Funding you earn now, next payment 21:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.064%
Price spread now: Phoenix against ApeX Omni−0.049%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.049%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.037% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SNDKUSDT | 1,769.5 | 0.0100 | pay 0.0013% / 1h | 1m 07s | $68K | $269K | 50x |
| Short | Phoenix SNDK | 1,768.6 | −0.0045 | pay 0.0006% / 1h | 1m 07s | $275K | $195K | 15x |
ApeX Omni SNDKUSDT
Phoenix SNDKFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.53
- Price spread: −0.049% → −0.012%
- −$3.71
- Slippage, 4 orders
- −$34.24
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$85.48
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 21 min ago; Phoenix: live order book, 19 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, 21 min ago | 7.97 bp | 13.0 bp −$13 | 34.2 bp −$342 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 19 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 | −0.057% | $4.2M | $4.5M | 75x | as long as short |
| Arcus SNDK-USD | −0.0085% | 1h | 1,768.5 | −0.058% | $282K | $1.7M | 10x | as long as short |
| Phoenix SNDKshort | −0.0045% | 1h | 1,768.6 | −0.049% | $275K | $195K | 15x | |
| QFEX SNDK-USD | −0.0008% | 1h | 1,768.3 | −0.065% | $2.2M | $22.0M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,769.1 | −0.021% | $21.8M | $39.8M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,768.6 | −0.048% | $286.6M | $1.90B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,769 | −0.029% | $31.6M | $105.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,768.3 | −0.066% | $87.7M | $846.3M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,769.8 | +0.016% | $162K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,768.5 | −0.054% | $183.4M | $245.1M | 75x | as long as short |
BloFin SNDK-USDT
Arcus SNDK-USD
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | 0.0000% | 8h | 1,768.5 | −0.053% | $49.5M | $171.4M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,769 | −0.026% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,768.8 | −0.039% | $10K | $1.0M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.8 | −0.039% | $14K | $294K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,768.2 | −0.071% | $1K | $4.0M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,769.3 | −0.009% | $49K | $233K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,768.6 | −0.047% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,768.4 | −0.063% | $2.8M | $951K | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,769.5 | 0.000% | $681 | $37K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,769.3 | −0.008% | $1.5M | $16.5M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,768.9 | −0.034% | $1.4M | $10.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,768.6 | −0.048% | $410K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.723% | $36 | $19K | 12x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0040% | 1h | 1,769.4 | −0.003% | $434K | $2.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,767.7 | −0.098% | — | $670K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,768.7 | −0.044% | $244K | $679K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,768.6 | −0.049% | $111.9M | $151.9M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,768.6 | −0.049% | $4.5M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,768.6 | −0.049% | $196K | $185K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,768.6 | −0.050% | $723K | $547K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769 | −0.027% | $1.4M | $4.8M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,768.6 | −0.051% | — | — | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0070% | 1h | 1,769.2 | −0.018% | $129K | $411K | 20x | as long as short |
| Nado SNDK-PERP | +0.0076% | 1h | 1,768.7 | −0.046% | $308K | $1.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,768.8 | −0.036% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,768.9 | −0.033% | $213K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,768.7 | −0.045% | $6.0M | $22.7M | 20x | as long as short |
| ApeX Omni SNDKUSDTlong | +0.0100% | 1h | 1,769.5 | long leg | $68K | $269K | 50x | |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,768.1 | −0.080% | $8K | $2K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0228% | 4h | 1,768.8 | −0.036% | $562K | $355K | 10x | as long as short |
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Coinbase International SNDK-PERP-INTX
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Kraken Futures PF_SNDKUSD
Nado SNDK-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC