Funding you earn now, next payment 02:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.079%
Price spread now: Phoenix against Kraken Futures+0.009%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$640.641% of the position
Funding, last 7 days−0.821%−$82 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.009%, 7d avg +0.010%
=The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SNDKUSD | 1,786.3 | 0.0058 | pay 0.0007% / 1h | 48m 47s | $130K | $352K | 20x |
| Short | Phoenix SNDK | 1,786.5 | −0.0090 | pay 0.0011% / 1h | 48m 47s | $278K | $193K | 15x |
Kraken Futures PF_SNDKUSD
Phoenix SNDKFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.09
- Price spread: +0.009% → +0.010%
- −$0.09
- Slippage, 4 orders
- −$47.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$95.26
- Costs to cover
- 0.641%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 14 min ago; Phoenix: live order book, 12 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, 14 min ago | 1.96 bp | 21.5 bp −$21 | 50.3 bp −$503 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 3.93 bp | 12.6 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
SNDK on 39 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SNDK_USDC-PERPETUAL | −0.0097% | 1h | 1,785.8 | −0.028% | $51K | $333K | 10x | as long as short |
| Phoenix SNDKshort | −0.0090% | 1h | 1,786.5 | +0.009% | $278K | $193K | 15x | |
| Entropy io:SNDK | −0.0059% | 1h | 1,785.4 | −0.053% | $4.9M | $20.3M | 10x | as long as short |
| Nado SNDK-PERP | −0.0037% | 1h | 1,787 | +0.036% | $359K | $1.4M | 10x | as long as short |
| QFEX SNDK-USD | −0.0023% | 1h | 1,785.8 | −0.029% | $1.6M | $15.1M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,785.7 | −0.035% | $21.8M | $37.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,784.6 | −0.100% | $285.6M | $1.80B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,785.3 | −0.059% | $32.1M | $99.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,785.4 | −0.053% | $85.4M | $821.6M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,786.8 | +0.024% | $170K | $1.8M | 20x | as long as short |
Deribit SNDK_USDC-PERPETUAL
Entropy io:SNDK
Nado SNDK-PERP
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDCShow all 39 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SNDK_USDT | 0.0000% | 8h | 1,785.6 | −0.041% | $180.1M | $230.5M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,785.4 | −0.054% | $43.8M | $163.4M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,785.5 | −0.048% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,785.8 | −0.030% | $21K | $1.2M | 10x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,786 | −0.019% | $15K | $290K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,785.1 | −0.069% | $859 | $3.6M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,785.3 | −0.056% | $1.4M | $10.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,785.6 | −0.040% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0004% | 1h | 1,786.3 | −0.001% | $665 | $37K | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0014% | 1h | 1,784.9 | −0.081% | $114.4M | $145.6M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0024% | 1h | 1,786 | −0.022% | $439K | $2.3M | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,785.8 | −0.028% | $1.7M | $16.0M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,785.3 | −0.057% | $1.4M | $9.4M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,785.8 | −0.027% | $477K | $1.7M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +0.763% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,784.7 | −0.092% | $311K | $1.6M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,785.9 | −0.025% | — | $581K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,786 | −0.019% | $246K | $645K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0048% | 8h | 1,784.7 | −0.092% | — | — | 5x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,785.5 | −0.047% | $187K | $134K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,785.7 | −0.035% | $730K | $515K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,785.9 | −0.025% | $1.4M | $5.1M | 5x | as long as short |
| Kraken Futures PF_SNDKUSDlong | +0.0058% | 1h | 1,786.3 | long leg | $130K | $352K | 20x | |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,785.5 | −0.048% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0094% | 1h | 1,784.9 | −0.081% | $199K | $292K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,785.1 | −0.070% | $6.1M | $21.6M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,786.2 | −0.009% | $69K | $270K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,785.2 | −0.066% | $8K | $3K | 20x | as long as short |
| edgeX SNDKUSDC | +0.0374% | 4h | 1,785.6 | −0.039% | $567K | $352K | 10x | as long as short |
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
tradeXYZ xyz:SNDK
Coinbase International SNDK-PERP-INTX
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC