Funding you earn now, next payment 23:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.080%
Price spread now: Phoenix against RISEx−0.085%7-day average −0.017% · 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−$34as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)−0.118%−$12 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.085%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.067% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx SNDK/USDC | 1,780.2 | 0.0018 | pay 0.0002% / 1h | 45m 25s | $175K | $1.8M | 20x |
| Short | Phoenix SNDK | 1,778.7 | 0 | get 0.0000% / 1h | 45m 25s | $277K | $195K | 15x |
RISEx SNDK/USDC
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against RISEx. 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
- −$3.73
- Price spread: −0.085% → −0.017%
- −$6.71
- Slippage, 4 orders
- −$14.42
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$37.87
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 3 min ago; Phoenix: live order book, 30 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 RISEx live order book, 3 min ago | 0.73 bp | 3.7 bp −$4 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 30 min ago | 2.82 bp | 10.0 bp −$10 | 20.5 bp −$205 | 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 | 1,779.3 | −0.052% | $4.1M | $4.5M | 75x | as long as short |
| Entropy io:SNDK | −0.0037% | 1h | 1,778.1 | −0.118% | $4.5M | $20.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,779 | −0.068% | $2.2M | $21.8M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,779.5 | −0.037% | $22.0M | $46.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,778.8 | −0.077% | $284.5M | $1.88B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,779 | −0.065% | $31.9M | $105.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,779.1 | −0.062% | $87.4M | $845.0M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,779.2 | −0.058% | $184.3M | $239.3M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,779.1 | −0.060% | $49.7M | $170.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.9 | −0.132% | $2.6M | $4.7M | — | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,779.2 | −0.055% | $15K | $1.0M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,778.7 | −0.085% | $277K | $195K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,779.1 | −0.062% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,779.2 | −0.054% | $984 | $3.9M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,778.9 | −0.074% | $1.5M | $11.1M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,779.5 | −0.040% | $2.8M | $1.0M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,778.6 | −0.088% | $703 | $37K | 5x | as long as short |
| RISEx SNDK/USDClong | +0.0018% | 1h | 1,780.2 | long leg | $175K | $1.8M | 20x | |
| Lighter RH SNDK | +0.0032% | 1h | 1,779.4 | −0.043% | $1.3M | $9.9M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,778.6 | −0.090% | $410K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.110% | $36 | $15K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,778.9 | −0.074% | $285K | $1.7M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,778.8 | −0.078% | — | $670K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0048% | 4h | 1,778.5 | −0.094% | $565K | $355K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,779.1 | −0.062% | $245K | $670K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,778.9 | −0.073% | $113.3M | $151.8M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,778.9 | −0.073% | $197K | $89K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,779.4 | −0.043% | $727K | $538K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,779.2 | −0.055% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,779.1 | −0.062% | $1.4M | $4.9M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,779.1 | −0.061% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0096% | 1h | 1,779.4 | −0.045% | $442K | $2.4M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,779 | −0.068% | $212K | $283K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,778.5 | −0.094% | $6.0M | $22.2M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,779.6 | −0.033% | $68K | $268K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,778.4 | −0.100% | $8K | $2K | 20x | as long as short |
| Lighter SNDK | +0.0184% | 1h | 1,780.2 | 0.000% | $1.6M | $16.2M | 20x | as long as short |
| Nado SNDK-PERP | +0.0200% | 1h | 1,778.9 | −0.072% | $387K | $1.4M | 10x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | +0.0323% | 1h | 1,779.8 | −0.022% | $50K | $276K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0455% | 1h | 1,780.2 | 0.000% | $130K | $407K | 20x | as long as short |
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
edgeX SNDKUSDC
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Coinbase International SNDK-PERP-INTX
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Lighter SNDK
Nado SNDK-PERP
Deribit SNDK_USDC-PERPETUAL
Kraken Futures PF_SNDKUSD