Funding you earn now, next payment 21:00 UTC−0.0255%/8h= −27.9% APRnext payment −$0.32 per $10,000 · paid last 24h −0.017%
Price spread now: Phoenix against Nado−0.071%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.071%, 7d avg −0.016%
=Together, before fees+0.008%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phoenix is 0.055% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.013% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SNDK-PERP | 1,769.9 | 0.0209 | pay 0.0026% / 1h | 59m 14s | $308K | $1.4M | 10x |
| Short | Phoenix SNDK | 1,768.6 | −0.0045 | pay 0.0006% / 1h | 59m 14s | $275K | $195K | 15x |
Nado SNDK-PERP
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- −$53.45
- Price spread: −0.071% → −0.016%
- −$5.5
- Slippage, 4 orders
- −$22.82
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$95.77
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Phoenix: live order book, 21 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 Nado live order book, 4 min ago | 0.28 bp | 6.4 bp −$6 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 21 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 | 1,771.5 | +0.094% | $4.2M | $4.6M | 75x | as long as short |
| Phoenix SNDKshort | −0.0045% | 1h | 1,768.6 | −0.071% | $275K | $195K | 15x | |
| QFEX SNDK-USD | −0.0007% | 1h | 1,770.7 | +0.046% | $2.2M | $22.0M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,770.9 | +0.056% | $21.8M | $39.8M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,771.6 | +0.096% | $287.1M | $1.90B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,771.7 | +0.105% | $31.6M | $105.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,771.7 | +0.104% | $87.8M | $848.0M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771 | +0.065% | $183.6M | $241.0M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,771.4 | +0.087% | $49.6M | $171.4M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,768.5 | −0.076% | $2.6M | $4.7M | — | as long as short |
BloFin SNDK-USDT
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,768.4 | −0.085% | $10K | $1.0M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,770.9 | +0.059% | $14K | $294K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771 | +0.067% | $1K | $4.0M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,772.4 | +0.144% | $49K | $233K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.5 | +0.091% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.5 | +0.095% | $2.8M | $953K | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,770 | +0.006% | $681 | $38K | 5x | as long as short |
| RISEx SNDK/USDC | +0.0015% | 1h | 1,770.8 | +0.055% | $162K | $1.8M | 20x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,772.4 | +0.141% | $1.5M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,772.1 | +0.124% | $1.4M | $10.1M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,770.8 | +0.055% | $410K | $1.8M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.701% | $36 | $15K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,769.6 | −0.014% | $282K | $1.7M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,769.4 | −0.024% | — | $670K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.2 | +0.076% | $244K | $679K | 20x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,769.4 | −0.026% | $4.6M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.1 | +0.070% | $196K | $185K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,770.3 | +0.025% | $1.4M | $4.8M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,770.1 | +0.013% | — | — | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0056% | 1h | 1,770.2 | +0.017% | $434K | $2.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.5 | +0.094% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,770.2 | +0.019% | $213K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,770.1 | +0.012% | $6.0M | $22.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,769.4 | −0.027% | $68K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,770.6 | +0.043% | $8K | $2K | 20x | as long as short |
| SoDEX SNDK-USD | +0.0146% | 1h | 1,770.3 | +0.022% | $724K | $550K | 10x | as long as short |
| tradeXYZ xyz:SNDK | +0.0170% | 1h | 1,770.8 | +0.053% | $112.2M | $152.0M | 10x | as long as short |
| Nado SNDK-PERPlong | +0.0209% | 1h | 1,769.9 | long leg | $308K | $1.4M | 10x | |
| edgeX SNDKUSDC | +0.0272% | 4h | 1,768.6 | −0.070% | $562K | $356K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0387% | 1h | 1,767.6 | −0.127% | $129K | $416K | 20x | as long as short |
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
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
Entropy io:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Coinbase International SNDK-PERP-INTX
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
SoDEX SNDK-USD
tradeXYZ xyz:SNDK
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD