Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: Binance against Phoenix+0.075%55s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as 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−$330.334% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 4 days (all we have)+0.782%+$78 · spread now +0.075%, 7d avg +0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.072% dearer against Phoenix than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 55 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 | Phoenix SNDK | 1,777.5 | 0 | get 0.0000% / 1h | 28m 30s | $277K | $193K | 15x |
| Short | Binance SNDKUSDT | 1,778.8 | 0 | get 0.0000% / 8h | 3h 28m | $283.1M | $1.81B | 75x |
Phoenix SNDK
Binance SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.075% → +0.003%
- $7.2
- Slippage, 4 orders
- −$16.35
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.15
- Costs to cover
- 0.334%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 22 min ago; Binance: live order book, 16 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, 22 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.03 bp | 5.0 bp −$5 | 6.5 bp −$65 | 14.4 bp −$1,442 | 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 | 1,777.5 | −0.002% | $4.0M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0035% | 8h | 1,777.9 | +0.022% | $6.1M | $22.1M | 20x | as long as short |
| Nado SNDK-PERP | −0.0032% | 1h | 1,779.5 | +0.114% | $346K | $1.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,778.7 | +0.068% | $1.4M | $12.2M | 10x | as long as short |
| Entropy io:SNDK | −0.0012% | 1h | 1,777.7 | +0.011% | $4.8M | $19.9M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,777.5 | +0.001% | $432K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,779.7 | +0.123% | $21.7M | $32.3M | 20x | as long as short |
| Binance SNDKUSDTshort | 0.0000% | 8h | 1,778.8 | +0.075% | $283.1M | $1.81B | 75x | |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,779.3 | +0.100% | $32.3M | $101.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,778.8 | +0.073% | $82.8M | $827.3M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Nado SNDK-PERP
QFEX SNDK-USD
Entropy io:SNDK
Coinbase International SNDK-PERP-INTX
Aster SNDKUSD1
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx SNDK/USDC | 0.0000% | 1h | 1,779.9 | +0.135% | $169K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,778.5 | +0.056% | $177.5M | $230.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,778.8 | +0.070% | $44.4M | $162.4M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.5 | +0.002% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,778.1 | +0.031% | $16K | $1.6M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,777.5 | long leg | $277K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,778.9 | +0.081% | $14K | $286K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,776.8 | −0.040% | $888 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,777.9 | +0.023% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,776.7 | −0.044% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,777.5 | +0.001% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0007% | 1h | 1,777.5 | +0.002% | $734 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,779.5 | +0.110% | $1.7M | $15.7M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,779.1 | +0.092% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,779 | +0.083% | $437K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.264% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,776.4 | −0.062% | $265K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,777.2 | −0.020% | — | $580K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,778.9 | +0.079% | $246K | $652K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,778.6 | +0.063% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,779.3 | +0.101% | $117.5M | $151.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,778.7 | +0.068% | $187K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,777.7 | +0.011% | $727K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,778.3 | +0.045% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,777.2 | −0.016% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,778.7 | +0.069% | $198K | $288K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,778.3 | +0.046% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,777.4 | −0.007% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,777.8 | +0.019% | $129K | $353K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0891% | 4h | 1,776.9 | −0.035% | $564K | $353K | 10x | as long as short |
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
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
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
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
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC