Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Bybit against Phoenix−0.039%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 3 days (all we have)+0.122%+$12 · spread now −0.039%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.046% cheaper against Phoenix than usual: you would sell low and buy high, −$5 on $10k if it 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 | 1,790.9 | 0 | get 0.0000% / 1h | 1m 19s | $279K | $195K | 15x |
| Short | Bybit SNDKUSDT | 1,790.2 | 0 | get 0.0000% / 8h | 7h 01m | $32.1M | $99.9M | 100x |
Phoenix SNDK
Bybit SNDKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.039% → +0.006%
- −$4.55
- Slippage, 4 orders
- −$22.99
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.54
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 4 min ago; Bybit: 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, 4 min ago | 3.91 bp | 12.5 bp −$13 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.64 bp | 8.0 bp −$8 | 11.7 bp −$117 | 32.0 bp −$3,204 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SNDK_USDC-PERPETUAL | −0.0186% | 1h | 1,789.1 | −0.098% | $51K | $328K | 10x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,789.1 | −0.098% | $4.1M | $4.5M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,790.1 | −0.045% | $21.8M | $42.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,789.6 | −0.071% | $287.2M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDTshort | 0.0000% | 8h | 1,790.2 | −0.039% | $32.1M | $99.9M | 100x | |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,788.9 | −0.112% | $86.6M | $832.0M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,789.6 | −0.074% | $182.4M | $235.9M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,789.6 | −0.070% | $47.9M | $164.2M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,789.2 | −0.094% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,791.4 | +0.025% | $21K | $1.1M | 10x | as long as short |
Deribit SNDK_USDC-PERPETUAL
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_PerpShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDKlong | 0.0000% | 1h | 1,790.9 | long leg | $279K | $195K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,789.6 | −0.073% | $13K | $291K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,788.1 | −0.156% | $926 | $3.7M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,788.6 | −0.127% | $1.5M | $10.4M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,789.5 | −0.079% | $2.8M | $1.1M | 50x | as long as short |
| QFEX SNDK-USD | +0.0001% | 1h | 1,789 | −0.107% | $1.9M | $18.5M | 10x | as long as short |
| RISEx SNDK/USDC | +0.0004% | 1h | 1,790.2 | −0.041% | $171K | $1.8M | 20x | as long as short |
| Nado SNDK-PERP | +0.0005% | 1h | 1,791.1 | +0.009% | $348K | $1.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0006% | 1h | 1,790.6 | −0.018% | $714 | $37K | 5x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,790.8 | −0.003% | $1.7M | $16.4M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,790.3 | −0.032% | $1.4M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,790 | −0.050% | $460K | $1.6M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.506% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,789.4 | −0.082% | $306K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,789.3 | −0.090% | — | $585K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,789.6 | −0.073% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,790.4 | −0.030% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,789.6 | −0.073% | $114.9M | $146.5M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,789.6 | −0.073% | $4.8M | $20.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,789.4 | −0.084% | $187K | $135K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,789.6 | −0.075% | $732K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,788.9 | −0.112% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,789 | −0.109% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,790 | −0.048% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,789.3 | −0.089% | $6.1M | $21.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,789.1 | −0.101% | $69K | $269K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,788.9 | −0.111% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0128% | 1h | 1,792.4 | +0.083% | $442K | $2.3M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0164% | 4h | 1,789.4 | −0.083% | $568K | $354K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0660% | 1h | 1,790.1 | −0.042% | $130K | $366K | 20x | as long as short |
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
QFEX SNDK-USD
RISEx SNDK/USDC
Nado SNDK-PERP
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
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD