Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.036%
Price spread now: Phoenix against Pacifica+0.111%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.111%, 7d avg +0.018%
=Together, before fees−0.269%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.093% dearer against Pacifica than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.018%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.089% in total) that is about 7.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SNDK | 1,761.8 | 0.0100 | pay 0.0013% / 1h | 15m 14s | $197K | $304K | 10x |
| Short | Phoenix SNDK | 1,763.8 | 0 | get 0.0000% / 1h | 15m 14s | $275K | $193K | 15x |
Pacifica SNDK
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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: +0.111% → +0.018%
- $9.32
- Slippage, 4 orders
- −$23.87
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$50.55
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 28 min ago; Phoenix: live order book, 25 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 Pacifica live order book, 28 min ago | 0.57 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 25 min ago | 3.98 bp | 12.7 bp −$13 | 27.4 bp −$274 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0308% | 8h | 1,762.1 | +0.013% | $48.3M | $166.8M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,762.2 | +0.022% | $3.9M | $4.6M | 75x | as long as short |
| QFEX SNDK-USD | −0.0008% | 1h | 1,760.9 | −0.055% | $1.4M | $10.2M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0002% | 8h | 1,762 | +0.010% | $6.0M | $22.2M | 20x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,762.2 | +0.022% | $21.5M | $32.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,762.1 | +0.015% | $279.8M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,762.2 | +0.021% | $31.7M | $103.4M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,762 | +0.009% | $82.3M | $836.7M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,762.6 | +0.045% | $120K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,761.5 | −0.018% | $177.3M | $231.5M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
QFEX SNDK-USD
KuCoin SNDKUSDTM
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,761.9 | +0.005% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,763.7 | +0.103% | $11K | $2.0M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,763.8 | +0.111% | $275K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,762 | +0.009% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,762.2 | +0.023% | $885 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,761.8 | 0.000% | $51K | $351K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,761.2 | −0.034% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,762.1 | +0.016% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,762.6 | +0.045% | $656 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0017% | 1h | 1,759.5 | −0.133% | — | $579K | 10x | as long as short |
| Nado SNDK-PERP | +0.0026% | 1h | 1,761.9 | +0.005% | $326K | $1.5M | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,762.1 | +0.012% | $1.2M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,761.5 | −0.020% | $491K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.164% | $36 | $9K | 12x | as long as short |
| Lighter SNDK | +0.0040% | 1h | 1,762.9 | +0.059% | $1.8M | $16.3M | 20x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,762 | +0.010% | $256K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,761.6 | −0.013% | $242K | $668K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,761.3 | −0.030% | $118.7M | $159.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,762.4 | +0.032% | $4.7M | $19.7M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,760.7 | −0.065% | $185K | $130K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762 | +0.006% | $720K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,761.3 | −0.028% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,761.5 | −0.019% | $1.4M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,761.3 | −0.030% | $1K | — | 10x | as long as short |
| Pacifica SNDKlong | +0.0100% | 1h | 1,761.8 | long leg | $197K | $304K | 10x | |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,763.4 | +0.091% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,761 | −0.046% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,761 | −0.049% | $431K | $2.3M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0186% | 4h | 1,763.5 | +0.096% | $560K | $353K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0401% | 1h | 1,761.9 | +0.006% | $127K | $345K | 20x | as long as short |
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
Vest SNDK-USD-PERP
Nado SNDK-PERP
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Lighter SNDK
Arcus SNDK-USD
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD