Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.041%
Price spread now: Phoenix against ApeX Omni−0.092%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.465% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.092%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.078% cheaper against ApeX Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni SNDKUSDT | 1,770.2 | 0.0100 | pay 0.0013% / 1h | 10m 52s | $68K | $271K | 50x |
| Short | Phoenix SNDK | 1,768.6 | 0 | get 0.0000% / 1h | 10m 52s | $275K | $189K | 15x |
ApeX Omni SNDKUSDT
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- −$21
- Price spread: −0.092% → −0.014%
- −$7.84
- Slippage, 4 orders
- −$29.51
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$75.35
- Costs to cover
- 0.465%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 39 min ago; Phoenix: live order book, 38 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 ApeX Omni live order book, 39 min ago | 5.70 bp | 10.8 bp −$11 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 38 min ago | 3.42 bp | 12.2 bp −$12 | 26.1 bp −$261 | doesn't fit | doesn't fit |
SNDK on 40 exchanges
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 | 1,771.6 | +0.079% | $4.0M | $4.7M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0077% | 1h | 1,771.1 | +0.049% | $36K | $389K | 10x | as long as short |
| Nado SNDK-PERP | −0.0011% | 1h | 1,771.6 | +0.075% | $335K | $1.5M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,772.2 | +0.112% | $21.6M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,771.4 | +0.067% | $282.8M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,771.9 | +0.092% | $31.4M | $106.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,770.8 | +0.032% | $82.6M | $833.4M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,772.4 | +0.121% | $137K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.2 | +0.055% | $182.0M | $219.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,770.8 | +0.032% | $49.8M | $168.5M | 75x | as long as short |
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Nado SNDK-PERP
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,767.1 | −0.175% | $2.7M | $4.7M | — | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,768.6 | −0.092% | $275K | $189K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,771.9 | +0.094% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,770.8 | +0.034% | $836 | $3.1M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771 | +0.044% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.5 | +0.072% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | 0.0000% | 1h | 1,770.9 | +0.035% | $1.4M | $9.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0015% | 1h | 1,767.2 | −0.171% | $676 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,772 | +0.099% | $1.2M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,771.5 | +0.071% | $396K | $2.3M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.679% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,770.6 | +0.021% | $271K | $1.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,772 | +0.098% | — | $570K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.8 | +0.089% | $246K | $682K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,771.7 | +0.083% | $120.9M | $155.3M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,768.8 | −0.081% | $4.6M | $19.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.8 | +0.089% | $187K | $130K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769.2 | −0.058% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,770.6 | +0.021% | — | — | 5x | as long as short |
| Lighter SNDK | +0.0056% | 1h | 1,772.6 | +0.134% | $1.8M | $16.8M | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.5 | +0.073% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,770.8 | +0.032% | $198K | $306K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,771.4 | +0.066% | $6.1M | $22.9M | 20x | as long as short |
| ApeX Omni SNDKUSDTlong | +0.0100% | 1h | 1,770.2 | long leg | $68K | $271K | 50x | |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.5 | +0.072% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0136% | 1h | 1,771.3 | +0.062% | $442K | $2.1M | 10x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0157% | 8h | 1,770.4 | +0.007% | $27K | $2.4M | 10x | as long as short |
| SoDEX SNDK-USD | +0.0198% | 1h | 1,771.4 | +0.068% | $727K | $523K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0550% | 1h | 1,771 | +0.043% | $160K | $382K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0789% | 4h | 1,767.1 | −0.176% | $561K | $340K | 10x | as long as short |
Variational Omni SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
Lighter SNDK
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
GRVT SNDK_USDT_Perp
SoDEX SNDK-USD
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC