Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.028%
Price spread now: Phoenix against Extended−0.155%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.155%, 7d avg +0.005%
=Together, before fees−0.081%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.159% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SNDK_24_5-USD | 1,773.1 | 0.0032 | pay 0.0004% / 1h | 16m 56s | $428K | $1.9M | 10x |
| Short | Phoenix SNDK | 1,770.4 | 0 | get 0.0000% / 1h | 16m 56s | $276K | $193K | 15x |
Extended SNDK_24_5-USD
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$6.72
- Price spread: −0.155% → +0.005%
- −$15.94
- Slippage, 4 orders
- −$22.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$57.06
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 34 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 Extended live order book, 2 min ago | 2.57 bp | 5.2 bp −$5 | 10.7 bp −$107 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 34 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | 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 | 1,772.8 | −0.018% | $4.0M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0048% | 8h | 1,771.9 | −0.071% | $6.1M | $22.1M | 20x | as long as short |
| Entropy io:SNDK | −0.0046% | 1h | 1,771.5 | −0.093% | $4.7M | $19.8M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,771.1 | −0.113% | $1.4M | $11.9M | 10x | as long as short |
| Nado SNDK-PERP | −0.0017% | 1h | 1,771.9 | −0.068% | $339K | $1.5M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,774.1 | +0.052% | $434K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,773.6 | +0.025% | $21.6M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,773.4 | +0.016% | $281.1M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,773.8 | +0.036% | $31.9M | $102.1M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,773.9 | +0.043% | $82.2M | $827.8M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Entropy io:SNDK
QFEX SNDK-USD
Nado SNDK-PERP
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 | 1,772.5 | −0.037% | $122K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,773.2 | +0.004% | $177.1M | $231.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,774.3 | +0.066% | $44.4M | $162.7M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,773.3 | +0.010% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,772.9 | −0.013% | $14K | $1.6M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,770.4 | −0.155% | $276K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,771.9 | −0.068% | $14K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.5 | −0.095% | $974 | $3.6M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.7 | −0.083% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,772.6 | −0.031% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0009% | 1h | 1,772.6 | −0.034% | $660 | $38K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,772.4 | −0.040% | $1.7M | $15.9M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,771.8 | −0.076% | $1.4M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USDlong | +0.0032% | 1h | 1,773.1 | long leg | $428K | $1.9M | 10x | |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.512% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,770.5 | −0.147% | $264K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0042% | 1h | 1,768.9 | −0.241% | — | $582K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,772 | −0.065% | $244K | $652K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,771.5 | −0.093% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,773 | −0.008% | $117.4M | $152.3M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.5 | −0.093% | $185K | $132K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,770.9 | −0.125% | $724K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,772.1 | −0.059% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,772.1 | −0.060% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.9 | −0.071% | $197K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,771.6 | −0.088% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.4 | −0.100% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,772.6 | −0.033% | $128K | $353K | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | +0.0145% | 1h | 1,772 | −0.067% | $51K | $346K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0582% | 4h | 1,772.9 | −0.015% | $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
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter SNDK
Lighter RH SNDK
Injective SNDK/USDC PERP
Arcus SNDK-USD
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
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Kraken Futures PF_SNDKUSD
Deribit SNDK_USDC-PERPETUAL
edgeX SNDKUSDC