Funding you earn now, next payment 07:00 UTC+0.0581%/8h= +63.6% APRpaid last 24h +0.129%
Price spread now: edgeX against Phoenix−0.082%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs+$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days+1.171%+$117 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.082%, 7d avg −0.015%
=Together, before fees+1.430%+ Points / potential airdropedgeX: Active · farm board+$143 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.067% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.015%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$17 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,761.4 | 0 | get 0.0000% / 1h | 7m 28s | $274K | $193K | 15x |
| Short | edgeX SNDKUSDC | 1,760 | 0.0581 | get 0.0291% / 4h | 7m 28s | $559K | $350K | 10x |
Phoenix SNDK
edgeX SNDKUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. 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
- $122.04
- Price spread: −0.082% → −0.015%
- −$6.7
- Slippage, 4 orders
- −$25.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $73.98
- Costs to cover
- 0.414%
- Break-even
- 2.8 days
Slippage from Phoenix: live order book, 28 min ago; edgeX: live order book, 31 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 Phoenix live order book, 28 min ago | 2.84 bp | 11.0 bp −$11 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 31 min ago | 5.11 bp | 9.6 bp −$10 | 11.2 bp −$112 | 46.0 bp −$4,603 | 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 | −0.0250% | 8h | 1,761.3 | −0.007% | $50.0M | $166.6M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,761.5 | +0.006% | $3.9M | $4.6M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0004% | 8h | 1,760.5 | −0.052% | $6.0M | $22.5M | 20x | as long as short |
| Nado SNDK-PERP | −0.0003% | 1h | 1,761.5 | +0.008% | $330K | $1.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0001% | 1h | 1,760.7 | −0.041% | $1.4M | $9.9M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,761.8 | +0.025% | $21.5M | $32.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,761.1 | −0.016% | $279.7M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,761.5 | +0.007% | $31.8M | $103.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,761 | −0.023% | $82.3M | $833.0M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,762.2 | +0.048% | $120K | $1.6M | 20x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Nado SNDK-PERP
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,761.2 | −0.014% | $178.9M | $229.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,760 | −0.078% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,760.2 | −0.066% | $22K | $2.1M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,761.4 | long leg | $274K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,760.8 | −0.032% | $13K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,761.1 | −0.020% | $859 | $3.4M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,761.2 | −0.009% | $51K | $355K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,760.2 | −0.068% | $1.4M | $10.5M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,760.6 | −0.044% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0015% | 1h | 1,758.6 | −0.158% | — | $579K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0016% | 1h | 1,761.1 | −0.017% | $673 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,761.9 | +0.027% | $1.8M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,761.3 | −0.007% | $1.2M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,760.8 | −0.037% | $493K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.189% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,760 | −0.081% | $256K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,761.2 | −0.011% | $242K | $651K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,761 | −0.023% | $119.9M | $157.5M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,760.5 | −0.051% | $4.6M | $19.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,760.1 | −0.074% | $185K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,761 | −0.023% | $720K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,760.7 | −0.038% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,760.4 | −0.057% | $1.4M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,760.6 | −0.043% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,760.8 | −0.037% | $197K | $307K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,760.5 | −0.049% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,760.6 | −0.046% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,762.4 | +0.057% | $428K | $2.1M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0274% | 1h | 1,761.4 | −0.001% | $126K | $340K | 20x | as long as short |
| edgeX SNDKUSDCshort | +0.0581% | 4h | 1,760 | −0.082% | $559K | $350K | 10x |
Gate SNDK_USDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
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
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
Kraken Futures PF_SNDKUSD