Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h −0.004%

Price spread now: Aster against Nado+0.035%7-day average −0.013% · 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−$22as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.051%+$5 on $10k

Price spread, last 7 days+0.120%+$12 · spread now +0.035%, 7d avg −0.013%

Together, before fees+0.170%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.049% dearer against Nado than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.013%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 4 days funding on this pair paid +0.051%, 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	Nado SNDK-PERP	1,759	0.0013	pay 0.0002% / 1h	1m 17s	$336K	$1.5M	10x
Short	Aster SNDKUSD1	1,759.6	0	get 0.0000% / 8h	7h 01m	$21.4M	$32.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$2.81
Price spread: +0.035% → −0.013%: $4.87
Slippage, 4 orders: −$11.54
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.48
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Aster: 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 Nado live order book, 2 min ago	0.28 bp	6.8 bp −$7	18.2 bp −$182	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.11 bp	5.1 bp −$5	9.0 bp −$90	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	−0.0142%	8h	1,759.6	+0.032%	$49.5M	$168.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,758.4	−0.034%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,759.7	+0.039%	$1.4M	$9.4M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,759.6	+0.035%	$21.4M	$32.5M	20x
Binance SNDKUSDT	0.0000%	8h	1,759.5	+0.030%	$279.5M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.8	+0.046%	$31.9M	$105.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.7	+0.041%	$82.2M	$826.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,759	0.000%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.4	+0.023%	$180.3M	$222.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,758.4	−0.033%	$2.5M	$4.8M	—	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	1,758.7	−0.013%	$21K	$2.3M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,757.5	−0.084%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759.4	+0.024%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.9	+0.050%	$987	$3.2M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.5	+0.031%	$51K	$358K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,757.3	−0.097%	$1.4M	$9.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,758.9	−0.003%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERPlong	+0.0013%	1h	1,759	long leg	$336K	$1.5M	10x
Aftermath Perps SNDKUSD	+0.0015%	1h	1,758.2	−0.046%	$672	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0017%	8h	1,758.9	−0.003%	$6.1M	$22.6M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.4	+0.079%	$1.7M	$16.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.7	+0.039%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.4	+0.027%	$389K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.330%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.9	−0.002%	$270K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0040%	1h	1,759.2	+0.014%	—	$573K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.1	+0.064%	$242K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.9	+0.052%	$119.4M	$159.3M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,758.6	−0.022%	$4.5M	$19.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,759.4	+0.024%	$186K	$130K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,757.6	−0.078%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,759	+0.004%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.1	+0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,759.4	+0.026%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.6	+0.036%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759	+0.003%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,758.7	−0.015%	$440K	$2.1M	10x	as long as short
SoDEX SNDK-USD	+0.0138%	1h	1,759.2	+0.012%	$719K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0256%	4h	1,759.1	+0.005%	$559K	$349K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,760.1	+0.064%	$128K	$336K	20x	as long as short