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: Phoenix against Polymarket Perps+0.040%59s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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 Polymarket Perps Short on Phoenix

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)0.000%$0 · spread now +0.040%, 7d avg +0.047%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. 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	Polymarket Perps SNDK-USD	1,768.4	0.0050	pay 0.0006% / 1h	7m 59s	$196K	$185K	10x
Short	Phoenix SNDK	1,769.1	−0.0045	pay 0.0006% / 1h	7m 59s	$276K	$195K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$20.03
Price spread: +0.040% → +0.047%: −$0.69
Slippage, 4 orders: −$22.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$57.99
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 14 min ago; Phoenix: live order book, 12 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 Polymarket Perps live order book, 14 min ago	1.98 bp	6.0 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell Phoenix live order book, 12 min ago	3.96 bp	12.7 bp −$13	27.5 bp −$275	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	1,768.5	+0.006%	$4.1M	$4.5M	75x	as long as short
Arcus SNDK-USD	−0.0085%	1h	1,768.2	−0.011%	$282K	$1.7M	10x	as long as short
Phoenix SNDKshort	−0.0045%	1h	1,769.1	+0.040%	$276K	$195K	15x
QFEX SNDK-USD	−0.0008%	1h	1,768.4	+0.002%	$2.2M	$22.0M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0004%	1h	1,768.8	+0.021%	$49K	$230K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,769	+0.034%	$21.8M	$39.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.7	+0.016%	$286.6M	$1.90B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769	+0.031%	$31.6M	$105.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.7	+0.017%	$87.7M	$846.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.5	+0.063%	$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	1,768.6	+0.010%	$183.3M	$245.0M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,768.9	+0.025%	$49.5M	$171.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,769.6	+0.066%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,769.2	+0.045%	$10K	$1.0M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.6	+0.010%	$14K	$295K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,768.1	−0.015%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,768.5	+0.005%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.7	+0.019%	$2.8M	$948K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,769.3	+0.051%	$753	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.5	+0.059%	$1.5M	$16.5M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.3	+0.048%	$1.4M	$10.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.8	+0.022%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.785%	$36	$19K	12x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0040%	1h	1,770.3	+0.106%	$434K	$2.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0043%	1h	1,768.5	+0.008%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.7	+0.017%	$244K	$680K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.9	+0.028%	$111.9M	$151.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,769	+0.034%	$4.5M	$20.4M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,768.4	long leg	$196K	$185K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,768.7	+0.014%	$723K	$547K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.9	−0.028%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,768.6	+0.012%	—	—	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0070%	1h	1,769.3	+0.052%	$129K	$415K	20x	as long as short
Nado SNDK-PERP	+0.0074%	1h	1,768.9	+0.028%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.5	+0.005%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768.6	+0.012%	$213K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,768.6	+0.013%	$6.0M	$22.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.6	+0.067%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.3	−0.008%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0604%	4h	1,769.7	+0.073%	$562K	$354K	10x	as long as short