Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.009%
Price spread now: Phemex against Injective−0.627%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.627% cheaper against Injective than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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 | Injective SNDK/USDC PERP | 1,800 | 0.0033 | pay 0.0004% / 1h | 23m 35s | $36 | $9K | 12x |
| Short | Phemex SNDKUSDT | 1,788.7 | 0 | get 0.0000% / 8h | 7h 23m | $2.8M | $1.1M | 50x |
Injective SNDK/USDC PERP
Phemex SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$7
- Price spread: −0.627% → 0.000%
- −$62.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$81.69
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 2.76 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SNDK_USDC-PERPETUAL | −0.0175% | 1h | 1,789.4 | −0.586% | $50K | $314K | 10x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,791.3 | −0.480% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790.3 | −0.539% | $21.8M | $43.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,789.7 | −0.570% | $286.2M | $1.84B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,789.8 | −0.563% | $32.0M | $100.2M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,790 | −0.553% | $86.7M | $834.3M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,789.7 | −0.571% | $182.3M | $235.2M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,789.7 | −0.568% | $48.0M | $169.0M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,792.4 | −0.422% | $2.6M | $4.6M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,793.3 | −0.373% | $22K | $1.1M | 10x | as long as short |
Deribit SNDK_USDC-PERPETUAL
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_PerpShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,787.7 | −0.681% | $278K | $195K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,789.6 | −0.576% | $14K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,788.1 | −0.662% | $862 | $3.8M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789 | −0.609% | $1.5M | $10.9M | 50x | as long as short |
| Phemex SNDKUSDTshort | 0.0000% | 8h | 1,788.7 | −0.627% | $2.8M | $1.1M | 50x | |
| QFEX SNDK-USD | +0.0001% | 1h | 1,789.6 | −0.578% | $2.0M | $19.7M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,790.9 | −0.502% | $171K | $1.8M | 20x | as long as short |
| Nado SNDK-PERP | +0.0006% | 1h | 1,790.4 | −0.534% | $347K | $1.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0008% | 1h | 1,790 | −0.556% | $684 | $37K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,790.9 | −0.505% | $1.7M | $16.3M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,790.2 | −0.540% | $1.4M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790.4 | −0.529% | $444K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERPlong | +0.0033% | 1h | 1,800 | long leg | $36 | $9K | 12x | |
| Arcus SNDK-USD | +0.0040% | 1h | 1,789.7 | −0.573% | $305K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,790.4 | −0.534% | — | $585K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,789.7 | −0.570% | $246K | $648K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,789.7 | −0.572% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,789.8 | −0.564% | $115.0M | $147.2M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,789.4 | −0.587% | $4.8M | $20.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,789.5 | −0.581% | $187K | $135K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,788.8 | −0.620% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,788.8 | −0.620% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,789.6 | −0.575% | $199K | $291K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,789.1 | −0.602% | $6.1M | $22.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,793.8 | −0.340% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,789.1 | −0.604% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,790 | −0.553% | $441K | $2.3M | 10x | as long as short |
| SoDEX SNDK-USD | +0.0222% | 1h | 1,788.9 | −0.613% | $731K | $515K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0285% | 4h | 1,791.6 | −0.463% | $569K | $353K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0660% | 1h | 1,789.5 | −0.583% | $130K | $379K | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
QFEX SNDK-USD
RISEx SNDK/USDC
Nado SNDK-PERP
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
SoDEX SNDK-USD
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD