Funding you earn now, next payment 11:00 UTC−0.0306%/8h= −33.6% APRnext payment −$0.38 per $10,000 · paid last 24h +0.073%
Price spread now: Kraken Futures against Popdex−0.056%7-day average +0.001% · 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−$49as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 4 days (all we have)+0.251%+$25 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.056%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.057% cheaper against Popdex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.251%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex SNDKUSDT | 1,772 | 0.0048 | pay 0.0006% / 1h | 43m 15s | $244K | $699K | 20x |
| Short | Kraken Futures PF_SNDKUSD | 1,771 | −0.0258 | pay 0.0032% / 1h | 43m 15s | $168K | $382K | 20x |
Popdex SNDKUSDT
Kraken Futures PF_SNDKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Popdex. 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
- −$64.35
- Price spread: −0.056% → +0.001%
- −$5.7
- Slippage, 4 orders
- −$27.36
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.81
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 4 min ago; Kraken Futures: live order book, 3 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 Popdex live order book, 4 min ago | 0.85 bp | 4.0 bp −$4 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 2.26 bp | 16.0 bp −$16 | 40.6 bp −$406 | doesn't fit | 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_SNDKUSDshort | −0.0258% | 1h | 1,771 | −0.056% | $168K | $382K | 20x | |
| BloFin SNDK-USDT | −0.0120% | 8h | 1,772.2 | +0.010% | $4.0M | $4.7M | 75x | as long as short |
| QFEX SNDK-USD | −0.0001% | 1h | 1,771.3 | −0.039% | $1.5M | $9.4M | 10x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,772.1 | +0.004% | $21.6M | $32.4M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,772.3 | +0.014% | $283.0M | $1.87B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,772.2 | +0.011% | $31.9M | $107.1M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,772.4 | +0.023% | $82.1M | $842.4M | 75x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,771.8 | −0.009% | $182.6M | $218.7M | 75x | as long as short |
| Bitget SNDKUSDT | 0.0000% | 8h | 1,772.1 | +0.007% | $48.0M | $172.3M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,771.1 | −0.048% | $2.7M | $4.7M | — | as long as short |
BloFin SNDK-USDT
QFEX SNDK-USD
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
Gate SNDK_USDT
Bitget SNDKUSDT
Variational Omni SNDKShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,773.1 | +0.062% | $276K | $188K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,771.6 | −0.023% | $15K | $289K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,771.2 | −0.045% | $864 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,771.1 | −0.052% | $19K | $432K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,771.3 | −0.037% | $1.4M | $9.8M | 50x | as long as short |
| Phemex SNDKUSDT | 0.0000% | 8h | 1,772.3 | +0.015% | $2.8M | $1.1M | 50x | as long as short |
| Aftermath Perps SNDKUSD | +0.0019% | 1h | 1,772.5 | +0.027% | $677 | $38K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,772 | +0.002% | $1.3M | $9.7M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,771.4 | −0.034% | $397K | $2.4M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +1.578% | $36 | $4K | 12x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,771 | −0.055% | $269K | $1.4M | 10x | as long as short |
| Nado SNDK-PERP | +0.0045% | 1h | 1,771.1 | −0.051% | $331K | $1.5M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,771.6 | −0.021% | — | $574K | 10x | as long as short |
| Popdex SNDKUSDTlong | +0.0048% | 1h | 1,772 | long leg | $244K | $699K | 20x | |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,771.7 | −0.017% | $121.7M | $153.1M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,772.1 | +0.006% | $4.5M | $19.2M | 10x | as long as short |
| Polymarket Perps SNDK-USD | +0.0050% | 1h | 1,771.4 | −0.034% | $187K | $115K | 10x | as long as short |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,771.2 | −0.045% | $727K | $525K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,770.7 | −0.073% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0053% | 8h | 1,770.8 | −0.069% | — | — | 5x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,771.5 | −0.030% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,771.6 | −0.024% | $199K | $305K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,771.8 | −0.010% | $6.1M | $23.0M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,772.1 | +0.008% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,771.5 | −0.028% | $8K | $3K | 20x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0148% | 8h | 1,773.8 | +0.103% | $28K | $2.5M | 10x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0152% | 1h | 1,772.4 | +0.023% | $445K | $2.2M | 10x | as long as short |
| Lighter SNDK | +0.0168% | 1h | 1,772.7 | +0.039% | $1.8M | $16.7M | 20x | as long as short |
| edgeX SNDKUSDC | +0.0416% | 4h | 1,771.3 | −0.040% | $563K | $340K | 10x | as long as short |
| RISEx SNDK/USDC | +0.0898% | 1h | 1,773 | +0.056% | $146K | $1.5M | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
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
tradeXYZ xyz:SNDK
Entropy io:SNDK
Polymarket Perps SNDK-USD
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
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
edgeX SNDKUSDC
RISEx SNDK/USDC