Funding you earn now, next payment 11:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.004%
Price spread now: QFEX against Deribit+0.045%7-day average −0.009% · 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−$37as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 4 days (all we have)+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.045%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and QFEX is 0.054% dearer against Deribit than usual: you sell high and buy low: +$5 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 | Deribit SNDK_USDC-PERPETUAL | 1,770.7 | −0.0111 | get 0.0014% / 1h | 45m 12s | $19K | $430K | 10x |
| Short | QFEX SNDK-USD | 1,771.5 | −0.0001 | pay 0.0000% / 1h | 45m 12s | $1.4M | $9.4M | 10x |
Deribit SNDK_USDC-PERPETUAL
QFEX SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Deribit. 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
- $23.19
- Price spread: +0.045% → −0.009%
- $5.35
- Slippage, 4 orders
- −$25.25
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$13.71
- Costs to cover
- 0.423%
- Break-even
- 11.1 days
Slippage from Deribit: live order book, 2 min ago; QFEX: live order book, 7 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 Deribit live order book, 2 min ago | 5.00 bp | 14.8 bp −$15 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 0.48 bp | 6.2 bp −$6 | 7.2 bp −$72 | 11.3 bp −$1,127 | doesn't fit |
SNDK on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SNDKUSD | −0.0258% | 1h | 1,770.7 | −0.003% | $168K | $384K | 20x | as long as short |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,771.9 | +0.066% | $4.0M | $4.7M | 75x | as long as short |
| Deribit SNDK_USDC-PERPETUALlong | −0.0111% | 1h | 1,770.7 | long leg | $19K | $430K | 10x | |
| QFEX SNDK-USDshort | −0.0001% | 1h | 1,771.5 | +0.045% | $1.4M | $9.4M | 10x | |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,772.7 | +0.113% | $21.6M | $32.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,771.8 | +0.059% | $282.8M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,771.9 | +0.064% | $31.9M | $107.1M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,772 | +0.072% | $82.2M | $842.1M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.9 | +0.066% | $182.7M | $218.6M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,771.9 | +0.066% | $48.1M | $172.3M | 75x | as long as short |
Kraken Futures PF_SNDKUSD
BloFin SNDK-USDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDTShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SNDK | 0.0000% | 8h | 1,771.1 | +0.024% | $2.7M | $4.7M | — | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,773.1 | +0.134% | $276K | $188K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,772 | +0.072% | $15K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.2 | +0.025% | $685 | $3.1M | 20x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.2 | +0.025% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,771.9 | +0.066% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0019% | 1h | 1,773.3 | +0.143% | $678 | $38K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,772 | +0.073% | $1.3M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,771.4 | +0.038% | $397K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.651% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771.4 | +0.040% | $269K | $1.4M | 10x | as long as short |
| Nado SNDK-PERP | +0.0044% | 1h | 1,772 | +0.071% | $331K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,771.8 | +0.061% | — | $574K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,771.9 | +0.067% | $244K | $699K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,772.1 | +0.078% | $121.7M | $153.0M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,772.5 | +0.101% | $4.5M | $19.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.4 | +0.038% | $187K | $115K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,771.8 | +0.059% | $727K | $525K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,770.9 | +0.010% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0053% | 8h | 1,771.5 | +0.045% | — | — | 5x | as long as short |
| edgeX SNDKUSDC | +0.0064% | 4h | 1,773.4 | +0.150% | $563K | $340K | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.3 | +0.033% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.8 | +0.059% | $199K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,772.1 | +0.078% | $6.1M | $23.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.9 | +0.121% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.9 | +0.064% | $8K | $3K | 20x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0148% | 8h | 1,773.8 | +0.175% | $28K | $2.5M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0152% | 1h | 1,772.5 | +0.101% | $445K | $2.2M | 10x | as long as short |
| Lighter SNDK | +0.0176% | 1h | 1,772.6 | +0.104% | $1.8M | $16.7M | 20x | as long as short |
| RISEx SNDK/USDC | +0.0898% | 1h | 1,773.2 | +0.142% | $146K | $1.5M | 20x | as long as short |
Variational Omni SNDK
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Nado SNDK-PERP
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
edgeX SNDKUSDC
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
GRVT SNDK_USDT_Perp
Coinbase International SNDK-PERP-INTX
Lighter SNDK
RISEx SNDK/USDC