Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.032%
Price spread now: Phoenix against Popdex+0.039%54s7-day average +0.007% · 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—prices read too far apart to compare
costs, in and out, $10k−$310.306% of the position
Funding, last 4 days (all we have)−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.039%, 7d avg +0.007%
=The price spread pays, funding is against you. Phoenix is 0.033% dearer against Popdex than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.007%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 4 days (−0.114% in total) that is about 25 hours. The two prices were read 54 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 | Popdex SNDKUSDT | 1,772.5 | 0.0048 | pay 0.0006% / 1h | 14m 37s | $244K | $653K | 20x |
| Short | Phoenix SNDK | 1,773.2 | 0 | get 0.0000% / 1h | 14m 37s | $276K | $193K | 15x |
Popdex SNDKUSDT
Phoenix SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Popdex. 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
- −$10.08
- Price spread: +0.039% → +0.007%
- $3.3
- Slippage, 4 orders
- −$17.16
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$37.35
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 39 min ago; Phoenix: live order book, 36 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 Popdex live order book, 39 min ago | 0.56 bp | 3.8 bp −$4 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 36 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 | 1,772.2 | −0.015% | $4.0M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0045% | 8h | 1,771.8 | −0.039% | $6.1M | $22.1M | 20x | as long as short |
| Entropy io:SNDK | −0.0031% | 1h | 1,771.7 | −0.045% | $4.8M | $19.9M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,771.6 | −0.053% | $1.4M | $11.9M | 10x | as long as short |
| Nado SNDK-PERP | −0.0013% | 1h | 1,772 | −0.029% | $342K | $1.5M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | −0.0008% | 1h | 1,774.1 | +0.089% | $434K | $2.3M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,772.8 | +0.019% | $21.6M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,772.3 | −0.009% | $280.9M | $1.82B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,772.6 | +0.006% | $31.9M | $102.1M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,772.7 | +0.011% | $82.2M | $827.2M | 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 | 1,772.6 | +0.008% | $122K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.6 | −0.054% | $177.2M | $231.1M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,772.4 | −0.007% | $44.3M | $162.6M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,773.5 | +0.057% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,773 | +0.030% | $17K | $1.6M | 10x | as long as short |
| Phoenix SNDKshort | 0.0000% | 1h | 1,773.2 | +0.039% | $276K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,773.3 | +0.045% | $13K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,773.1 | +0.036% | $1K | $3.6M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.7 | −0.045% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,772.3 | −0.011% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0010% | 1h | 1,773 | +0.026% | $705 | $38K | 5x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | +0.0015% | 1h | 1,772.5 | 0.000% | $51K | $346K | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,772.5 | −0.003% | $1.7M | $15.9M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,771.7 | −0.047% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,771.3 | −0.068% | $428K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.549% | $36 | $9K | 12x | as long as short |
| Vest SNDK-USD-PERP | +0.0038% | 1h | 1,769.4 | −0.174% | — | $582K | 10x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771.6 | −0.054% | $264K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDTlong | +0.0048% | 1h | 1,772.5 | long leg | $244K | $653K | 20x | |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,771.4 | −0.061% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,771.3 | −0.068% | $117.3M | $152.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,772.2 | −0.017% | $185K | $132K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,772.3 | −0.014% | $724K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,771.5 | −0.056% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,772.7 | +0.014% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.6 | −0.053% | $197K | $289K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.9 | +0.023% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,772.3 | −0.011% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0122% | 1h | 1,773.3 | +0.046% | $128K | $353K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0449% | 4h | 1,771.1 | −0.077% | $562K | $353K | 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
Deribit SNDK_USDC-PERPETUAL
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Vest SNDK-USD-PERP
Arcus SNDK-USD
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
edgeX SNDKUSDC