SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h +0.072%

Price spread now: Kraken Futures against QFEX+0.040%7-day average +0.014% · 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−$46as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on QFEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.285%+$28 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.040%, 7d avg +0.014%

Together, before fees+0.231%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.026% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SNDK-USD	1,789.1	−0.0033	get 0.0004% / 1h	39m 03s	$1.5M	$13.7M	10x
Short	Kraken Futures PF_SNDKUSD	1,789.8	0.0044	get 0.0006% / 1h	39m 03s	$130K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against QFEX. 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 QFEXbpFee Kraken FuturesbpOrdersPrice spread, now +0.040%Rate

Funding earned: $16.16
Price spread: +0.040% → +0.014%: $2.64
Slippage, 4 orders: −$28.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.79
Costs to cover: 0.486%
Break-even: 19.9 days

Slippage from QFEX: live order book, 10 min ago; Kraken Futures: live order book, 19 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 QFEX live order book, 10 min ago	0.28 bp	6.6 bp −$7	8.4 bp −$84	12.8 bp −$1,277	doesn't fit
Sell Kraken Futures live order book, 19 min ago	2.51 bp	22.5 bp −$23	46.2 bp −$462	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	1,789.4	+0.015%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0108%	1h	1,789	−0.006%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERP	−0.0106%	1h	1,790.3	+0.066%	$310K	$1.5M	10x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.4	+0.017%	$279K	$193K	15x	as long as short
QFEX SNDK-USDlong	−0.0033%	1h	1,789.1	long leg	$1.5M	$13.7M	10x
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.190%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.6	+0.028%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.4	+0.014%	$287.2M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.029%	$32.6M	$100.0M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789	−0.006%	$85.0M	$826.0M	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	1,790.3	+0.065%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.1	+0.002%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,789.3	+0.012%	$43.8M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.7	+0.036%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790	+0.052%	$20K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	+0.017%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.059%	$753	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.8	+0.040%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.6	−0.030%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.2	+0.003%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.4	+0.015%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0016%	8h	1,788.4	−0.039%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	+0.068%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.9	+0.045%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.7	+0.034%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.607%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.9	−0.126%	$313K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0044%	1h	1,789.8	+0.040%	$130K	$352K	20x
tradeXYZ xyz:SNDK	+0.0046%	1h	1,789.3	+0.011%	$115.2M	$146.2M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.2	+0.004%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.5	+0.022%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789	−0.004%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789	−0.006%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.2	+0.003%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.2	+0.061%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789	−0.006%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0083%	4h	1,789.1	−0.001%	$568K	$351K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.5	+0.022%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,790.4	+0.075%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.6	−0.030%	$8K	$3K	20x	as long as short