Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%
Price spread now: tradeXYZ against Pacifica−0.029%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.029%, 7d avg +0.010%
=Together, before fees−0.020%+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.039% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica SNDK | 1,789.6 | 0.0100 | pay 0.0013% / 1h | 59m 50s | $199K | $292K | 10x |
| Short | tradeXYZ xyz:SNDK | 1,789.1 | 0.0050 | get 0.0006% / 1h | 59m 50s | $114.9M | $146.5M | 10x |
Pacifica SNDK
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: −0.029% → +0.010%
- −$3.88
- Slippage, 4 orders
- −$5.12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$45.49
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 8 min ago; tradeXYZ: live order book, 10 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, 8 min ago | 0.28 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.28 bp | 9.6 bp −$10 | 10.4 bp −$104 | 14.2 bp −$1,421 | 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 | 1,789.1 | −0.027% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790.4 | +0.043% | $21.8M | $42.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,789.8 | +0.008% | $287.2M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,789.7 | +0.004% | $32.1M | $99.9M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,789.4 | −0.012% | $86.7M | $832.3M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,789.4 | −0.014% | $182.2M | $236.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,789.2 | −0.026% | $47.9M | $164.2M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,789.2 | −0.022% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,791.4 | +0.097% | $21K | $1.1M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,790.9 | +0.071% | $279K | $195K | 15x | as long as short |
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet SNDK-USD | 0.0000% | 1h | 1,789.3 | −0.016% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,787.9 | −0.098% | $774 | $3.7M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,789.2 | −0.021% | $51K | $328K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789.3 | −0.019% | $1.5M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,789 | −0.036% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,789.2 | −0.024% | $1.9M | $18.5M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,790.2 | +0.031% | $171K | $1.8M | 20x | as long as short |
| Nado SNDK-PERP | +0.0004% | 1h | 1,790.6 | +0.057% | $348K | $1.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0006% | 1h | 1,790.4 | +0.045% | $714 | $37K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,790.1 | +0.028% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,789.9 | +0.018% | $1.4M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790.1 | +0.028% | $455K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.578% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,789.2 | −0.021% | $306K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,789.4 | −0.012% | — | $585K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,789.3 | −0.018% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,790 | +0.022% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0050% | 1h | 1,789.1 | −0.029% | $114.9M | $146.5M | 10x | |
| Entropy io:SNDK | +0.0050% | 1h | 1,789.3 | −0.018% | $4.8M | $20.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,789.2 | −0.024% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,788.9 | −0.040% | $731K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,788.7 | −0.052% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,788.7 | −0.051% | $1K | — | 10x | as long as short |
| Pacifica SNDKlong | +0.0100% | 1h | 1,789.6 | long leg | $199K | $292K | 10x | |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,789.1 | −0.027% | $6.1M | $21.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,789.1 | −0.030% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,788.4 | −0.071% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,792.4 | +0.154% | $442K | $2.3M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0164% | 4h | 1,789.4 | −0.012% | $568K | $354K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0660% | 1h | 1,789.6 | +0.001% | $130K | $366K | 20x | as long as short |
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
RISEx SNDK/USDC
Nado SNDK-PERP
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
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD