SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.010%

Price spread now: Arcus against Phoenix−0.135%49s7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.387% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.135%, 7d avg −0.060%

Together, before fees+0.263%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.075% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.060%). If the spread goes back, that is −$7 on $10k: about 6.2 days of funding at the current rate (+$1 a day). The two prices were read 49 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	1,782.2	0	get 0.0000% / 1h	42m 24s	$278K	$193K	15x
Short	Arcus SNDK-USD	1,779.8	0.0040	get 0.0005% / 1h	42m 24s	$265K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.135%Rate

Funding earned: $8.46
Price spread: −0.135% → −0.060%: −$7.5
Slippage, 4 orders: −$27.23
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$37.77
Costs to cover: 0.387%
Break-even: 38.3 days

Slippage from Phoenix: live order book, 8 min ago; Arcus: live order book, 2 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, 8 min ago	3.37 bp	11.5 bp −$12	25.0 bp −$250	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	1.04 bp	8.6 bp −$9	13.4 bp −$134	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	1,779.6	−0.148%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0110%	1h	1,780.5	−0.095%	$4.8M	$19.9M	10x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,780.7	−0.086%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0041%	1h	1,779.8	−0.135%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,779.7	−0.141%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	−0.112%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,780.8	−0.076%	$21.7M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,780.7	−0.084%	$283.7M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,781.1	−0.064%	$32.4M	$101.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,781	−0.067%	$83.5M	$824.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,780.1	−0.116%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,781	−0.070%	$179.4M	$229.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,781	−0.067%	$43.8M	$162.1M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,782.2	+0.001%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	−0.101%	$17K	$1.5M	10x	as long as short
Phoenix SNDKlong	0.0000%	1h	1,782.2	long leg	$278K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,780.9	−0.073%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,779.3	−0.162%	$737	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,781.2	−0.058%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,779	−0.182%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,780.8	−0.076%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,781.5	−0.038%	$663	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,780.1	−0.120%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,779.7	−0.140%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,780.5	−0.096%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.997%	$36	$9K	12x	as long as short
edgeX SNDKUSDC	+0.0036%	4h	1,782	−0.010%	$566K	$353K	10x	as long as short
Arcus SNDK-USDshort	+0.0040%	1h	1,779.8	−0.135%	$265K	$1.5M	10x
Vest SNDK-USD-PERP	+0.0046%	1h	1,778.5	−0.208%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,780.7	−0.084%	$245K	$650K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,779.1	−0.174%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,780.9	−0.073%	$117.6M	$150.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,780.5	−0.095%	$187K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,779.7	−0.140%	$727K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.7	−0.196%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,780.4	−0.102%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,779.8	−0.133%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.6	−0.088%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,780.1	−0.117%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,781.4	−0.048%	$130K	$352K	20x	as long as short