Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.022%
Price spread now: Phoenix against Extended+0.209%88s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)−0.429%−$43 · spread now +0.209%, 7d avg +0.006%
=Together, before fees−0.544%+ Points / potential airdropExtended: Active · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.203% dearer against Extended than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of +0.006%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. 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 | Extended SNDK_24_5-USD | 1,750.8 | 0.0032 | pay 0.0004% / 1h | 38m 01s | $448K | $2.0M | 10x |
| Short | Phoenix SNDK | 1,754.5 | 0 | get 0.0000% / 1h | 38m 01s | $273K | $193K | 15x |
Extended SNDK_24_5-USD
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$6.72
- Price spread: +0.209% → +0.006%
- $20.33
- Slippage, 4 orders
- −$21.95
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.34
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Phoenix: live order book, 58 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 Extended live order book, 5 min ago | 2.71 bp | 5.5 bp −$5 | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 58 min ago | 2.84 bp | 11.1 bp −$11 | 23.2 bp −$232 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX SNDK-USDT | −0.0670% | 8h | 1,749.4 | −0.083% | $1.4M | $10.5M | 50x | as long as short |
| GRVT SNDK_USDT_Perp | −0.0660% | 8h | 1,755.1 | +0.244% | $21K | $2.2M | 10x | as long as short |
| Bitget SNDKUSDT | −0.0248% | 8h | 1,751.5 | +0.038% | $49.4M | $166.8M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,750.2 | −0.037% | $3.9M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0082% | 1h | 1,750.1 | −0.044% | $332K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0043% | 8h | 1,750.1 | −0.042% | $6.0M | $22.6M | 20x | as long as short |
| Entropy io:SNDK | −0.0007% | 1h | 1,751.6 | +0.043% | $4.5M | $19.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0002% | 1h | 1,750.2 | −0.039% | $1.4M | $9.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,750 | −0.049% | $21.3M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,751.3 | +0.026% | $280.0M | $1.85B | 75x | as long as short |
HTX SNDK-USDT
GRVT SNDK_USDT_Perp
Bitget SNDKUSDT
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
Entropy io:SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SNDKUSDT | 0.0000% | 8h | 1,751.7 | +0.051% | $31.7M | $104.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,751.8 | +0.055% | $82.3M | $821.9M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,750.7 | −0.007% | $136K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,750.6 | −0.017% | $178.6M | $217.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,752.6 | +0.102% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,754.5 | +0.209% | $273K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,750.2 | −0.037% | $14K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,750.9 | +0.002% | $756 | $3.3M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,750.3 | −0.030% | $50K | $360K | 10x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,750.6 | −0.015% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0007% | 1h | 1,747.2 | −0.210% | — | $570K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0011% | 1h | 1,753.8 | +0.171% | $728 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,751.2 | +0.022% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,750.9 | +0.005% | $1.2M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USDlong | +0.0032% | 1h | 1,750.8 | long leg | $448K | $2.0M | 10x | |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.805% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,749.5 | −0.076% | $255K | $1.4M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,749.2 | −0.095% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,750.6 | −0.014% | $240K | $630K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,751 | +0.009% | $118.6M | $158.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,751.1 | +0.015% | $184K | $127K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,750.1 | −0.042% | $716K | $521K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,750.1 | −0.042% | $1.3M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,749.8 | −0.062% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,749.7 | −0.066% | $196K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,754.1 | +0.187% | $67K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,749.5 | −0.078% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,750.7 | −0.010% | $425K | $2.1M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0285% | 1h | 1,750.5 | −0.018% | $127K | $344K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0742% | 4h | 1,753.2 | +0.134% | $557K | $350K | 10x | as long as short |
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Injective SNDK/USDC PERP
Arcus SNDK-USD
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC