Funding you earn now, next payment 11:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.007%
Price spread now: Phoenix against Binance+0.148%105s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$340.340% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)−1.005%−$101 · spread now +0.148%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.152% dearer against Binance than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour. The two prices were read 105 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 | Binance SNDKUSDT | 1,761.5 | 0 | get 0.0000% / 8h | 4h 49m | $280.5M | $1.87B | 75x |
| Short | Phoenix SNDK | 1,764.1 | 0.0045 | get 0.0006% / 1h | 49m 42s | $275K | $178K | 15x |
Binance SNDKUSDT
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $9.49
- Price spread: +0.148% → −0.004%
- $15.16
- Slippage, 4 orders
- −$17.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$9.37
- Costs to cover
- 0.340%
- Break-even
- 13.9 days
Slippage from Binance: live order book, 2 min ago; Phoenix: live order book, 54 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 Binance live order book, 2 min ago | 0.03 bp | 5.2 bp −$5 | 6.0 bp −$60 | 16.8 bp −$1,684 | doesn't fit |
| Sell Phoenix live order book, 54 min ago | 3.39 bp | 11.9 bp −$12 | 25.4 bp −$254 | doesn't fit | doesn't fit |
SNDK on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SNDKUSD | −0.0127% | 1h | 1,762.9 | +0.082% | $167K | $374K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,765.9 | +0.249% | $3.9M | $4.7M | 75x | as long as short |
| Entropy io:SNDK | −0.0002% | 1h | 1,763.2 | +0.097% | $4.5M | $19.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,762.3 | +0.043% | $21.5M | $32.3M | 20x | as long as short |
| Binance SNDKUSDTlong | 0.0000% | 8h | 1,761.5 | long leg | $280.5M | $1.87B | 75x | |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,761.9 | +0.024% | $31.3M | $107.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,761.9 | +0.023% | $78.8M | $840.9M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,763.3 | +0.104% | $146K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,762 | +0.027% | $180.5M | $210.2M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,761.2 | −0.015% | $48.4M | $172.2M | 75x | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
Entropy io:SNDK
Aster SNDKUSD1
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,765.2 | +0.210% | $2.7M | $4.4M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,768.4 | +0.393% | $28K | $2.6M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,765.1 | +0.204% | $12K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,764.5 | +0.169% | $900 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,762.5 | +0.056% | $19K | $447K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,761.5 | +0.001% | $1.5M | $9.9M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,761.5 | 0.000% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | +0.0004% | 1h | 1,761.5 | 0.000% | $1.5M | $9.3M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0023% | 1h | 1,766.6 | +0.288% | $675 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,761.4 | −0.009% | $1.2M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,761.7 | +0.013% | $419K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.183% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,761 | −0.029% | $255K | $1.4M | 10x | as long as short |
| Phoenix SNDKshort | +0.0045% | 1h | 1,764.1 | +0.148% | $275K | $178K | 15x | |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,764 | +0.140% | — | $570K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,762.6 | +0.062% | $243K | $697K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,760.6 | −0.051% | $122.3M | $151.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,764.5 | +0.170% | $192K | $152K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762.8 | +0.072% | $722K | $529K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,765.4 | +0.221% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,761.1 | −0.021% | — | — | 5x | as long as short |
| Nado SNDK-PERP | +0.0063% | 1h | 1,764.3 | +0.159% | $320K | $1.5M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,764.5 | +0.168% | $1K | — | 10x | as long as short |
| Lighter SNDK | +0.0096% | 1h | 1,761.8 | +0.019% | $1.8M | $16.5M | 20x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,761.2 | −0.017% | $192K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,762.3 | +0.044% | $6.1M | $23.1M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,769.4 | +0.451% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,762.8 | +0.072% | $9K | $6K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0176% | 1h | 1,767.2 | +0.323% | $445K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0740% | 4h | 1,768.5 | +0.395% | $562K | $337K | 10x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Nado SNDK-PERP
Aevo SNDK-PERP
Lighter SNDK
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC