Funding you earn now, next payment 02:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h +0.033%
Price spread now: SoDEX against Phoenix−0.012%50s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Funding, last 3 days (all we have)+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.012%, 7d avg −0.028%
=The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 50 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 | 1,787.1 | −0.0090 | get 0.0011% / 1h | 29m 25s | $278K | $193K | 15x |
| Short | SoDEX SNDK-USD | 1,786.9 | 0.0050 | get 0.0006% / 1h | 29m 25s | $730K | $515K | 10x |
Phoenix SNDK
SoDEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $29.35
- Price spread: −0.012% → −0.028%
- $1.58
- Slippage, 4 orders
- −$25.43
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$9.5
- Costs to cover
- 0.404%
- Break-even
- 9.3 days
Slippage from Phoenix: live order book, 31 min ago; SoDEX: live order book, 34 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, 31 min ago | 3.93 bp | 12.6 bp −$13 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 34 min ago | 0.03 bp | 7.6 bp −$8 | 40.2 bp −$402 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNDK-USDT | −0.0120% | 8h | 1,788 | +0.053% | $4.1M | $4.4M | 75x | as long as short |
| Phoenix SNDKlong | −0.0090% | 1h | 1,787.1 | long leg | $278K | $193K | 15x | |
| Deribit SNDK_USDC-PERPETUAL | −0.0074% | 1h | 1,787.2 | +0.004% | $51K | $338K | 10x | as long as short |
| Entropy io:SNDK | −0.0051% | 1h | 1,787.1 | 0.000% | $4.9M | $20.2M | 10x | as long as short |
| Nado SNDK-PERP | −0.0036% | 1h | 1,788 | +0.049% | $359K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0023% | 1h | 1,786.8 | −0.020% | $1.5M | $14.7M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,787.2 | +0.004% | $21.8M | $37.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,786.9 | −0.010% | $285.5M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,787.3 | +0.012% | $32.1M | $99.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,787.3 | +0.011% | $85.1M | $823.1M | 75x | as long as short |
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
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 | 1,788.2 | +0.059% | $170K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,787.2 | +0.006% | $180.3M | $230.8M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,786.9 | −0.012% | $43.8M | $161.5M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,787.9 | +0.044% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,788 | +0.050% | $10K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,786.9 | −0.011% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,787.1 | +0.001% | $590 | $3.6M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,786.7 | −0.022% | $1.4M | $10.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,786.8 | −0.017% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,787.6 | +0.028% | $665 | $38K | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,785.7 | −0.078% | $439K | $2.3M | 10x | as long as short |
| tradeXYZ xyz:SNDK | +0.0029% | 1h | 1,786.8 | −0.017% | $114.5M | $145.7M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,788.1 | +0.055% | $1.7M | $16.1M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,787.6 | +0.030% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,787.3 | +0.008% | $467K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.720% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,786.2 | −0.051% | $313K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,786.9 | −0.011% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,787.1 | 0.000% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,786.7 | −0.023% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,786.7 | −0.022% | $187K | $128K | 10x | as long as short |
| SoDEX SNDK-USDshort | +0.0050% | 1h | 1,786.9 | −0.012% | $730K | $515K | 10x | |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,786.5 | −0.034% | $1.4M | $5.1M | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,787.3 | +0.009% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,786.6 | −0.029% | $1K | — | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0084% | 8h | 1,786.5 | −0.035% | $6.1M | $21.7M | 20x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,786.9 | −0.011% | $199K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,788.4 | +0.070% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,786.5 | −0.034% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0871% | 4h | 1,787.7 | +0.036% | $568K | $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
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Coinbase International SNDK-PERP-INTX
tradeXYZ xyz:SNDK
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
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Kraken Futures PF_SNDKUSD
Aevo SNDK-PERP
KuCoin SNDKUSDTM
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC