Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.118%

Price spread now: Nado against edgeX+0.166%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.626%−$63 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.166%, 7d avg +0.031%

Together, before fees−0.831%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.135% dearer against edgeX than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.031%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 3 days (−0.626% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SNDKUSDC	1,770.7	0.0143	pay 0.0072% / 4h	3h 20m	$562K	$352K	10x
Short	Nado SNDK-PERP	1,773.7	−0.0025	pay 0.0003% / 1h	20m 52s	$349K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now +0.166%Rate

Funding earned: −$35.25
Price spread: +0.166% → +0.031%: $13.5
Slippage, 4 orders: −$15.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$52.82
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; Nado: 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 edgeX live order book, 33 min ago	5.04 bp	9.6 bp −$10	11.4 bp −$114	47.1 bp −$4,710	doesn't fit
Sell Nado live order book, 3 min ago	0.28 bp	6.1 bp −$6	13.9 bp −$139	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	1,772.9	+0.123%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0060%	1h	1,772.5	+0.099%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,772.9	+0.119%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERPshort	−0.0025%	1h	1,773.7	+0.166%	$349K	$1.5M	10x
QFEX SNDK-USD	−0.0019%	1h	1,772.9	+0.123%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.188%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.1	+0.134%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.2	+0.083%	$281.7M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.3	+0.087%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,772.1	+0.076%	$82.2M	$826.6M	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	1,773.5	+0.157%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.2	+0.082%	$176.7M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,772.4	+0.092%	$44.3M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,773.3	+0.146%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	+0.027%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	−0.020%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,773.7	+0.164%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772.5	+0.098%	$711	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,773	+0.129%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773	+0.128%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.7	+0.165%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,772.5	+0.101%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.3	+0.085%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.2	+0.081%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.650%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.8	+0.057%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.3	−0.024%	—	$579K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,773.2	+0.138%	$245K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	+0.113%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,771.8	+0.059%	$117.3M	$152.1M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,773.2	+0.138%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,772.4	+0.093%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.2	+0.138%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,773.2	+0.137%	$1K	—	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0083%	1h	1,773.7	+0.168%	$51K	$346K	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.5	+0.157%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.9	+0.064%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.6	+0.107%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,774.2	+0.193%	$128K	$353K	20x	as long as short
edgeX SNDKUSDClong	+0.0143%	4h	1,770.7	long leg	$562K	$352K	10x