Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.0% APRpaid last 24h −0.002%

Price spread now: Bybit against Nado+0.054%7-day average −0.006% · 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−$23as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.067%+$7 on $10k

Price spread, last 7 days+0.088%+$9 · spread now +0.054%, 7d avg −0.006%

Together, before fees+0.156%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.061% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SNDK-PERP	1,761.1	−0.0010	get 0.0001% / 1h	20m 10s	$330K	$1.5M	10x
Short	Bybit SNDKUSDT	1,762.1	0	get 0.0000% / 8h	20m 10s	$31.8M	$103.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: $2.01
Price spread: +0.054% → −0.006%: $6.08
Slippage, 4 orders: −$10.67
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.58
Costs to cover: 0.287%
Break-even: 78.6 days

Slippage from Nado: live order book, 3 min ago; Bybit: 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 Nado live order book, 3 min ago	0.28 bp	6.7 bp −$7	18.2 bp −$182	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.23 bp	8.1 bp −$8	10.5 bp −$105	29.3 bp −$2,928	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	−0.0275%	8h	1,762	+0.054%	$48.2M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.1	−0.002%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0014%	8h	1,760.9	−0.013%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERPlong	−0.0010%	1h	1,761.1	long leg	$330K	$1.5M	10x
QFEX SNDK-USD	−0.0001%	1h	1,760.9	−0.013%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762	+0.050%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.8	+0.042%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,762.1	+0.054%	$31.8M	$103.6M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.7	+0.035%	$82.3M	$833.8M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.060%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,761.6	+0.026%	$178.1M	$228.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760.4	−0.037%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.7	−0.077%	$24K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	−0.005%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.7	+0.035%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.1	0.000%	$872	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.7	+0.035%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.9	−0.010%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.6	+0.027%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,761.3	+0.014%	$723	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759	−0.120%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.5	+0.080%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762	+0.052%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	+0.037%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.207%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.7	−0.080%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.6	+0.029%	$242K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.6	+0.029%	$119.7M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.5	−0.034%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.5	−0.034%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.3	+0.014%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.1	−0.001%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.5	−0.034%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.5	+0.024%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761	−0.005%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.2	−0.052%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	−0.010%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.1	−0.059%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.2	+0.063%	$127K	$338K	20x	as long as short
edgeX SNDKUSDC	+0.0444%	4h	1,758.8	−0.132%	$559K	$350K	10x	as long as short