Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.044%

Price spread now: BloFin against Nado−0.072%7-day average −0.026% · 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−$29as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.072%, 7d avg −0.026%

Together, before fees−0.037%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.046% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SNDK-PERP	1,761.3	0.0024	pay 0.0003% / 1h	28m 35s	$328K	$1.5M	10x
Short	BloFin SNDK-USDT	1,760.1	−0.0120	pay 0.0120% / 8h	1h 28m	$3.9M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$30.29
Price spread: −0.072% → −0.026%: −$4.55
Slippage, 4 orders: −$5.6
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.44
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	0.28 bp	6.3 bp −$6	19.1 bp −$191	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.06 bp	6.3 bp −$6	8.0 bp −$80	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	−0.0370%	8h	1,760.8	−0.028%	$47.9M	$166.2M	75x	as long as short
BloFin SNDK-USDTshort	−0.0120%	8h	1,760.1	−0.072%	$3.9M	$4.6M	75x
KuCoin SNDKUSDTM	−0.0012%	8h	1,759.9	−0.084%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.4	−0.052%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.4	+0.005%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.6	−0.043%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.9	−0.028%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.8	−0.030%	$82.3M	$835.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,761.6	+0.016%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.5	−0.050%	$177.2M	$230.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,759	−0.131%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.8	−0.087%	$10K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.9	−0.138%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.3	−0.059%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.6	−0.041%	$998	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.3	−0.057%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.7	−0.092%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.8	−0.029%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,758	−0.187%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759.3	−0.116%	$655	$38K	5x	as long as short
Nado SNDK-PERPlong	+0.0024%	1h	1,761.3	long leg	$328K	$1.5M	10x
Lighter SNDK	+0.0032%	1h	1,761.7	+0.022%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.9	−0.022%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.5	−0.046%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.193%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,758.6	−0.153%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.9	−0.025%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.5	−0.047%	$118.4M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.9	−0.081%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.1	−0.070%	$185K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.1	−0.072%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.5	−0.049%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.8	−0.030%	$1.3M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.9	−0.079%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.7	−0.036%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760	−0.076%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.9	−0.083%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.021%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,760.7	−0.036%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0890%	4h	1,758.6	−0.155%	$559K	$353K	10x	as long as short