Funding you earn now, next payment 03:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.036%
Price spread now: Pacifica against Phoenix+0.006%107s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.006%, 7d avg −0.017%
=Together, before fees+0.192%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.023% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,790 | −0.0089 | get 0.0011% / 1h | 13m 42s | $279K | $193K | 15x |
| Short | Pacifica SNDK | 1,790.1 | 0.0100 | get 0.0013% / 1h | 13m 42s | $199K | $287K | 10x |
Phoenix SNDK
Pacifica SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $39.77
- Price spread: +0.006% → −0.017%
- $2.3
- Slippage, 4 orders
- −$18.22
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $8.85
- Costs to cover
- 0.332%
- Break-even
- 5.4 days
Slippage from Phoenix: live order book, 42 min ago; Pacifica: live order book, 45 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, 42 min ago | 2.79 bp | 10.1 bp −$10 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 45 min ago | 0.28 bp | 5.8 bp −$6 | doesn't fit | 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 | 1,789.5 | −0.030% | $4.0M | $4.4M | 75x | as long as short |
| Phoenix SNDKlong | −0.0089% | 1h | 1,790 | long leg | $279K | $193K | 15x | |
| Nado SNDK-PERP | −0.0078% | 1h | 1,790.1 | +0.007% | $348K | $1.5M | 10x | as long as short |
| Entropy io:SNDK | −0.0062% | 1h | 1,789.7 | −0.017% | $4.9M | $20.0M | 10x | as long as short |
| QFEX SNDK-USD | −0.0033% | 1h | 1,789.8 | −0.012% | $1.4M | $13.2M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0032% | 1h | 1,790.5 | +0.028% | $438K | $2.3M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0015% | 8h | 1,789.1 | −0.053% | $6.1M | $22.3M | 20x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790 | −0.002% | $21.8M | $36.2M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,789.9 | −0.003% | $285.8M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,790.4 | +0.020% | $32.7M | $100.5M | 100x | as long as short |
BloFin SNDK-USDT
Nado SNDK-PERP
Entropy io:SNDK
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
KuCoin SNDKUSDTM
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,790 | 0.000% | $84.1M | $826.7M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,791 | +0.056% | $171K | $1.7M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,789.9 | −0.007% | $180.3M | $231.0M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,789.7 | −0.016% | $43.9M | $161.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,789.7 | −0.018% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,789.9 | −0.004% | $13K | $1.4M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,789.5 | −0.026% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,788.2 | −0.102% | $642 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,789.7 | −0.018% | $51K | $345K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,789.2 | −0.047% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,789.6 | −0.025% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,790.3 | +0.017% | $666 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,791 | +0.056% | $1.7M | $15.8M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,790.7 | +0.041% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790 | 0.000% | $459K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.556% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,788.5 | −0.084% | $278K | $1.4M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0044% | 1h | 1,790 | −0.002% | $130K | $352K | 20x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,789.3 | −0.042% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,789.8 | −0.011% | $247K | $647K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,789.9 | −0.008% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,790.3 | +0.017% | $118.0M | $148.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,789.2 | −0.045% | $188K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,789.5 | −0.027% | $732K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,789.9 | −0.006% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,789.2 | −0.045% | $1K | — | 10x | as long as short |
| Pacifica SNDKshort | +0.0100% | 1h | 1,790.1 | +0.006% | $199K | $287K | 10x | |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,790.1 | +0.003% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,788.9 | −0.059% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0346% | 4h | 1,789.1 | −0.053% | $568K | $353K | 10x | as long as short |
OKX SNDK-USDT-SWAP
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
Kraken Futures PF_SNDKUSD
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
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC