Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Nado against Phoenix+0.104%57s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.392% of the position
Funding, last 3 days (all we have)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.104%, 7d avg +0.018%
=Together, before fees−0.053%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.086% dearer against Phoenix than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 57 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 | Phoenix SNDK | 1,783.2 | −0.0045 | get 0.0006% / 1h | 34m 19s | $278K | $193K | 15x |
| Short | Nado SNDK-PERP | 1,785.1 | 0.0000 | pay 0.0000% / 1h | 34m 19s | $360K | $1.4M | 10x |
Phoenix SNDK
Nado SNDK-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $9.37
- Price spread: +0.104% → +0.018%
- $8.64
- Slippage, 4 orders
- −$25.22
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$21.22
- Costs to cover
- 0.392%
- Break-even
- 22.9 days
Slippage from Phoenix: live order book, 31 min ago; Nado: live order book, 4 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, 31 min ago | 3.91 bp | 12.5 bp −$13 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.56 bp | 7.0 bp −$7 | 21.7 bp −$217 | 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 | 1,788 | +0.270% | $4.1M | $4.5M | 75x | as long as short |
| Entropy io:SNDK | −0.0057% | 1h | 1,784.4 | +0.067% | $4.9M | $20.4M | 10x | as long as short |
| Phoenix SNDKlong | −0.0045% | 1h | 1,783.2 | long leg | $278K | $193K | 15x | |
| QFEX SNDK-USD | −0.0024% | 1h | 1,783.8 | +0.034% | $1.8M | $17.1M | 10x | as long as short |
| Nado SNDK-PERPshort | 0.0000% | 1h | 1,785.1 | +0.104% | $360K | $1.4M | 10x | |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785 | +0.099% | $21.7M | $39.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,784.4 | +0.066% | $286.2M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,785 | +0.099% | $32.0M | $100.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,784.4 | +0.067% | $85.6M | $830.5M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,784.3 | +0.059% | $180.6M | $231.7M | 75x | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | 0.0000% | 8h | 1,784.1 | +0.048% | $44.0M | $166.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,783.8 | +0.034% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,783.2 | −0.002% | $15K | $1.1M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,784.2 | +0.056% | $15K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,783.9 | +0.040% | $772 | $3.7M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,784.6 | +0.076% | $51K | $329K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,784.6 | +0.079% | $1.4M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,784.5 | +0.075% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0005% | 1h | 1,785.1 | +0.108% | $670 | $37K | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0011% | 1h | 1,784.2 | +0.056% | $114.3M | $146.6M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,785.3 | +0.119% | $1.7M | $16.2M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,785.1 | +0.104% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,784.6 | +0.077% | $470K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.940% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,783.7 | +0.030% | $312K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,783.5 | +0.018% | — | $584K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,785.1 | +0.107% | $245K | $646K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0049% | 4h | 1,783.4 | +0.013% | $566K | $352K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0049% | 8h | 1,784.4 | +0.069% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,784 | +0.045% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,784.2 | +0.053% | $729K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,783.9 | +0.039% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,783.9 | +0.038% | $1K | — | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0088% | 1h | 1,783.4 | +0.013% | $437K | $2.3M | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,784.5 | +0.071% | $198K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,784.4 | +0.068% | $6.1M | $21.5M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,783 | −0.009% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,783.1 | −0.005% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0132% | 1h | 1,784.8 | +0.091% | $130K | $357K | 20x | as long as short |
| RISEx SNDK/USDC | +0.0257% | 1h | 1,785.1 | +0.105% | $171K | $1.8M | 20x | as long as short |
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
tradeXYZ xyz:SNDK
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
edgeX SNDKUSDC
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Coinbase International SNDK-PERP-INTX
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
RISEx SNDK/USDC