SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: QFEX against Deribit−0.043%7-day average −0.010% · 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−$43as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.043%, 7d avg −0.010%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.033% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SNDK_USDC-PERPETUAL	1,759.4	0	get 0.0000% / 1h	31m 02s	$51K	$347K	10x
Short	QFEX SNDK-USD	1,758.6	−0.0004	pay 0.0000% / 1h	31m 02s	$1.4M	$10.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$0.74
Price spread: −0.043% → −0.010%: −$3.29
Slippage, 4 orders: −$22.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$43.75
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Deribit: live order book, 18 min ago; QFEX: live order book, 8 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, 18 min ago	8.19 bp	12.7 bp −$13	16.8 bp −$168	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.51 bp	6.5 bp −$7	6.7 bp −$67	11.8 bp −$1,179	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	−0.0216%	8h	1,760.1	+0.044%	$44.4M	$161.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	+0.007%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,759.8	+0.027%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0022%	1h	1,758.7	−0.038%	$4.7M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0007%	1h	1,758.3	−0.059%	$333K	$1.5M	10x	as long as short
QFEX SNDK-USDshort	−0.0004%	1h	1,758.6	−0.043%	$1.4M	$10.8M	10x
Aster SNDKUSD1	0.0000%	8h	1,761.1	+0.098%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.3	+0.056%	$279.7M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.3	+0.051%	$31.6M	$103.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.1	+0.042%	$81.7M	$826.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx SNDK/USDC	0.0000%	1h	1,759.6	+0.016%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.4	+0.005%	$175.6M	$230.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.8	−0.034%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,756.5	−0.162%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,759.2	−0.009%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,758.7	−0.038%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,758.7	−0.039%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUALlong	0.0000%	1h	1,759.4	long leg	$51K	$347K	10x
HTX SNDK-USDT	0.0000%	8h	1,758.9	−0.027%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.7	+0.018%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,756.4	−0.169%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,760.7	+0.077%	$655	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,758.3	−0.060%	$196K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.9	+0.028%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.5	+0.007%	$423K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.308%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.7	−0.039%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.2	−0.009%	$242K	$656K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,757.2	−0.120%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.7	+0.019%	$117.4M	$155.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,757.9	−0.083%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,758.4	−0.055%	$719K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.2	−0.009%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,760.3	+0.051%	$1.7M	$16.1M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,757.5	−0.103%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.9	−0.025%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,756.4	−0.168%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.6	−0.046%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,759.5	+0.006%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0180%	4h	1,757.2	−0.121%	$558K	$353K	10x	as long as short