Funding you earn now, next payment 06:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.065%
Price spread now: tradeXYZ against Kraken Futures−0.082%50s7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as 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−$490.488% of the position
Funding, last 7 days−0.747%−$75 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.082%, 7d avg 0.000%
=Together, before fees−0.608%+ Points / potential airdroptradeXYZ: Active · farm board−$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.081% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 50 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 | Kraken Futures PF_SNDKUSD | 1,769.2 | 0.0121 | pay 0.0015% / 1h | 8m 27s | $127K | $347K | 20x |
| Short | tradeXYZ xyz:SNDK | 1,767.8 | 0.0050 | get 0.0006% / 1h | 8m 27s | $119.0M | $157.9M | 10x |
Kraken Futures PF_SNDKUSD
tradeXYZ xyz:SNDKFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15
- Price spread: −0.082% → 0.000%
- −$8.12
- Slippage, 4 orders
- −$20.76
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$71.88
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 39 min ago; tradeXYZ: live order book, 11 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, 39 min ago | 2.83 bp | 12.2 bp −$12 | 36.6 bp −$366 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.28 bp | 9.3 bp −$9 | 9.3 bp −$93 | 13.8 bp −$1,379 | 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 | −0.0284% | 8h | 1,767.7 | −0.089% | $47.1M | $164.9M | 75x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,767.5 | −0.099% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0029% | 8h | 1,767.3 | −0.109% | $6.1M | $22.2M | 20x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,767.7 | −0.087% | $1.4M | $10.6M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,768.4 | −0.045% | $21.6M | $33.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,768.2 | −0.062% | $280.7M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,768.2 | −0.060% | $31.8M | $103.3M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,768.1 | −0.065% | $82.1M | $834.4M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,769.3 | +0.001% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,768 | −0.068% | $176.6M | $231.9M | 75x | as long as short |
Bitget SNDKUSDT
BloFin SNDK-USDT
KuCoin SNDKUSDTM
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,767.4 | −0.106% | $2.5M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,767.9 | −0.078% | $16K | $1.8M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,767.4 | −0.104% | $275K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,767.9 | −0.076% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,767.9 | −0.078% | $764 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,768 | −0.072% | $51K | $349K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,767.3 | −0.109% | $1.4M | $10.6M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,767.6 | −0.092% | $2.8M | $1.1M | 50x | as long as short |
| Nado SNDK-PERP | +0.0009% | 1h | 1,768.1 | −0.063% | $329K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0014% | 1h | 1,766.3 | −0.169% | — | $581K | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,766.3 | −0.169% | $695 | $37K | 5x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,768 | −0.070% | $197K | $303K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,768.1 | −0.063% | $1.3M | $9.5M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,767.8 | −0.080% | $444K | $2.0M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.736% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,765.9 | −0.190% | $262K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,768.3 | −0.053% | $243K | $666K | 20x | as long as short |
| tradeXYZ xyz:SNDKshort | +0.0050% | 1h | 1,767.8 | −0.082% | $119.0M | $157.9M | 10x | |
| Entropy io:SNDK | +0.0050% | 1h | 1,766.5 | −0.155% | $4.7M | $19.8M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,767 | −0.127% | $185K | $131K | 10x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,768 | −0.073% | — | — | 5x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,769.8 | +0.031% | $1.4M | $5.1M | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,770.1 | +0.050% | $437K | $2.3M | 10x | as long as short |
| SoDEX SNDK-USD | +0.0074% | 1h | 1,768.1 | −0.062% | $723K | $520K | 10x | as long as short |
| Lighter SNDK | +0.0080% | 1h | 1,769.2 | −0.003% | $1.8M | $16.4M | 20x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,767.9 | −0.078% | $1K | — | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,768.4 | −0.049% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,767.8 | −0.083% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSDlong | +0.0121% | 1h | 1,769.2 | long leg | $127K | $347K | 20x | |
| edgeX SNDKUSDC | +0.0984% | 4h | 1,766.9 | −0.130% | $561K | $351K | 10x | as long as short |
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Nado SNDK-PERP
Vest SNDK-USD-PERP
Aftermath Perps SNDKUSD
Pacifica SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Entropy io:SNDK
Polymarket Perps SNDK-USD
Paradex SNDK-USD-PERP
Ondo Perps SNDK-USD.P
Coinbase International SNDK-PERP-INTX
SoDEX SNDK-USD
Lighter SNDK
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC