Funding you earn now, next payment 07:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.016%
Price spread now: Phoenix against Nado−0.132%7-day average −0.016% · 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−$50as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 4 days (all we have)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.132%, 7d avg −0.016%
=Together, before fees+0.080%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.116% cheaper against Nado than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.016%). If the spread goes back, that is −$12 on $10k: about 14 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado SNDK-PERP | 1,762.3 | −0.0027 | get 0.0003% / 1h | 48m 53s | $328K | $1.5M | 10x |
| Short | Phoenix SNDK | 1,760 | 0 | get 0.0000% / 1h | 48m 53s | $274K | $193K | 15x |
Nado SNDK-PERP
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- $5.69
- Price spread: −0.132% → −0.016%
- −$11.63
- Slippage, 4 orders
- −$24.16
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$44.1
- Costs to cover
- 0.382%
- Break-even
- 61.3 days
Slippage from Nado: live order book, 5 min ago; Phoenix: live order book, 52 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 Nado live order book, 5 min ago | 0.28 bp | 6.8 bp −$7 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 52 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 | −0.0322% | 8h | 1,762.5 | +0.012% | $48.4M | $166.3M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,762.2 | −0.005% | $4.0M | $4.6M | 75x | as long as short |
| Nado SNDK-PERPlong | −0.0027% | 1h | 1,762.3 | long leg | $328K | $1.5M | 10x | |
| KuCoin SNDKUSDTM | −0.0012% | 8h | 1,762 | −0.018% | $6.0M | $22.4M | 20x | as long as short |
| QFEX SNDK-USD | −0.0001% | 1h | 1,761.2 | −0.066% | $1.4M | $10.0M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,763.2 | +0.050% | $21.5M | $32.9M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,763.2 | +0.048% | $280.0M | $1.86B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,763.4 | +0.060% | $31.8M | $103.8M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,762.4 | +0.004% | $82.5M | $834.8M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,762.4 | +0.007% | $120K | $1.6M | 20x | 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/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,762.7 | +0.022% | $177.4M | $228.1M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,758.6 | −0.213% | $2.5M | $4.8M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,759.1 | −0.183% | $10K | $2.1M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,760 | −0.132% | $274K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,762.2 | −0.008% | $13K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,761.3 | −0.060% | $884 | $3.4M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,762.1 | −0.010% | $51K | $352K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,760.9 | −0.083% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,762.5 | +0.012% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,761 | −0.073% | $673 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0013% | 1h | 1,759.3 | −0.169% | — | $579K | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,763.1 | +0.042% | $1.8M | $16.2M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,762.4 | +0.005% | $1.2M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,762.3 | −0.001% | $490K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.136% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,758.9 | −0.193% | $254K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,761.6 | −0.041% | $242K | $653K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,762.2 | −0.007% | $119.1M | $159.2M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,760.6 | −0.098% | $4.6M | $19.5M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,761.4 | −0.052% | $185K | $128K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,760.6 | −0.098% | $720K | $520K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,762 | −0.016% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,762.2 | −0.007% | $1.4M | $5.2M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,761.9 | −0.022% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,762.2 | −0.009% | $197K | $305K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,759.5 | −0.159% | $68K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,762 | −0.019% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0112% | 1h | 1,762.5 | +0.007% | $431K | $2.2M | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0274% | 1h | 1,762.7 | +0.021% | $127K | $340K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0629% | 4h | 1,758.5 | −0.215% | $559K | $351K | 10x | as long as short |
Gate SNDK_USDT
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
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
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