Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.046%
Price spread now: ApeX Omni against Phoenix+0.070%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.070%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.057% dearer against Phoenix than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,761.2 | 0 | get 0.0000% / 1h | 50m 21s | $274K | $193K | 15x |
| Short | ApeX Omni SNDKUSDT | 1,762.4 | 0.0100 | get 0.0013% / 1h | 50m 21s | $68K | $270K | 50x |
Phoenix SNDK
ApeX Omni SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $21
- Price spread: +0.070% → +0.013%
- $5.72
- Slippage, 4 orders
- −$34.3
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$24.57
- Costs to cover
- 0.513%
- Break-even
- 15.2 days
Slippage from Phoenix: live order book, 55 min ago; ApeX Omni: live order book, 57 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 Phoenix live order book, 55 min ago | 3.96 bp | 12.7 bp −$13 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 57 min ago | 7.99 bp | 13.0 bp −$13 | 36.0 bp −$360 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0251% | 8h | 1,763.2 | +0.111% | $47.4M | $165.5M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,762.4 | +0.070% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0013% | 8h | 1,762.5 | +0.074% | $6.0M | $22.2M | 20x | as long as short |
| QFEX SNDK-USD | −0.0008% | 1h | 1,763.1 | +0.108% | $1.4M | $10.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,764.5 | +0.186% | $21.5M | $33.1M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,763.9 | +0.151% | $280.2M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,764 | +0.158% | $31.8M | $103.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,763.1 | +0.108% | $82.5M | $835.2M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,764.1 | +0.163% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,762.8 | +0.091% | $176.7M | $230.3M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,762.2 | +0.057% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,762.6 | +0.081% | $12K | $1.9M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,761.2 | long leg | $274K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,762.8 | +0.091% | $14K | $286K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,762.7 | +0.085% | $841 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,763.3 | +0.119% | $51K | $350K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,762.7 | +0.083% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,763.8 | +0.148% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0015% | 1h | 1,763.1 | +0.110% | $656 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0015% | 1h | 1,760.2 | −0.060% | — | $581K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,763.8 | +0.148% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,762.8 | +0.093% | $496K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.201% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,761.3 | +0.006% | $254K | $1.5M | 10x | as long as short |
| Nado SNDK-PERP | +0.0043% | 1h | 1,761.5 | +0.016% | $327K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,762.7 | +0.085% | $243K | $675K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,762.8 | +0.091% | $118.7M | $158.5M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,762.4 | +0.068% | $4.7M | $19.8M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,761.7 | +0.028% | $184K | $131K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762.3 | +0.062% | $721K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,763.2 | +0.116% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,763 | +0.102% | $1.4M | $5.1M | 5x | as long as short |
| Lighter SNDK | +0.0080% | 1h | 1,764 | +0.161% | $1.8M | $16.2M | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,762.8 | +0.089% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,763 | +0.102% | $196K | $303K | 10x | as long as short |
| ApeX Omni SNDKUSDTshort | +0.0100% | 1h | 1,762.4 | +0.070% | $68K | $270K | 50x | |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,762.5 | +0.072% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,766.2 | +0.284% | $432K | $2.3M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0148% | 4h | 1,761.1 | −0.005% | $559K | $352K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0400% | 1h | 1,763.4 | +0.124% | $127K | $347K | 20x | 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
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Nado SNDK-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Lighter SNDK
Aevo SNDK-PERP
Pacifica SNDK
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD