Funding you earn now, next payment 04:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.061%
Price spread now: Coinbase International against Kraken Futures+0.143%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days−0.680%−$68 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.143%, 7d avg +0.012%
=The price spread pays, funding is against you. Coinbase International is 0.131% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.012%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.680% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SNDKUSD | 1,764.7 | 0.0123 | pay 0.0015% / 1h | 3m 12s | $128K | $355K | 20x |
| Short | Coinbase International SNDK-PERP-INTX | 1,767.2 | −0.0008 | pay 0.0001% / 1h | 3m 12s | $433K | $2.3M | 10x |
Kraken Futures PF_SNDKUSD
Coinbase International SNDK-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$27.43
- Price spread: +0.143% → +0.012%
- $13.12
- Slippage, 4 orders
- −$26.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$60.68
- Costs to cover
- 0.464%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 50 min ago; Coinbase International: live order book, 1 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, 50 min ago | 2.52 bp | 17.0 bp −$17 | 47.3 bp −$473 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 1.50 bp | 6.9 bp −$7 | 11.8 bp −$118 | 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 | 1,764.5 | −0.012% | $3.9M | $4.4M | 75x | as long as short |
| KuCoin SNDKUSDTM | −0.0048% | 8h | 1,764.6 | −0.004% | $6.1M | $22.1M | 20x | as long as short |
| Entropy io:SNDK | −0.0028% | 1h | 1,766.4 | +0.097% | $4.8M | $19.8M | 10x | as long as short |
| QFEX SNDK-USD | −0.0019% | 1h | 1,763.7 | −0.057% | $1.4M | $11.9M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTXshort | −0.0008% | 1h | 1,767.2 | +0.143% | $433K | $2.3M | 10x | |
| Nado SNDK-PERP | −0.0001% | 1h | 1,764.4 | −0.018% | $337K | $1.5M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,765.4 | +0.040% | $21.5M | $32.3M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,764.5 | −0.012% | $279.7M | $1.83B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,764.5 | −0.013% | $31.7M | $102.5M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,763.8 | −0.050% | $81.8M | $826.8M | 75x | as long as short |
BloFin SNDK-USDT
KuCoin SNDKUSDTM
Entropy io:SNDK
QFEX SNDK-USD
Nado SNDK-PERP
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx SNDK/USDC | 0.0000% | 1h | 1,765.4 | +0.042% | $121K | $1.6M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,763.8 | −0.049% | $176.8M | $231.9M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,764.1 | −0.032% | $44.1M | $162.8M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,767.8 | +0.176% | $2.6M | $4.7M | — | as long as short |
| GRVT SNDK_USDT_Perp | 0.0000% | 8h | 1,766.8 | +0.117% | $10K | $1.6M | 10x | as long as short |
| Phoenix SNDK | 0.0000% | 1h | 1,767.6 | +0.165% | $275K | $193K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,764.4 | −0.014% | $14K | $287K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,766.7 | +0.112% | $814 | $3.6M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,764.7 | +0.001% | $51K | $346K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,763.9 | −0.043% | $1.4M | $10.7M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,764.3 | −0.020% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0012% | 1h | 1,766.9 | +0.126% | $657 | $38K | 5x | as long as short |
| Vest SNDK-USD-PERP | +0.0021% | 1h | 1,762.3 | −0.136% | — | $592K | 10x | as long as short |
| Lighter SNDK | +0.0032% | 1h | 1,765.4 | +0.038% | $1.8M | $16.1M | 20x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,764.8 | +0.006% | $1.3M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,764.2 | −0.028% | $424K | $1.9M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.999% | $36 | $9K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,766 | +0.075% | $262K | $1.5M | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,764.7 | +0.001% | $243K | $655K | 20x | as long as short |
| Paradex SNDK-USD-PERP | +0.0050% | 8h | 1,764.2 | −0.029% | — | — | 5x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,764 | −0.039% | $117.1M | $153.4M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,763.8 | −0.050% | $184K | $132K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,764.6 | −0.005% | $721K | $514K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,765.9 | +0.069% | $1.4M | $5.1M | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,764.3 | −0.019% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,765.8 | +0.061% | $196K | $296K | 10x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,765.9 | +0.069% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,764.1 | −0.031% | $8K | $3K | 20x | as long as short |
| Kraken Futures PF_SNDKUSDlong | +0.0123% | 1h | 1,764.7 | long leg | $128K | $355K | 20x | |
| edgeX SNDKUSDC | +0.0477% | 4h | 1,766.5 | +0.103% | $561K | $353K | 10x | as long as short |
RISEx SNDK/USDC
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDK
GRVT SNDK_USDT_Perp
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
Phemex SNDKUSDT
Aftermath Perps SNDKUSD
Vest SNDK-USD-PERP
Lighter SNDK
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Arcus SNDK-USD
Popdex SNDKUSDT
Paradex SNDK-USD-PERP
tradeXYZ xyz:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Aevo SNDK-PERP
Pacifica SNDK
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
edgeX SNDKUSDC