SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.028%

Price spread now: Vest against Phoenix−0.060%58s7-day average +0.709% · you buy dearer than you sell

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

Long on Phoenix Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.060%, 7d avg +0.709%

Together, before fees+0.237%+ Points / potential airdropVest: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.769% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.709%). If the spread goes back, that is −$77 on $10k: about 6 months of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.111% in total) that is about 24 days. The two prices were read 58 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	1,761.2	0	get 0.0000% / 1h	49m 48s	$274K	$193K	15x
Short	Vest SNDK-USD-PERP	1,760.2	0.0015	get 0.0002% / 1h	49m 48s	—	$581K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.060%Rate

Funding earned: $3.24
Price spread: −0.060% → +0.709%: −$76.87
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$82.62
Costs to cover: 0.090%
Break-even: 185.4 days

Slippage unknown: Phoenix: live order book, 56 min ago; Vest: no order-book sample. 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 Phoenix live order book, 56 min ago	3.96 bp	12.7 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0251%	8h	1,763.3	+0.117%	$47.4M	$165.5M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.4	+0.070%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0013%	8h	1,763.1	+0.106%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.1	+0.108%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,763.9	+0.152%	$21.5M	$33.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763	+0.104%	$280.0M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,763.2	+0.115%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.3	+0.119%	$82.5M	$835.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.1	+0.163%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.9	+0.096%	$176.7M	$230.3M	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	1,762.2	+0.057%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.6	+0.081%	$12K	$1.9M	10x	as long as short
Phoenix SNDKlong	0.0000%	1h	1,761.2	long leg	$274K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,762.8	+0.091%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.7	+0.085%	$841	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.3	+0.119%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.7	+0.083%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.8	+0.148%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.1	+0.110%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERPshort	+0.0015%	1h	1,760.2	−0.060%	—	$581K	10x
Lighter RH SNDK	+0.0032%	1h	1,763.2	+0.113%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.6	+0.077%	$496K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.201%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.3	+0.006%	$254K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,761.5	+0.016%	$327K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.7	+0.085%	$243K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.7	+0.085%	$118.7M	$158.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	+0.068%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.7	+0.028%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	+0.062%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.8	+0.090%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763	+0.102%	$1.4M	$5.1M	5x	as long as short
Lighter SNDK	+0.0080%	1h	1,763.8	+0.150%	$1.8M	$16.2M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.8	+0.089%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.8	+0.091%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	+0.070%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	+0.072%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.284%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0148%	4h	1,761.1	−0.005%	$559K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.4	+0.124%	$127K	$347K	20x	as long as short