SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0141%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h −0.074%

Price spread now: QFEX against Kraken Futures−0.081%7-day average −0.014% · 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−$48as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Kraken Futures Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.286%−$29 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.081%, 7d avg −0.014%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and QFEX is 0.067% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,768.4	0.0122	pay 0.0015% / 1h	4m 17s	$128K	$355K	20x
Short	QFEX SNDK-USD	1,766.9	−0.0019	pay 0.0002% / 1h	4m 17s	$1.4M	$11.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$29.61
Price spread: −0.081% → −0.014%: −$6.71
Slippage, 4 orders: −$21.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$77.35
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 48 min ago; QFEX: live order book, 5 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, 48 min ago	2.52 bp	17.0 bp −$17	47.3 bp −$473	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	0.43 bp	6.4 bp −$6	8.1 bp −$81	12.4 bp −$1,237	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	−0.106%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,767.9	−0.028%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0029%	1h	1,766.4	−0.111%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USDshort	−0.0019%	1h	1,766.9	−0.081%	$1.4M	$11.9M	10x
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767.2	−0.065%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,767.8	−0.030%	$340K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.8	+0.025%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.4	+0.002%	$280.5M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.7	+0.021%	$31.8M	$102.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.7	+0.019%	$82.0M	$828.8M	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	1,768.4	+0.001%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,767.8	−0.029%	$177.4M	$231.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,768.3	−0.002%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	−0.032%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,765.5	−0.164%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	−0.043%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768	−0.020%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.4	−0.055%	$774	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.8	−0.033%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768.4	+0.003%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.233%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,767.8	−0.034%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0022%	1h	1,764.3	−0.231%	—	$591K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,769.1	+0.041%	$1.8M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.5	+0.005%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.3	−0.004%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.787%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.140%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,767.5	−0.049%	$244K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,766.9	−0.084%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.1	−0.015%	$117.2M	$153.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.3	−0.060%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.3	−0.058%	$722K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.9	−0.082%	$1.4M	$5.1M	5x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0078%	1h	1,768.3	−0.001%	$51K	$346K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.9	−0.028%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,767	−0.077%	$197K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,765.9	−0.138%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.1	−0.070%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0122%	1h	1,768.4	long leg	$128K	$355K	20x