Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.077%

Price spread now: Kraken Futures against OKX−0.017%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.729%+$73 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.017%, 7d avg +0.014%

Together, before fees+0.719%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.014%). 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 (+0.729% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,769.7	0	get 0.0000% / 8h	2h 10m	$82.2M	$834.4M	75x
Short	Kraken Futures PF_SNDKUSD	1,769.4	0.0121	get 0.0015% / 1h	10m 15s	$127K	$347K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.017%Rate

Funding earned: $25.5
Price spread: −0.017% → +0.014%: −$3.13
Slippage, 4 orders: −$21.26
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.88
Costs to cover: 0.413%
Break-even: 12.2 days

Slippage from OKX: live order book, 4 min ago; Kraken Futures: live order book, 38 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 OKX live order book, 4 min ago	0.28 bp	5.8 bp −$6	7.1 bp −$71	13.3 bp −$1,331	doesn't fit
Sell Kraken Futures live order book, 38 min ago	2.83 bp	18.0 bp −$18	44.4 bp −$444	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
Bitget SNDKUSDT	−0.0310%	8h	1,768.7	−0.057%	$47.0M	$164.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	−0.075%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0031%	8h	1,768	−0.095%	$6.1M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.9	−0.105%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770	+0.016%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,769.4	−0.014%	$280.9M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,769.5	−0.012%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,769.7	long leg	$82.2M	$834.4M	75x
RISEx SNDK/USDC	0.0000%	1h	1,769.3	−0.023%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768.7	−0.058%	$176.3M	$231.7M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.131%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.451%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.452%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	−0.057%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.2	−0.028%	$879	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.1	−0.032%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769	−0.041%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769	−0.042%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,768.5	−0.065%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,766.2	−0.196%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.3	−0.305%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	−0.096%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,769.6	−0.006%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,768.3	−0.077%	$437K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.710%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,764.2	−0.312%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	−0.068%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,768.5	−0.068%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,765.9	−0.215%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767.5	−0.124%	$185K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,767.6	−0.118%	$723K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768.3	−0.079%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,767.8	−0.107%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.024%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,770.4	+0.037%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.6	−0.062%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.318%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	−0.292%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.4	−0.072%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDshort	+0.0121%	1h	1,769.4	−0.017%	$127K	$347K	20x