Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Phoenix against Bullet+0.062%7-day average +0.015% · 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−$32as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 4 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.062%, 7d avg +0.015%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phoenix is 0.048% dearer against Bullet than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet SNDK-USD | 1,772 | 0 | get 0.0000% / 1h | 45m 28s | $15K | $288K | 10x |
| Short | Phoenix SNDK | 1,773.1 | 0 | get 0.0000% / 1h | 45m 28s | $276K | $188K | 15x |
Bullet SNDK-USD
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bullet. 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
- $0
- Price spread: +0.062% → +0.015%
- $4.75
- Slippage, 4 orders
- −$21.89
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$32.14
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 2 min ago; Phoenix: live order book, 63 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 Bullet live order book, 2 min ago | 0.56 bp | 6.1 bp −$6 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 3.42 bp | 12.2 bp −$12 | 26.1 bp −$261 | doesn't fit | doesn't fit |
SNDK on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SNDKUSD | −0.0258% | 1h | 1,770.7 | −0.072% | $168K | $385K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,774 | +0.113% | $4.0M | $4.7M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | −0.0055% | 1h | 1,770.9 | −0.062% | $19K | $430K | 10x | as long as short |
| QFEX SNDK-USD | −0.0001% | 1h | 1,771.5 | −0.028% | $1.4M | $9.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,772.9 | +0.052% | $21.6M | $32.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,771.7 | −0.016% | $282.8M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,772.1 | +0.003% | $31.9M | $107.1M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,771.8 | −0.011% | $82.2M | $842.0M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.9 | −0.006% | $182.7M | $218.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,772.1 | +0.004% | $48.1M | $172.3M | 75x | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,771.1 | −0.048% | $2.7M | $4.7M | — | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,773.1 | +0.062% | $276K | $188K | 15x | |
| Bullet SNDK-USDlong | 0.0000% | 1h | 1,772 | long leg | $15K | $288K | 10x | |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.8 | −0.012% | $859 | $3.1M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.6 | −0.021% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.6 | −0.024% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0019% | 1h | 1,773.3 | +0.071% | $678 | $38K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,772.4 | +0.022% | $1.3M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,772 | 0.000% | $397K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.578% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771.4 | −0.032% | $269K | $1.4M | 10x | as long as short |
| Nado SNDK-PERP | +0.0044% | 1h | 1,772 | −0.001% | $331K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,771.8 | −0.011% | — | $574K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.9 | −0.006% | $244K | $699K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,772.1 | +0.006% | $121.7M | $153.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,772.5 | +0.028% | $4.5M | $19.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.4 | −0.034% | $187K | $115K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,771.6 | −0.023% | $727K | $525K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,770.9 | −0.062% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0053% | 8h | 1,771.5 | −0.027% | — | — | 5x | as long as short |
| edgeX SNDKUSDC | +0.0064% | 4h | 1,773.4 | +0.078% | $563K | $340K | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.3 | −0.039% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.8 | −0.014% | $199K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,772.3 | +0.016% | $6.1M | $23.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.9 | +0.049% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.9 | −0.008% | $8K | $3K | 20x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0148% | 8h | 1,773.8 | +0.103% | $28K | $2.5M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0152% | 1h | 1,776.1 | +0.230% | $448K | $2.2M | 10x | as long as short |
| Lighter SNDK | +0.0184% | 1h | 1,772.7 | +0.039% | $1.8M | $16.7M | 20x | as long as short |
| RISEx SNDK/USDC | +0.0898% | 1h | 1,773.2 | +0.070% | $146K | $1.5M | 20x | as long as short |
Variational Omni SNDK
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Nado SNDK-PERP
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
edgeX SNDKUSDC
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
GRVT SNDK_USDT_Perp
Coinbase International SNDK-PERP-INTX
Lighter SNDK
RISEx SNDK/USDC