SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.026%

Price spread now: Extended against Phoenix+0.254%88s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$340.345% 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)−0.149%−$15 · spread now +0.254%, 7d avg −0.005%

Together, before fees−0.033%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.258% dearer against Phoenix than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 88 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	1,755.7	0	get 0.0000% / 1h	23m 59s	$273K	$193K	15x
Short	Extended SNDK_24_5-USD	1,760.2	0.0032	get 0.0004% / 1h	23m 59s	$415K	$1.9M	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 +0.254%Rate

Funding earned: $6.72
Price spread: +0.254% → −0.005%: $25.85
Slippage, 4 orders: −$22.45
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1.89
Costs to cover: 0.345%
Break-even: 9.0 days

Slippage from Phoenix: live order book, 22 min ago; Extended: live order book, 5 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, 22 min ago	3.96 bp	12.7 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.74 bp	4.3 bp −$4	10.3 bp −$103	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
Bitget SNDKUSDT	−0.0321%	8h	1,760.1	+0.252%	$45.8M	$163.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758	+0.130%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0041%	8h	1,759	+0.185%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,758.6	+0.167%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,759.7	+0.226%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.8	+0.233%	$279.4M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.6	+0.279%	$31.7M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.7	+0.285%	$81.7M	$828.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,758.4	+0.157%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.6	+0.224%	$175.2M	$230.8M	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	1,756.4	+0.041%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.143%	$15K	$1.7M	10x	as long as short
Phoenix SNDKlong	0.0000%	1h	1,755.7	long leg	$273K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,759.4	+0.211%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.2	+0.198%	$968	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.5	+0.272%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.9	+0.239%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.7	+0.230%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0005%	1h	1,758.8	+0.174%	$327K	$1.5M	10x	as long as short
Entropy io:SNDK	+0.0006%	1h	1,757.2	+0.085%	$4.7M	$19.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,756	+0.018%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.6	+0.163%	$687	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.1	+0.136%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760	+0.247%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USDshort	+0.0032%	1h	1,760.2	+0.254%	$415K	$1.9M	10x
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.521%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.6	+0.052%	$260K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.5	+0.216%	$242K	$658K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.8	+0.234%	$117.4M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,758.5	+0.159%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.2	+0.140%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.4	+0.156%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,756.6	+0.051%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0072%	1h	1,760.7	+0.284%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.183%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760	+0.247%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,755.6	−0.007%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.7	+0.170%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,760.2	+0.258%	$127K	$351K	20x	as long as short
edgeX SNDKUSDC	+0.0391%	4h	1,755	−0.040%	$557K	$351K	10x	as long as short