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: Ondo Perps against Phoenix+0.062%48s7-day average −0.004% · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Ondo Perps is 0.066% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.004%. 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 | Phoenix SNDK | 1,784.5 | −0.0045 | get 0.0006% / 1h | 56m 16s | $278K | $193K | 15x |
| Short | Ondo Perps SNDK-USD.P | 1,785.6 | 0.0050 | get 0.0006% / 1h | 56m 16s | $1.4M | $5.0M | 5x |
Phoenix SNDK
Ondo Perps SNDK-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $19.97
- Price spread: +0.062% → −0.004%
- $6.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $14.52
- Costs to cover
- 0.120%
- Break-even
- 1.9 days
Slippage unknown: Phoenix: live order book, 4 min ago; Ondo Perps: no order-book sample. 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 Phoenix live order book, 4 min ago | 3.93 bp | 12.6 bp −$13 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 SNDKlong | −0.0045% | 1h | 1,784.5 | long leg | $278K | $193K | 15x | |
| QFEX SNDK-USD | −0.0023% | 1h | 1,785.7 | +0.067% | $1.6M | $15.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785.9 | +0.079% | $21.8M | $37.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,785.6 | +0.062% | $285.8M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,786.1 | +0.091% | $32.1M | $99.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,785.8 | +0.073% | $85.4M | $822.0M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,786.9 | +0.136% | $170K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,785.6 | +0.064% | $180.2M | $230.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,785.2 | +0.038% | $43.8M | $163.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,784.2 | −0.014% | $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 | −0.027% | $19K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,785.3 | +0.045% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,785.1 | +0.035% | $918 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,785.9 | +0.076% | $51K | $332K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,785.1 | +0.035% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,785.1 | +0.035% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,785.1 | +0.036% | $664 | $37K | 5x | as long as short |
| Nado SNDK-PERP | +0.0018% | 1h | 1,786.4 | +0.109% | $359K | $1.4M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,782.5 | −0.115% | $435K | $2.3M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,786.4 | +0.109% | $1.7M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,786.3 | +0.102% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,785.8 | +0.076% | $477K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.866% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.6 | −0.052% | $311K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,784.5 | +0.002% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.8 | +0.073% | $246K | $644K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0048% | 8h | 1,785.8 | +0.072% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,785.5 | +0.056% | $114.5M | $146.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,785 | +0.028% | $4.9M | $20.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,785.4 | +0.050% | $187K | $134K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,785.1 | +0.033% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.Pshort | +0.0050% | 1h | 1,785.6 | +0.062% | $1.4M | $5.0M | 5x | |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,786.1 | +0.090% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,785 | +0.030% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,785.8 | +0.075% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,785.1 | +0.034% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,784.5 | +0.001% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,785 | +0.026% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0591% | 4h | 1,784.5 | +0.001% | $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