SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.088%

Price spread now: Kraken Futures against Phoenix−0.042%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

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

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.824%+$82 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.042%, 7d avg −0.010%

Together, before fees+0.799%+$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.824% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SNDK	1,767.6	0	get 0.0000% / 1h	4m 59s	$275K	$193K	15x
Short	Kraken Futures PF_SNDKUSD	1,766.9	0.0122	get 0.0015% / 1h	4m 59s	$128K	$355K	20x

Funding 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 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 PhoenixbpFee Kraken FuturesbpOrdersPrice spread, now −0.042%Rate

Funding earned: $25.72
Price spread: −0.042% → −0.010%: −$3.22
Slippage, 4 orders: −$35.2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.71
Costs to cover: 0.522%
Break-even: 15.1 days

Slippage from Phoenix: live order book, 46 min ago; Kraken Futures: live order book, 48 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, 46 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, 48 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	1,766.5	−0.063%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,766.9	−0.042%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0031%	1h	1,766.6	−0.057%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,765.9	−0.096%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,766.8	−0.044%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0004%	1h	1,766.7	−0.048%	$340K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,767.2	−0.023%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,766.7	−0.050%	$280.2M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,767.3	−0.019%	$31.7M	$102.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,766.8	−0.045%	$81.9M	$827.8M	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	1,767.2	−0.023%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,766.5	−0.064%	$177.2M	$231.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,766.9	−0.037%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.011%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.5	−0.121%	$10K	$1.6M	10x	as long as short
Phoenix SNDKlong	0.0000%	1h	1,767.6	long leg	$275K	$193K	15x
Bullet SNDK-USD	0.0000%	1h	1,766.9	−0.040%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.9	−0.095%	$720	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,766.4	−0.067%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.5	−0.063%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.190%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,767.2	−0.022%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0023%	1h	1,763	−0.263%	—	$582K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,767.6	−0.002%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,767	−0.037%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,766.4	−0.065%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.831%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.8	−0.100%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,766.8	−0.045%	$243K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,766.7	−0.052%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.4	−0.011%	$117.2M	$153.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,766.2	−0.079%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,766.2	−0.080%	$722K	$514K	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0050%	1h	1,766.6	−0.055%	$51K	$346K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.6	−0.057%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,766.3	−0.076%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767	−0.035%	$197K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,765.9	−0.096%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,765.4	−0.123%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0122%	1h	1,766.9	−0.042%	$128K	$355K	20x