SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.086%

Price spread now: Phoenix against Kraken Futures−0.013%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Kraken Futures Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.825%−$82 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.013%, 7d avg +0.009%

Together, before fees−0.776%−$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,771.9	0.0121	pay 0.0015% / 1h	48m 47s	$128K	$355K	20x
Short	Phoenix SNDK	1,771.7	0	get 0.0000% / 1h	48m 47s	$276K	$193K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Kraken Futures. 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 Kraken FuturesbpFee PhoenixbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$25.46
Price spread: −0.013% → +0.009%: −$2.27
Slippage, 4 orders: −$35.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$79.94
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; Phoenix: live order book, 62 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 Kraken Futures live order book, 64 min ago	2.52 bp	17.0 bp −$17	47.3 bp −$473	doesn't fit	doesn't fit
Sell Phoenix live order book, 62 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	1,770.4	−0.088%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,770.1	−0.104%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0027%	1h	1,773	+0.059%	$338K	$1.5M	10x	as long as short
Bitget SNDKUSDT	−0.0015%	8h	1,770.3	−0.090%	$44.6M	$162.8M	75x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,771.8	−0.006%	$1.4M	$11.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.4	−0.085%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.4	−0.089%	$279.7M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.7	−0.072%	$31.9M	$102.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.6	−0.075%	$82.5M	$831.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,773	+0.060%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,770.2	−0.099%	$177.8M	$228.5M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,772.2	+0.016%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,772.5	+0.033%	$22K	$1.7M	10x	as long as short
Phoenix SNDKshort	0.0000%	1h	1,771.7	−0.013%	$276K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,771.6	−0.019%	$15K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.1	+0.011%	$982	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771	−0.055%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.1	−0.101%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.2	−0.096%	$2.8M	$1.1M	50x	as long as short
Entropy io:SNDK	0.0000%	1h	1,770.2	−0.098%	$4.8M	$19.8M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,771	−0.051%	$659	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,771.1	−0.049%	—	$586K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,772.4	+0.026%	$197K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.9	−0.058%	$1.3M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.6	−0.132%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.582%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.7	−0.071%	$264K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.3	+0.021%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.8	−0.010%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.3	−0.092%	$117.8M	$154.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.3	−0.036%	$185K	$132K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.3	+0.077%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,773.7	+0.101%	$435K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,771.1	−0.049%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,772.7	+0.041%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.2	−0.097%	$8K	$3K	20x	as long as short
Lighter SNDK	+0.0120%	1h	1,771.9	−0.003%	$1.8M	$15.8M	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0121%	1h	1,771.9	long leg	$128K	$355K	20x
SoDEX SNDK-USD	+0.0480%	1h	1,770.6	−0.073%	$724K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0742%	4h	1,771.1	−0.048%	$562K	$352K	10x	as long as short