019%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.5	−0.011%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.5	+0.045%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.2	−0.028%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0788%	4h	1,768.5	−0.013%	$562K	$354K	10x	as long as short