SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.068%

Price spread now: Bullet against Kraken Futures−0.045%51s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.483% of the position

Long on Kraken Futures Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.299%−$30 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.045%, 7d avg −0.003%

Together, before fees−0.250%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.041% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,791.2	0.0044	pay 0.0006% / 1h	10m 21s	$130K	$352K	20x
Short	Bullet SNDK-USD	1,790.4	0	get 0.0000% / 1h	10m 21s	$14K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 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 Kraken FuturesbpFee BulletbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$9.31
Price spread: −0.045% → −0.003%: −$4.14
Slippage, 4 orders: −$30.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$61.8
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 47 min ago; Bullet: live order book, 49 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, 47 min ago	2.51 bp	13.3 bp −$13	47.1 bp −$471	doesn't fit	doesn't fit
Sell Bullet live order book, 49 min ago	0.56 bp	6.4 bp −$6	21.2 bp −$212	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	1,790.8	−0.023%	$4.0M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0089%	1h	1,789.9	−0.073%	$279K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0071%	1h	1,790.7	−0.027%	$349K	$1.5M	10x	as long as short
Entropy io:SNDK	−0.0051%	1h	1,790.1	−0.061%	$4.9M	$20.0M	10x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,790.3	−0.051%	$1.4M	$13.1M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,791.2	−0.002%	$437K	$2.3M	10x	as long as short
KuCoin SNDKUSDTM	−0.0018%	8h	1,789.7	−0.085%	$6.1M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.7	−0.026%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,790.5	−0.039%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,791	−0.013%	$32.7M	$100.5M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,790.5	−0.039%	$84.1M	$826.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,791.4	+0.010%	$171K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,790.4	−0.042%	$180.3M	$231.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,790.4	−0.045%	$44.0M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.2	−0.057%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.6	−0.088%	$13K	$1.4M	10x	as long as short
Bullet SNDK-USDshort	0.0000%	1h	1,790.4	−0.045%	$14K	$289K	10x
SunX SNDK-USDT	0.0000%	8h	1,789.2	−0.111%	$734	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,790.6	−0.033%	$51K	$345K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.1	−0.064%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790.6	−0.036%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0004%	1h	1,790.5	−0.037%	$697	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.7	+0.026%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.2	−0.002%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	−0.041%	$453K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.489%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.9	−0.128%	$278K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0044%	1h	1,791.2	long leg	$130K	$352K	20x
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.3	−0.052%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.5	−0.039%	$247K	$648K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,790.4	−0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,790.8	−0.022%	$118.0M	$148.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790	−0.067%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,790.2	−0.056%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.1	−0.061%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.1	−0.062%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,790.7	−0.027%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.7	−0.087%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.2	−0.056%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0346%	4h	1,789.1	−0.120%	$568K	$353K	10x	as long as short