SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0386%/8h= +42.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.070%

Price spread now: Kraken Futures against Deribit+0.034%7-day average +0.004% · 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−$50as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.355%+$35 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.034%, 7d avg +0.004%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.029% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,770.9	0	get 0.0000% / 1h	48m 14s	$49K	$240K	10x
Short	Kraken Futures PF_SNDKUSD	1,771.5	0.0386	get 0.0048% / 1h	48m 14s	$129K	$415K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.034%Rate

Funding earned: $81.1
Price spread: +0.034% → +0.004%: $2.94
Slippage, 4 orders: −$35.49
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $31.55
Costs to cover: 0.525%
Break-even: 4.3 days

Slippage from Deribit: live order book, 35 min ago; Kraken Futures: live order book, 35 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 Deribit live order book, 35 min ago	1.92 bp	11.2 bp −$11	15.3 bp −$153	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 min ago	2.83 bp	11.9 bp −$12	45.8 bp −$458	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	1,771.7	+0.043%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,771.4	+0.025%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.3	+0.019%	$21.8M	$39.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.9	0.000%	$286.6M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.2	+0.015%	$31.7M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771	+0.003%	$87.7M	$845.6M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,770.8	−0.010%	$183.3M	$241.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771	+0.005%	$49.6M	$171.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.6	+0.038%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.6	+0.039%	$20K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,771.8	+0.049%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.8	−0.008%	$14K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.6	−0.021%	$945	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,770.9	long leg	$49K	$240K	10x
HTX SNDK-USDT	0.0000%	8h	1,771.1	+0.006%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,771	+0.001%	$2.8M	$960K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0007%	1h	1,771	+0.005%	$725	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,772.4	+0.083%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.6	+0.035%	$1.5M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,771.2	+0.012%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.7	−0.013%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.639%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771	+0.004%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.4	−0.033%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.3	+0.020%	$244K	$672K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.8	−0.008%	$112.6M	$152.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,770.6	−0.019%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.8	−0.008%	$196K	$90K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,771	+0.002%	$724K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.3	+0.020%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.3	+0.019%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,773.3	+0.133%	$438K	$2.4M	10x	as long as short
Nado SNDK-PERP	+0.0066%	1h	1,771.5	+0.033%	$309K	$1.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.3	−0.035%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.4	+0.027%	$213K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.6	−0.018%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.7	+0.044%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770	−0.054%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0202%	4h	1,771.5	+0.030%	$563K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0386%	1h	1,771.5	+0.034%	$129K	$415K	20x