Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.043%
Price spread now: Phemex against BloFin−0.022%59s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as 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−$740.739% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.022%, 7d avg +0.006%
=Funding pays, the price is against you. Phemex is 0.029% cheaper against BloFin than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.171%, so the current rate has only just turned in your favour. The two prices were read 59 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 | BloFin SNDK-USDT | 1,790.8 | −0.0120 | get 0.0120% / 8h | 4h 09m | $4.0M | $4.4M | 75x |
| Short | Phemex SNDKUSDT | 1,790.4 | 0 | get 0.0000% / 8h | 4h 09m | $2.8M | $1.1M | 50x |
BloFin SNDK-USDT
Phemex SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- $25.2
- Price spread: −0.022% → +0.006%
- −$2.87
- Slippage, 4 orders
- −$49.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$51.58
- Costs to cover
- 0.739%
- Break-even
- 21.3 days
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 4 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 BloFin live order book, 4 min ago | 0.03 bp | 6.0 bp −$6 | 6.6 bp −$66 | 11.0 bp −$1,095 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.74 bp | 27.5 bp −$27 | 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-USDTlong | −0.0120% | 8h | 1,790.8 | long leg | $4.0M | $4.4M | 75x | |
| Phoenix SNDK | −0.0089% | 1h | 1,789.9 | −0.049% | $279K | $193K | 15x | as long as short |
| Nado SNDK-PERP | −0.0071% | 1h | 1,790.7 | −0.003% | $349K | $1.5M | 10x | as long as short |
| Entropy io:SNDK | −0.0051% | 1h | 1,790.1 | −0.038% | $4.9M | $20.0M | 10x | as long as short |
| QFEX SNDK-USD | −0.0033% | 1h | 1,790.3 | −0.028% | $1.4M | $13.1M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0032% | 1h | 1,791.2 | +0.021% | $437K | $2.3M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0018% | 8h | 1,789.9 | −0.049% | $6.1M | $22.3M | 20x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790.9 | +0.009% | $21.8M | $35.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,790.8 | 0.000% | $285.8M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,791.3 | +0.027% | $32.7M | $100.5M | 100x | as long as short |
Phoenix SNDK
Nado SNDK-PERP
Entropy io:SNDK
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
KuCoin SNDKUSDTM
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,790.9 | +0.007% | $84.1M | $827.2M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,791.4 | +0.033% | $171K | $1.7M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,790.9 | +0.004% | $180.4M | $231.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,790.6 | −0.009% | $44.0M | $161.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,790.2 | −0.033% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,789.6 | −0.065% | $13K | $1.4M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,790.4 | −0.021% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,789.3 | −0.083% | $832 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,790.7 | −0.007% | $51K | $345K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789.8 | −0.054% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDTshort | 0.0000% | 8h | 1,790.4 | −0.022% | $2.8M | $1.1M | 50x | |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,790.5 | −0.013% | $697 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,791.3 | +0.027% | $1.7M | $15.8M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,791.2 | +0.023% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790.5 | −0.016% | $453K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.513% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,788.9 | −0.105% | $278K | $1.4M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0044% | 1h | 1,791 | +0.010% | $130K | $352K | 20x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,790.3 | −0.029% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,790.5 | −0.016% | $247K | $648K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,790.4 | −0.023% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,790.9 | +0.007% | $118.1M | $148.6M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,790 | −0.044% | $188K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,790.4 | −0.022% | $732K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,790.1 | −0.038% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,790.1 | −0.038% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,790.7 | −0.004% | $199K | $287K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,789.7 | −0.063% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,790.2 | −0.033% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0346% | 4h | 1,789.1 | −0.096% | $568K | $353K | 10x | as long as short |
OKX SNDK-USDT-SWAP
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
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Kraken Futures PF_SNDKUSD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
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
edgeX SNDKUSDC