Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.002%

Price spread now: Nado against Aster−0.008%7-day average +0.013% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 7 days+0.055%+$5 · spread now −0.008%, 7d avg +0.013%

Together, before fees+0.002%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.021% cheaper against Aster than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.013%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SNDKUSD1	1,775	0	get 0.0000% / 8h	1h 20m	$21.9M	$46.2M	20x
Short	Nado SNDK-PERP	1,774.8	0.0092	get 0.0011% / 1h	20m 03s	$385K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.008%Rate

Funding earned: $19.29
Price spread: −0.008% → +0.013%: −$2.15
Slippage, 4 orders: −$10.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$8.59
Costs to cover: 0.257%
Break-even: 10.1 days

Slippage from Aster: live order book, 4 min ago; Nado: live order book, 4 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 Aster live order book, 4 min ago	2.00 bp	7.5 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.28 bp	6.9 bp −$7	17.1 bp −$171	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	1,774	−0.059%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0035%	1h	1,774	−0.056%	$4.5M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,774	−0.054%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1long	0.0000%	8h	1,775	long leg	$21.9M	$46.2M	20x
Binance SNDKUSDT	0.0000%	8h	1,774.5	−0.030%	$285.3M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,774.6	−0.023%	$31.8M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,774.3	−0.039%	$87.5M	$842.5M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,774.2	−0.046%	$183.2M	$241.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,774.4	−0.034%	$49.6M	$169.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.8	−0.066%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,774.7	−0.016%	$21K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,774.3	−0.039%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,774.2	−0.042%	$14K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.1	−0.053%	$387	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,774.6	−0.020%	$49K	$259K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,774.3	−0.038%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,774.1	−0.049%	$2.8M	$980K	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774.2	−0.043%	$786	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,775.5	+0.030%	$167K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,775.1	+0.003%	$1.5M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,774.5	−0.025%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,774.5	−0.027%	$410K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.407%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.8	−0.069%	$284K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,774.2	−0.043%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,774.3	−0.039%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,774.3	−0.039%	$113.0M	$151.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,774	−0.056%	$197K	$89K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,774.1	−0.050%	$725K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,774.4	−0.036%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.3	−0.095%	$1.4M	$4.9M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,774.8	−0.012%	$441K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,774	−0.055%	$1K	—	10x	as long as short
Nado SNDK-PERPshort	+0.0092%	1h	1,774.8	−0.008%	$385K	$1.4M	10x
Pacifica SNDK	+0.0100%	1h	1,774.4	−0.031%	$213K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,773.8	−0.069%	$6.0M	$22.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,774.4	−0.033%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.1	−0.052%	$8K	$2K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0385%	1h	1,774.8	−0.010%	$129K	$413K	20x	as long as short
edgeX SNDKUSDC	+0.0941%	4h	1,774.6	−0.025%	$564K	$354K	10x	as long as short