SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.048%

Price spread now: Phoenix against ApeX Omni+0.017%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.017%, 7d avg −0.012%

Together, before fees−0.320%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.029% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SNDKUSDT	1,772.9	0.0100	pay 0.0013% / 1h	14m 39s	$68K	$271K	50x
Short	Phoenix SNDK	1,773.2	0	get 0.0000% / 1h	14m 39s	$276K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. 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 ApeX OmnibpFee PhoenixbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$21
Price spread: +0.017% → −0.012%: $2.94
Slippage, 4 orders: −$31.63
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$66.69
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; Phoenix: live order book, 36 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 ApeX Omni live order book, 37 min ago	7.74 bp	12.7 bp −$13	33.9 bp −$339	doesn't fit	doesn't fit
Sell Phoenix live order book, 36 min ago	3.37 bp	11.5 bp −$12	25.0 bp −$250	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	1,772.2	−0.037%	$4.0M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,771.8	−0.061%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,771.7	−0.068%	$4.8M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,773.2	+0.017%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERP	−0.0014%	1h	1,773.4	+0.030%	$338K	$1.5M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.066%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.4	−0.029%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.8	−0.059%	$280.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.9	−0.056%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.9	−0.056%	$82.1M	$826.8M	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	1,773.7	+0.046%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,771.5	−0.079%	$177.2M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.6	−0.074%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.5	+0.035%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,773	+0.007%	$17K	$1.6M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,773.2	+0.017%	$276K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,773.3	+0.023%	$13K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,773.1	+0.013%	$1K	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,771.7	−0.068%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.3	−0.033%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,773	+0.003%	$705	$38K	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0015%	1h	1,772.5	−0.023%	$51K	$346K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.5	−0.025%	$1.7M	$15.9M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.7	−0.069%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.5	−0.080%	$428K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.526%	$36	$9K	12x	as long as short
Vest SNDK-USD-PERP	+0.0039%	1h	1,770.1	−0.156%	—	$582K	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.6	−0.073%	$264K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.9	+0.056%	$244K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.4	−0.084%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.3	−0.090%	$117.3M	$152.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.1	+0.011%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.3	−0.037%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,772.1	−0.045%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.7	−0.009%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.6	−0.076%	$197K	$289K	10x	as long as short
ApeX Omni SNDKUSDTlong	+0.0100%	1h	1,772.9	long leg	$68K	$271K	50x
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.3	−0.034%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,773.3	+0.023%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0449%	4h	1,771.1	−0.100%	$562K	$353K	10x	as long as short