Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.022%
Price spread now: tradeXYZ against Phoenix+0.101%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.101%, 7d avg −0.006%
=Together, before fees+0.078%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.108% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,774 | 0 | get 0.0000% / 1h | 36m 45s | $276K | $193K | 15x |
| Short | tradeXYZ xyz:SNDK | 1,775.8 | 0.0050 | get 0.0006% / 1h | 36m 45s | $117.2M | $151.2M | 10x |
Phoenix SNDK
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: +0.101% → −0.006%
- $10.77
- Slippage, 4 orders
- −$16.69
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$20.42
- Costs to cover
- 0.417%
- Break-even
- 20.6 days
Slippage from Phoenix: live order book, 14 min ago; tradeXYZ: live order book, 3 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, 14 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.28 bp | 9.4 bp −$9 | 10.2 bp −$102 | 13.7 bp −$1,370 | 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 | 1,774.8 | +0.042% | $4.0M | $4.4M | 75x | as long as short |
| Entropy io:SNDK | −0.0076% | 1h | 1,775.6 | +0.090% | $4.8M | $19.8M | 10x | as long as short |
| KuCoin SNDKUSDTM | −0.0043% | 8h | 1,775.5 | +0.085% | $6.1M | $22.1M | 20x | as long as short |
| Nado SNDK-PERP | −0.0041% | 1h | 1,773.2 | −0.046% | $345K | $1.5M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,773.5 | −0.031% | $1.4M | $12.2M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,775.7 | +0.093% | $432K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,775.8 | +0.099% | $21.7M | $32.6M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,775.4 | +0.079% | $281.9M | $1.81B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,776 | +0.114% | $32.1M | $101.7M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,775.1 | +0.062% | $82.6M | $825.5M | 75x | as long as short |
BloFin SNDK-USDT
Entropy io:SNDK
KuCoin SNDKUSDTM
Nado SNDK-PERP
QFEX SNDK-USD
Coinbase International SNDK-PERP-INTX
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx SNDK/USDC | 0.0000% | 1h | 1,775.8 | +0.102% | $169K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,774.9 | +0.053% | $178.3M | $229.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,775.1 | +0.062% | $43.9M | $162.3M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,777.2 | +0.179% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,773.4 | −0.033% | $14K | $1.5M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,774 | long leg | $276K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,774.2 | +0.010% | $14K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.5 | −0.142% | $599 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,774.8 | +0.046% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,773.6 | −0.024% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,775.2 | +0.066% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0006% | 1h | 1,777.4 | +0.193% | $661 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,776.2 | +0.122% | $1.7M | $15.7M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,775.8 | +0.100% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,775.7 | +0.096% | $435K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.463% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,774.5 | +0.030% | $264K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,771.6 | −0.137% | — | $580K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,774.2 | +0.011% | $244K | $651K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,775.6 | +0.090% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0050% | 1h | 1,775.8 | +0.101% | $117.2M | $151.2M | 10x | |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,773.6 | −0.023% | $186K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,773.5 | −0.029% | $725K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,774.1 | +0.006% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,774.1 | +0.004% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,775.6 | +0.088% | $197K | $288K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,773.7 | −0.016% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,773.3 | −0.038% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,774.7 | +0.038% | $129K | $352K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0484% | 4h | 1,774 | 0.000% | $563K | $352K | 10x | as long as short |
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
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
edgeX SNDKUSDC