Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.004%
Price spread now: Phemex against tradeXYZ−0.072%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$650.654% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.072%, 7d avg +0.006%
=Together, before fees−0.036%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.079% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SNDK | 1,770 | 0.0050 | pay 0.0006% / 1h | 45m 47s | $117.8M | $154.1M | 10x |
| Short | Phemex SNDKUSDT | 1,768.7 | 0 | get 0.0000% / 8h | 2h 45m | $2.8M | $1.1M | 50x |
tradeXYZ xyz:SNDK
Phemex SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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: −0.072% → +0.006%
- −$7.88
- Slippage, 4 orders
- −$35.4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$83.78
- Costs to cover
- 0.654%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago | 0.56 bp | 9.6 bp −$10 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.39 bp | 28.6 bp −$29 | doesn't fit | 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 | 1,768.8 | −0.070% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0043% | 8h | 1,769.2 | −0.045% | $6.1M | $22.1M | 20x | as long as short |
| Bitget SNDKUSDT | −0.0019% | 8h | 1,769.5 | −0.031% | $44.6M | $162.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0019% | 1h | 1,770 | 0.000% | $336K | $1.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,769.5 | −0.027% | $1.4M | $11.2M | 10x | as long as short |
| Entropy io:SNDK | −0.0003% | 1h | 1,769.2 | −0.045% | $4.7M | $19.8M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,770.2 | +0.013% | $21.6M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,770.2 | +0.013% | $280.1M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,770.4 | +0.024% | $31.7M | $103.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,770.2 | +0.011% | $82.7M | $830.1M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Bitget SNDKUSDT
Nado SNDK-PERP
QFEX SNDK-USD
Entropy io:SNDK
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 | 1,770.7 | +0.039% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,769.3 | −0.038% | $177.5M | $228.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,768.7 | −0.071% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,772.5 | +0.142% | $22K | $1.7M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,770.1 | +0.006% | $276K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.8 | −0.068% | $14K | $285K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,768.8 | −0.066% | $677 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,768.5 | −0.085% | $51K | $347K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,768.3 | −0.099% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDTshort | 0.0000% | 8h | 1,768.7 | −0.072% | $2.8M | $1.1M | 50x | |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,770.1 | +0.003% | $686 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0014% | 1h | 1,767 | −0.172% | — | $586K | 10x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,769.8 | −0.011% | $197K | $304K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,770.1 | +0.004% | $1.3M | $9.3M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,768.7 | −0.072% | $423K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.693% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,768.9 | −0.062% | $263K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,768.8 | −0.068% | $243K | $653K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,769.3 | −0.038% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDKlong | +0.0050% | 1h | 1,770 | long leg | $117.8M | $154.1M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,767.8 | −0.124% | $185K | $132K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,768.4 | −0.090% | $1.4M | $5.1M | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,773.7 | +0.211% | $435K | $2.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,768.5 | −0.086% | $1K | — | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.7 | +0.150% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,768.1 | −0.110% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0121% | 1h | 1,769.4 | −0.033% | $128K | $355K | 20x | as long as short |
| Lighter SNDK | +0.0128% | 1h | 1,770.8 | +0.046% | $1.8M | $15.8M | 20x | as long as short |
| SoDEX SNDK-USD | +0.0147% | 1h | 1,768.9 | −0.063% | $723K | $513K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0156% | 4h | 1,771.9 | +0.107% | $563K | $353K | 10x | as long as short |
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Pacifica SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Coinbase International SNDK-PERP-INTX
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
Lighter SNDK
SoDEX SNDK-USD
edgeX SNDKUSDC