Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.002%

Price spread now: Nado against KuCoin−0.093%51s7-day average +0.041% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.364% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.093%, 7d avg +0.041%

Together, before fees−0.127%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.134% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of +0.041%). If the spread goes back, that is −$13 on $10k: about 11 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,765.5	−0.0049	get 0.0049% / 8h	3h 07m	$6.1M	$22.1M	20x
Short	Nado SNDK-PERP	1,763.9	−0.0008	pay 0.0001% / 1h	7m 40s	$339K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.093%Rate

Funding earned: $8.6
Price spread: −0.093% → +0.041%: −$13.42
Slippage, 4 orders: −$17.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.21
Costs to cover: 0.364%
Break-even: 40.5 days

Slippage from KuCoin: live order book, 6 min ago; Nado: live order book, 1 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 KuCoin live order book, 6 min ago	1.55 bp	12.5 bp −$13	39.4 bp −$394	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.28 bp	7.0 bp −$7	17.0 bp −$170	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	1,763.4	−0.118%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTMlong	−0.0049%	8h	1,765.5	long leg	$6.1M	$22.1M	20x
Entropy io:SNDK	−0.0033%	1h	1,766.1	+0.032%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,765.7	+0.012%	$1.4M	$11.9M	10x	as long as short
Nado SNDK-PERPshort	−0.0008%	1h	1,763.9	−0.093%	$339K	$1.5M	10x
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,765.6	+0.005%	$429K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,766.6	+0.060%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,766.1	+0.031%	$280.1M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,766	+0.027%	$31.8M	$102.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,765.9	+0.021%	$82.0M	$826.9M	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	1,766.9	+0.076%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,765.6	+0.005%	$176.5M	$231.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,765.9	+0.022%	$44.2M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,766.5	+0.053%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.9	−0.093%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,765.4	−0.007%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,765.4	−0.007%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.4	−0.120%	$873	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,765	−0.031%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766	+0.024%	$2.8M	$1.1M	50x	as long as short
edgeX SNDKUSDC	+0.0008%	4h	1,764.2	−0.073%	$560K	$352K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,768	+0.138%	$658	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0028%	1h	1,760.2	−0.300%	—	$582K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,766.2	+0.037%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,765.6	+0.002%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,765.5	0.000%	$425K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.950%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.4	−0.010%	$263K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,766.3	+0.044%	$243K	$654K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,765.4	−0.010%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,765.3	−0.013%	$116.8M	$152.9M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.7	−0.104%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.1	−0.080%	$721K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.6	+0.004%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,765.7	+0.009%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,765.6	+0.006%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,770.3	+0.268%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,765.2	−0.021%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,765.7	+0.010%	$128K	$355K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0152%	1h	1,766.2	+0.040%	$51K	$346K	10x	as long as short