Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.021%
Price spread now: Phoenix against tradeXYZ−0.136%81s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as 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−$440.444% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.136%, 7d avg +0.007%
=Together, before fees−0.014%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.143% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 81 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 | tradeXYZ xyz:SNDK | 1,763.4 | 0.0050 | pay 0.0006% / 1h | 24m 00s | $118.7M | $158.8M | 10x |
| Short | Phoenix SNDK | 1,761 | 0 | get 0.0000% / 1h | 24m 00s | $274K | $193K | 15x |
tradeXYZ xyz:SNDK
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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: −0.136% → +0.007%
- −$14.29
- Slippage, 4 orders
- −$19.42
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$69.2
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; Phoenix: live order book, 17 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 tradeXYZ live order book, 6 min ago | 0.28 bp | 9.3 bp −$9 | 10.0 bp −$100 | 13.5 bp −$1,346 | doesn't fit |
| Sell Phoenix live order book, 17 min ago | 3.98 bp | 12.7 bp −$13 | 27.4 bp −$274 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SNDKUSDT | −0.0361% | 8h | 1,763.9 | +0.028% | $47.9M | $166.5M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,762.7 | −0.039% | $3.9M | $4.6M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0009% | 8h | 1,762.7 | −0.040% | $6.0M | $22.2M | 20x | as long as short |
| QFEX SNDK-USD | −0.0008% | 1h | 1,762.5 | −0.049% | $1.4M | $10.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,763.4 | −0.003% | $21.5M | $32.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,763.7 | +0.016% | $280.3M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,764.2 | +0.045% | $31.8M | $103.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,763.8 | +0.023% | $82.6M | $837.0M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,763.3 | −0.007% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,763.8 | +0.020% | $177.1M | $231.1M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,761.5 | −0.105% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,760.2 | −0.181% | $10K | $2.0M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,761 | −0.136% | $274K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,763 | −0.023% | $14K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,762.9 | −0.027% | $802 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,763.4 | −0.003% | $51K | $351K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,762.7 | −0.041% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,764.1 | +0.039% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0013% | 1h | 1,760.9 | −0.144% | $655 | $37K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0015% | 1h | 1,760.5 | −0.164% | — | $581K | 10x | as long as short |
| Nado SNDK-PERP | +0.0018% | 1h | 1,763.4 | −0.001% | $328K | $1.5M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,764.5 | +0.060% | $1.8M | $16.2M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,763.7 | +0.017% | $1.3M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,764 | +0.036% | $491K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.073% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,760 | −0.191% | $253K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,763.2 | −0.011% | $242K | $668K | 20x | as long as short |
| tradeXYZ xyz:SNDKlong | +0.0050% | 1h | 1,763.4 | long leg | $118.7M | $158.8M | 10x | |
| Entropy io:SNDK | +0.0050% | 1h | 1,761.2 | −0.125% | $4.7M | $19.6M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,761.8 | −0.091% | $185K | $130K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762.5 | −0.053% | $721K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,762.8 | −0.032% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,763 | −0.023% | $1.4M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,762.8 | −0.034% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,762.5 | −0.051% | $198K | $304K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,760.4 | −0.170% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,762.5 | −0.050% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,761 | −0.138% | $431K | $2.3M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0400% | 1h | 1,763.8 | +0.023% | $127K | $346K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0891% | 4h | 1,760.1 | −0.189% | $559K | $351K | 10x | as long as short |
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
Vest SNDK-USD-PERP
Nado SNDK-PERP
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
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
edgeX SNDKUSDC