Funding you earn now, next payment 01:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.035%
Price spread now: Phoenix against Ondo Perps−0.062%48s7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.306%−$31 · spread now −0.062%, 7d avg +0.004%
=Together, before fees−0.360%+ Points / potential airdropOndo Perps: Active · farm board−$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.065% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 48 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 | Ondo Perps SNDK-USD.P | 1,785.6 | 0.0050 | pay 0.0006% / 1h | 56m 20s | $1.4M | $5.0M | 5x |
| Short | Phoenix SNDK | 1,784.5 | −0.0045 | pay 0.0006% / 1h | 56m 20s | $278K | $193K | 15x |
Ondo Perps SNDK-USD.P
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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
- −$19.97
- Price spread: −0.062% → +0.004%
- −$6.55
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$38.52
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phoenix: live order book, 4 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 4 min ago | 3.93 bp | 12.6 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SNDK on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDKshort | −0.0045% | 1h | 1,784.5 | −0.062% | $278K | $193K | 15x | |
| QFEX SNDK-USD | −0.0023% | 1h | 1,785.7 | +0.006% | $1.6M | $15.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785.9 | +0.018% | $21.8M | $37.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,785.6 | 0.000% | $285.8M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,786.1 | +0.030% | $32.1M | $99.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,785.8 | +0.011% | $85.4M | $822.0M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,786.9 | +0.074% | $170K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,785.6 | +0.002% | $180.2M | $230.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,785.2 | −0.024% | $43.8M | $163.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,784.2 | −0.076% | $2.6M | $4.7M | — | as long as short |
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,784 | −0.088% | $19K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,785.3 | −0.017% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,785.1 | −0.027% | $918 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,785.9 | +0.015% | $51K | $332K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,785.1 | −0.026% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,785.1 | −0.027% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,785.1 | −0.026% | $664 | $37K | 5x | as long as short |
| Nado SNDK-PERP | +0.0018% | 1h | 1,786.4 | +0.048% | $359K | $1.4M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,782.5 | −0.176% | $435K | $2.3M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,786.4 | +0.047% | $1.7M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,786.3 | +0.040% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,785.8 | +0.014% | $477K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.804% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.6 | −0.114% | $311K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,784.5 | −0.060% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.8 | +0.011% | $246K | $644K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0048% | 8h | 1,785.8 | +0.010% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,785.5 | −0.006% | $114.5M | $146.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,785 | −0.034% | $4.9M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,785.4 | −0.011% | $187K | $134K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,785.1 | −0.029% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.Plong | +0.0050% | 1h | 1,785.6 | long leg | $1.4M | $5.0M | 5x | |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,786.1 | +0.029% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,785 | −0.031% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,785.8 | +0.013% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,785.1 | −0.028% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,784.5 | −0.061% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,785 | −0.036% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0591% | 4h | 1,784.5 | −0.061% | $567K | $354K | 10x | 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
Nado SNDK-PERP
Coinbase International SNDK-PERP-INTX
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Kraken Futures PF_SNDKUSD
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC