Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.022%
Price spread now: tradeXYZ against Phoenix−0.062%101s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as 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−$430.431% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.062%, 7d avg −0.006%
=Together, before fees+0.242%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.056% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 3.7 days of funding at the current rate (+$2 a day). The two prices were read 101 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 | 1,773.2 | 0 | get 0.0000% / 1h | 13m 36s | $276K | $193K | 15x |
| Short | tradeXYZ xyz:SNDK | 1,772.1 | 0.0050 | get 0.0006% / 1h | 13m 36s | $117.3M | $152.5M | 10x |
Phoenix SNDK
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.062% → −0.006%
- −$5.58
- Slippage, 4 orders
- −$18.09
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$38.17
- Costs to cover
- 0.431%
- Break-even
- 32.4 days
Slippage from Phoenix: live order book, 37 min ago; tradeXYZ: live order book, 6 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, 37 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.85 bp | 10.2 bp −$10 | 10.8 bp −$108 | 14.5 bp −$1,452 | 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 | 1,772.2 | −0.054% | $4.0M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0046% | 8h | 1,771.8 | −0.078% | $6.1M | $22.1M | 20x | as long as short |
| Entropy io:SNDK | −0.0028% | 1h | 1,772 | −0.068% | $4.8M | $19.9M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,771.6 | −0.092% | $1.4M | $11.9M | 10x | as long as short |
| Nado SNDK-PERP | −0.0013% | 1h | 1,772 | −0.068% | $342K | $1.5M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,774.1 | +0.049% | $434K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,773 | −0.011% | $21.6M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,772.4 | −0.044% | $280.9M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,772.6 | −0.036% | $31.9M | $102.1M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,772.4 | −0.045% | $82.2M | $827.1M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Entropy io:SNDK
QFEX SNDK-USD
Nado SNDK-PERP
Coinbase International SNDK-PERP-INTX
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 | 1,773.2 | +0.001% | $122K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,772.3 | −0.051% | $177.3M | $231.2M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,772.3 | −0.048% | $44.3M | $162.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,773.5 | +0.018% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,773 | −0.010% | $17K | $1.6M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,773.2 | long leg | $276K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,772.2 | −0.055% | $13K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.8 | −0.080% | $1K | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,771.9 | −0.076% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.5 | −0.094% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.9 | −0.074% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0011% | 1h | 1,772.8 | −0.020% | $705 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,773.3 | +0.008% | $1.7M | $15.9M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,772.4 | −0.045% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,772.1 | −0.061% | $426K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.509% | $36 | $9K | 12x | as long as short |
| Vest SNDK-USD-PERP | +0.0038% | 1h | 1,769.4 | −0.213% | — | $582K | 10x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771.5 | −0.094% | $264K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,772.5 | −0.039% | $244K | $653K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,772 | −0.069% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0050% | 1h | 1,772.1 | −0.062% | $117.3M | $152.5M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,772.2 | −0.056% | $185K | $132K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,772 | −0.070% | $724K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,771.5 | −0.096% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.8 | −0.080% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,772.4 | −0.047% | $197K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.9 | −0.017% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.7 | −0.083% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,772.4 | −0.047% | $128K | $353K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0449% | 4h | 1,771.1 | −0.117% | $562K | $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
Vest SNDK-USD-PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
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