Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%
Price spread now: Phoenix against Popdex−0.073%54s7-day average +0.005% · 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−$330.327% of the position
Funding, last 4 days (all we have)−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)−0.283%−$28 · spread now −0.073%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.077% cheaper against Popdex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 54 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 | Popdex SNDKUSDT | 1,785.8 | 0.0048 | pay 0.0006% / 1h | 55m 51s | $246K | $644K | 20x |
| Short | Phoenix SNDK | 1,784.5 | −0.0045 | pay 0.0006% / 1h | 55m 51s | $278K | $193K | 15x |
Popdex SNDKUSDT
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Popdex. 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
- −$19.47
- Price spread: −0.073% → +0.005%
- −$7.74
- Slippage, 4 orders
- −$19.3
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$59.91
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 8 min ago; Phoenix: live order book, 5 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 Popdex live order book, 8 min ago | 0.56 bp | 3.8 bp −$4 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 3.93 bp | 12.6 bp −$13 | 27.5 bp −$275 | 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 SNDKshort | −0.0045% | 1h | 1,784.5 | −0.073% | $278K | $193K | 15x | |
| QFEX SNDK-USD | −0.0023% | 1h | 1,785.7 | −0.006% | $1.6M | $15.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785.7 | −0.003% | $21.8M | $37.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,785.4 | −0.022% | $285.7M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,786 | +0.009% | $32.1M | $99.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,785.7 | −0.006% | $85.4M | $821.9M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,786.9 | +0.063% | $170K | $1.8M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,785.5 | −0.018% | $180.1M | $230.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,785.1 | −0.037% | $43.8M | $163.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,784.7 | −0.061% | $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 | −0.100% | $19K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,785.3 | −0.028% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,785.1 | −0.038% | $918 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,785.9 | +0.003% | $51K | $332K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,785.1 | −0.038% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,785.1 | −0.038% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0003% | 1h | 1,785.1 | −0.037% | $664 | $37K | 5x | as long as short |
| Entropy io:SNDK | +0.0017% | 1h | 1,785 | −0.045% | $4.9M | $20.5M | 10x | as long as short |
| Nado SNDK-PERP | +0.0018% | 1h | 1,786.4 | +0.036% | $359K | $1.4M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,782.5 | −0.188% | $435K | $2.3M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,786.7 | +0.050% | $1.7M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,786 | +0.010% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,785.4 | −0.021% | $477K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.793% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.6 | −0.125% | $311K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,784.5 | −0.071% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDTlong | +0.0048% | 1h | 1,785.8 | long leg | $246K | $644K | 20x | |
| Paradex SNDK-USD-PERP | +0.0048% | 8h | 1,785.8 | −0.001% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,785.5 | −0.017% | $114.5M | $146.0M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,785.4 | −0.022% | $187K | $134K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,785.1 | −0.040% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,785.6 | −0.011% | $1.4M | $5.0M | 5x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0058% | 1h | 1,786.1 | +0.017% | $130K | $352K | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,785 | −0.042% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,785.8 | +0.002% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,784.9 | −0.050% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,784.5 | −0.072% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,785 | −0.047% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0591% | 4h | 1,784.5 | −0.072% | $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
Entropy io:SNDK
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
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