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: Kraken Futures against Phoenix+0.013%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.522% of the position
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%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SNDK | 1,771.7 | 0 | get 0.0000% / 1h | 48m 28s | $276K | $193K | 15x |
| Short | Kraken Futures PF_SNDKUSD | 1,771.9 | 0.0121 | get 0.0015% / 1h | 48m 28s | $128K | $355K | 20x |
Phoenix SNDK
Kraken Futures PF_SNDKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phoenix. 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
- $25.46
- Price spread: +0.013% → −0.009%
- $2.27
- Slippage, 4 orders
- −$35.2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$24.47
- Costs to cover
- 0.522%
- Break-even
- 13.7 days
Slippage from Phoenix: live order book, 62 min ago; Kraken Futures: live order book, 64 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 Phoenix live order book, 62 min ago | 3.37 bp | 11.5 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 64 min ago | 2.52 bp | 12.2 bp −$12 | 37.8 bp −$378 | 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 | −0.075% | $3.9M | $4.5M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0043% | 8h | 1,770 | −0.094% | $6.1M | $22.1M | 20x | as long as short |
| Nado SNDK-PERP | −0.0023% | 1h | 1,771 | −0.041% | $338K | $1.5M | 10x | as long as short |
| Bitget SNDKUSDT | −0.0014% | 8h | 1,770.4 | −0.072% | $44.6M | $162.8M | 75x | as long as short |
| QFEX SNDK-USD | −0.0004% | 1h | 1,770.4 | −0.072% | $1.4M | $11.2M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,769.8 | −0.105% | $21.6M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,769.7 | −0.114% | $279.6M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,770.1 | −0.093% | $31.9M | $102.9M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,770 | −0.096% | $82.5M | $830.6M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,771.5 | −0.014% | $121K | $1.6M | 20x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Nado SNDK-PERP
Bitget SNDKUSDT
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,770.6 | −0.062% | $177.9M | $228.5M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,772.2 | +0.029% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,772.5 | +0.046% | $22K | $1.7M | 10x | as long as short |
| Phoenix SNDKlong | 0.0000% | 1h | 1,771.7 | long leg | $276K | $193K | 15x | |
| Bullet SNDK-USD | 0.0000% | 1h | 1,769.4 | −0.130% | $15K | $285K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,772.1 | +0.025% | $982 | $3.5M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,771 | −0.042% | $51K | $347K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,770.1 | −0.088% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,770.2 | −0.082% | $2.8M | $1.1M | 50x | as long as short |
| Entropy io:SNDK | 0.0000% | 1h | 1,770.2 | −0.085% | $4.8M | $19.8M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,770.7 | −0.059% | $686 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0014% | 1h | 1,768.7 | −0.171% | — | $586K | 10x | as long as short |
| Pacifica SNDK | +0.0024% | 1h | 1,770.4 | −0.073% | $197K | $304K | 10x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,771.1 | −0.035% | $1.3M | $9.3M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,771 | −0.039% | $424K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.595% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,770.3 | −0.079% | $263K | $1.4M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,770.1 | −0.090% | $244K | $654K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,770.4 | −0.071% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,770 | −0.096% | $117.8M | $154.0M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,769.2 | −0.141% | $185K | $132K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,773.3 | +0.090% | $1.4M | $5.1M | 5x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0072% | 1h | 1,773.7 | +0.115% | $435K | $2.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.1 | −0.035% | $1K | — | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.7 | +0.054% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,770.2 | −0.084% | $8K | $3K | 20x | as long as short |
| Lighter SNDK | +0.0120% | 1h | 1,771.9 | +0.010% | $1.8M | $15.8M | 20x | as long as short |
| Kraken Futures PF_SNDKUSDshort | +0.0121% | 1h | 1,771.9 | +0.013% | $128K | $355K | 20x | |
| SoDEX SNDK-USD | +0.0480% | 1h | 1,770.6 | −0.060% | $724K | $513K | 10x | as long as short |
| edgeX SNDKUSDC | +0.0742% | 4h | 1,771.1 | −0.034% | $562K | $352K | 10x | as long as short |
Gate SNDK_USDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Entropy io:SNDK
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Pacifica SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
Ondo Perps SNDK-USD.P
Coinbase International SNDK-PERP-INTX
Aevo SNDK-PERP
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Lighter SNDK
SoDEX SNDK-USD
edgeX SNDKUSDC