Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.019%
Price spread now: Phemex against Phoenix+0.035%47s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as 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−$860.856% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.035%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.038% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 47 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 | 55m 22s | $278K | $193K | 15x |
| Short | Phemex SNDKUSDT | 1,785.1 | 0 | get 0.0000% / 8h | 5h 55m | $2.8M | $1.1M | 50x |
Phoenix SNDK
Phemex SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $9.39
- Price spread: +0.035% → −0.003%
- $3.8
- Slippage, 4 orders
- −$66.56
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.38
- Costs to cover
- 0.856%
- Break-even
- 61.0 days
Slippage from Phoenix: live order book, 5 min ago; Phemex: live order book, 3 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, 5 min ago | 3.93 bp | 12.6 bp −$13 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.88 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
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 | 1,785.3 | +0.042% | $1.6M | $15.3M | 10x | as long as short |
| Nado SNDK-PERP | 0.0000% | 1h | 1,786.4 | +0.107% | $359K | $1.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785.9 | +0.076% | $21.8M | $37.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,785.5 | +0.057% | $285.8M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,786 | +0.086% | $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 | 1,786.5 | +0.110% | $170K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,785.5 | +0.057% | $180.1M | $230.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,785.2 | +0.040% | $43.8M | $163.5M | 75x | as long as short |
QFEX SNDK-USD
Nado SNDK-PERP
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDTShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,784.7 | +0.012% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,785.3 | +0.046% | $11K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,785.5 | +0.057% | $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 SNDKUSDTshort | 0.0000% | 8h | 1,785.1 | +0.035% | $2.8M | $1.1M | 50x | |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,785.3 | +0.043% | $664 | $37K | 5x | as long as short |
| Entropy io:SNDK | +0.0017% | 1h | 1,785 | +0.028% | $4.9M | $20.5M | 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 | 1,786.7 | +0.123% | $1.7M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,786 | +0.082% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,785.9 | +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 | 1,783.8 | −0.040% | $311K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,784.8 | +0.018% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.5 | +0.056% | $246K | $644K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0048% | 8h | 1,785.6 | +0.064% | — | — | 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 |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,785.3 | +0.045% | $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.P | +0.0050% | 1h | 1,785.1 | +0.034% | $1.4M | $5.0M | 5x | as long as short |
| 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 | 1,785.6 | +0.059% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,785 | +0.027% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,785.8 | +0.075% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,784.7 | +0.011% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0338% | 4h | 1,784.7 | +0.010% | $567K | $351K | 10x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Aftermath Perps SNDKUSD
Entropy io:SNDK
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
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Kraken Futures PF_SNDKUSD
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC