Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.027%
Price spread now: SoDEX against Phoenix−0.097%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 4 days (all we have)+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.097%, 7d avg −0.029%
=Funding pays, the price is against you. SoDEX is 0.067% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.029%). If the spread goes back, that is −$7 on $10k: about 4.5 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.127% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,751.1 | 0 | get 0.0000% / 1h | 34m 55s | $273K | $193K | 15x |
| Short | SoDEX SNDK-USD | 1,749.4 | 0.0050 | get 0.0006% / 1h | 34m 55s | $715K | $521K | 10x |
Phoenix SNDK
SoDEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $10.5
- Price spread: −0.097% → −0.029%
- −$6.72
- Slippage, 4 orders
- −$22.63
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$33.85
- Costs to cover
- 0.376%
- Break-even
- 29.6 days
Slippage from Phoenix: live order book, 61 min ago; SoDEX: live order book, 64 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, 61 min ago | 2.84 bp | 11.0 bp −$11 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 64 min ago | 0.03 bp | 7.8 bp −$8 | 35.4 bp −$354 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT SNDK_USDT_Perp | −0.0845% | 8h | 1,750.4 | −0.040% | $21K | $2.2M | 10x | as long as short |
| HTX SNDK-USDT | −0.0412% | 8h | 1,749.8 | −0.073% | $1.4M | $10.5M | 50x | as long as short |
| Bitget SNDKUSDT | −0.0246% | 8h | 1,749.5 | −0.091% | $49.3M | $167.0M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,749.5 | −0.094% | $4.0M | $4.5M | 75x | as long as short |
| Nado SNDK-PERP | −0.0080% | 1h | 1,750 | −0.065% | $329K | $1.5M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0042% | 8h | 1,749.7 | −0.082% | $6.0M | $22.5M | 20x | as long as short |
| QFEX SNDK-USD | −0.0002% | 1h | 1,750 | −0.061% | $1.4M | $9.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,749.9 | −0.068% | $21.3M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,749.8 | −0.074% | $279.8M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,749.8 | −0.074% | $31.6M | $104.1M | 100x | as long as short |
GRVT SNDK_USDT_Perp
HTX SNDK-USDT
Bitget SNDKUSDT
BloFin SNDK-USDT
Nado SNDK-PERP
KuCoin SNDKUSDTM
QFEX SNDK-USD
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 | 1,749.2 | −0.109% | $82.0M | $821.5M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,750 | −0.062% | $136K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,749.1 | −0.113% | $178.4M | $218.2M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,748.8 | −0.130% | $2.5M | $4.8M | — | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,751.1 | long leg | $273K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,749.8 | −0.072% | $14K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,750.5 | −0.032% | $942 | $3.3M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,749.7 | −0.082% | $50K | $360K | 10x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,749.8 | −0.077% | $2.8M | $1.1M | 50x | as long as short |
| Vest SNDK-USD-PERP | +0.0006% | 1h | 1,747.5 | −0.204% | — | $577K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0011% | 1h | 1,752.2 | +0.061% | $727 | $38K | 5x | as long as short |
| Entropy io:SNDK | +0.0023% | 1h | 1,750.3 | −0.046% | $4.5M | $19.4M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,749.9 | −0.070% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,749.5 | −0.091% | $1.2M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,749.2 | −0.111% | $448K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.790% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,748.7 | −0.138% | $250K | $1.5M | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0047% | 8h | 1,748.8 | −0.132% | — | — | 5x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,750.1 | −0.057% | $241K | $630K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,749.3 | −0.103% | $118.5M | $158.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,749.4 | −0.097% | $184K | $127K | 10x | as long as short |
| SoDEX SNDK-USDshort | +0.0050% | 1h | 1,749.4 | −0.097% | $715K | $521K | 10x | |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,750.7 | −0.023% | $1.3M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,749.2 | −0.108% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,748.9 | −0.123% | $196K | $310K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,751.6 | +0.027% | $67K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,748.5 | −0.150% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,749.2 | −0.111% | $426K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0127% | 4h | 1,751.2 | +0.005% | $556K | $350K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0285% | 1h | 1,750 | −0.061% | $127K | $344K | 20x | as long as short |
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
Phemex SNDKUSDT
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Entropy io:SNDK
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Paradex SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD