Funding you earn now, next payment 04:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.018%
Price spread now: Phoenix against KuCoin+0.255%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.255%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.221% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SNDKUSDTM | 1,773.7 | −0.0046 | get 0.0046% / 8h | 3h 39m | $6.1M | $22.1M | 20x |
| Short | Phoenix SNDK | 1,778.2 | 0 | get 0.0000% / 1h | 39m 08s | $277K | $193K | 15x |
KuCoin SNDKUSDTM
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $9.66
- Price spread: +0.255% → +0.035%
- $22.09
- Slippage, 4 orders
- −$28.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$15.36
- Costs to cover
- 0.471%
- Break-even
- 18.1 days
Slippage from KuCoin: live order book, 5 min ago; Phoenix: live order book, 12 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 KuCoin live order book, 5 min ago | 0.81 bp | 12.9 bp −$13 | 56.6 bp −$566 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | 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 | 1,773.6 | −0.007% | $4.0M | $4.4M | 75x | as long as short |
| Entropy io:SNDK | −0.0107% | 1h | 1,776.8 | +0.176% | $4.8M | $19.8M | 10x | as long as short |
| Nado SNDK-PERP | −0.0046% | 1h | 1,775.5 | +0.103% | $345K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTMlong | −0.0046% | 8h | 1,773.7 | long leg | $6.1M | $22.1M | 20x | |
| QFEX SNDK-USD | −0.0019% | 1h | 1,773.9 | +0.011% | $1.4M | $12.2M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,775.7 | +0.112% | $432K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,774.8 | +0.063% | $21.7M | $32.8M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,773.7 | −0.001% | $282.6M | $1.81B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,773.8 | +0.010% | $32.1M | $101.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,773.6 | −0.004% | $82.6M | $824.2M | 75x | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
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 | 1,775.3 | +0.093% | $169K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,773.4 | −0.014% | $178.3M | $229.5M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,773.2 | −0.028% | $43.5M | $162.3M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.2 | +0.198% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,777.2 | +0.197% | $14K | $1.5M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,778.2 | +0.255% | $277K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,772.9 | −0.043% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.3 | −0.134% | $964 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,773 | −0.040% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,772.7 | −0.053% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,773.9 | +0.013% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0006% | 1h | 1,779.5 | +0.329% | $662 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,773.9 | +0.011% | $1.7M | $15.6M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,773.5 | −0.011% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,773.1 | −0.031% | $435K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.482% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,777.3 | +0.204% | $265K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,772.8 | −0.047% | — | $580K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,774.6 | +0.052% | $244K | $651K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,774.2 | +0.028% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,773.3 | −0.021% | $117.0M | $151.1M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,773.6 | −0.004% | $186K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,773 | −0.041% | $725K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,774.8 | +0.064% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,772.7 | −0.054% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,774.4 | +0.039% | $197K | $288K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,780.5 | +0.387% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,772 | −0.096% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,773.4 | −0.014% | $129K | $352K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0813% | 4h | 1,778.6 | +0.277% | $565K | $351K | 10x | as long as short |
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
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
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
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC