Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.034%
Price spread now: Pacifica against Phoenix−0.039%47s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as 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−$390.385% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.039%, 7d avg −0.017%
=Together, before fees+0.225%+ Points / potential airdropPacifica: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.022% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.094% in total) that is about 40 hours. The two prices were read 47 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 | Phoenix SNDK | 1,774.5 | 0 | get 0.0000% / 1h | 48m 10s | $276K | $188K | 15x |
| Short | Pacifica SNDK | 1,773.8 | 0.0100 | get 0.0013% / 1h | 48m 10s | $199K | $305K | 10x |
Phoenix SNDK
Pacifica SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $21
- Price spread: −0.039% → −0.017%
- −$2.23
- Slippage, 4 orders
- −$23.54
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$19.76
- Costs to cover
- 0.385%
- Break-even
- 13.6 days
Slippage from Phoenix: live order book, 60 min ago; Pacifica: 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 Phoenix live order book, 60 min ago | 3.42 bp | 12.2 bp −$12 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 63 min ago | 0.86 bp | 6.5 bp −$7 | doesn't fit | 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 | 1,773.7 | −0.042% | $168K | $385K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,775.1 | +0.036% | $4.0M | $4.7M | 75x | as long as short |
| QFEX SNDK-USD | −0.0001% | 1h | 1,773.5 | −0.059% | $1.4M | $9.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,774.7 | +0.014% | $21.6M | $32.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,774.7 | +0.009% | $283.2M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,774.5 | +0.001% | $31.8M | $107.0M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,775 | +0.028% | $82.6M | $842.5M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,774.8 | +0.014% | $182.5M | $218.4M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,774.6 | +0.008% | $48.2M | $172.3M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,774.4 | −0.007% | $2.7M | $4.7M | — | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDKlong | 0.0000% | 1h | 1,774.5 | long leg | $276K | $188K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,774.9 | +0.023% | $15K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,773.9 | −0.037% | $848 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,773.9 | −0.033% | $19K | $429K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,774.2 | −0.015% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,775.4 | +0.050% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0019% | 1h | 1,774.4 | −0.007% | $684 | $38K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,775.1 | +0.031% | $1.3M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,773.9 | −0.034% | $432K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.435% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,773.3 | −0.069% | $271K | $1.3M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,774.4 | −0.004% | — | $574K | 10x | as long as short |
| Nado SNDK-PERP | +0.0046% | 1h | 1,774 | −0.027% | $331K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,773.7 | −0.045% | $244K | $702K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,774.8 | +0.017% | $121.9M | $153.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,774.3 | −0.011% | $4.5M | $19.1M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,773.8 | −0.039% | $187K | $130K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,774.4 | −0.005% | $728K | $525K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,773.6 | −0.051% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0053% | 8h | 1,773.9 | −0.035% | — | — | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,774.2 | −0.017% | $1K | — | 10x | as long as short |
| Pacifica SNDKshort | +0.0100% | 1h | 1,773.8 | −0.039% | $199K | $305K | 10x | |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,773.8 | −0.042% | $6.1M | $23.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,775.3 | +0.043% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,773.8 | −0.039% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0152% | 1h | 1,776.1 | +0.089% | $448K | $2.2M | 10x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0167% | 8h | 1,774.8 | +0.016% | $24K | $2.4M | 10x | as long as short |
| Lighter SNDK | +0.0184% | 1h | 1,775.7 | +0.070% | $1.8M | $16.7M | 20x | as long as short |
| edgeX SNDKUSDC | +0.0752% | 4h | 1,774.4 | −0.003% | $564K | $339K | 10x | as long as short |
| RISEx SNDK/USDC | +0.0898% | 1h | 1,774.9 | +0.021% | $146K | $1.5M | 20x | as long as short |
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Nado SNDK-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
Aevo SNDK-PERP
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
GRVT SNDK_USDT_Perp
Lighter SNDK
edgeX SNDKUSDC
RISEx SNDK/USDC