Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.008%
Price spread now: Phemex against BloFin−0.042%59s7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$600.599% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.042%, 7d avg +0.008%
=Funding pays, the price is against you. Phemex is 0.050% cheaper against BloFin than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.008%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour. The two prices were read 59 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 | BloFin SNDK-USDT | 1,771.7 | −0.0120 | get 0.0120% / 8h | 1h 48m | $4.1M | $4.5M | 75x |
| Short | Phemex SNDKUSDT | 1,771 | 0 | get 0.0000% / 8h | 1h 48m | $2.8M | $960K | 50x |
BloFin SNDK-USDT
Phemex SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- $25.2
- Price spread: −0.042% → +0.008%
- −$5.01
- Slippage, 4 orders
- −$35.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39.67
- Costs to cover
- 0.599%
- Break-even
- 18.0 days
Slippage from BloFin: live order book, 5 min ago; Phemex: 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 BloFin live order book, 5 min ago | 0.31 bp | 6.6 bp −$7 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.75 bp | 15.6 bp −$16 | doesn't fit | 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-USDTlong | −0.0120% | 8h | 1,771.7 | long leg | $4.1M | $4.5M | 75x | |
| QFEX SNDK-USD | −0.0007% | 1h | 1,771.4 | −0.018% | $2.2M | $21.9M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,771.3 | −0.024% | $21.8M | $39.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,770.9 | −0.043% | $286.6M | $1.89B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,771.2 | −0.028% | $31.7M | $105.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,771 | −0.040% | $87.7M | $845.6M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,770.8 | −0.053% | $183.3M | $241.2M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,771 | −0.038% | $49.6M | $171.0M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,771.6 | −0.005% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,771.6 | −0.004% | $20K | $1.0M | 10x | as long as short |
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_PerpShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,771.8 | +0.006% | $276K | $195K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,770.8 | −0.051% | $14K | $294K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,770.6 | −0.064% | $945 | $4.0M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,770.9 | −0.043% | $49K | $240K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.1 | −0.037% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDTshort | 0.0000% | 8h | 1,771 | −0.042% | $2.8M | $960K | 50x | |
| Aftermath Perps SNDKUSD | +0.0007% | 1h | 1,771 | −0.038% | $725 | $37K | 5x | as long as short |
| RISEx SNDK/USDC | +0.0015% | 1h | 1,772.4 | +0.040% | $162K | $1.8M | 20x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,771.6 | −0.008% | $1.5M | $16.1M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,771.2 | −0.031% | $1.4M | $10.2M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,770.7 | −0.056% | $410K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.595% | $36 | $15K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771 | −0.039% | $282K | $1.7M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,770.4 | −0.076% | — | $670K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.3 | −0.023% | $244K | $672K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,770.8 | −0.051% | $112.6M | $152.1M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,770.6 | −0.062% | $4.5M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,770.8 | −0.051% | $196K | $90K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,771 | −0.041% | $724K | $550K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,771.3 | −0.023% | $1.4M | $4.8M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,771.3 | −0.024% | — | — | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0056% | 1h | 1,773.3 | +0.090% | $438K | $2.4M | 10x | as long as short |
| Nado SNDK-PERP | +0.0066% | 1h | 1,771.5 | −0.010% | $309K | $1.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,770.3 | −0.078% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.4 | −0.016% | $213K | $291K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,770.6 | −0.061% | $6.0M | $22.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,771.7 | +0.001% | $68K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,770 | −0.097% | $8K | $2K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0202% | 4h | 1,771.5 | −0.012% | $563K | $355K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0386% | 1h | 1,771.5 | −0.009% | $129K | $415K | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Aftermath Perps SNDKUSD
RISEx SNDK/USDC
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
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
Coinbase International SNDK-PERP-INTX
Nado SNDK-PERP
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD