Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.002%

Price spread now: Gate against Nado+0.066%50s7-day average −0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.340% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.046%+$5 on $10k

Price spread, last 7 days+0.096%+$10 · spread now +0.066%, 7d avg −0.011%

Together, before fees+0.141%+ Points / potential airdropNado: Active · farm board+$14 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 Gate is 0.078% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 50 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	Nado SNDK-PERP	1,760.5	−0.0011	get 0.0001% / 1h	21m 36s	$330K	$1.5M	10x
Short	Gate SNDK_USDT	1,761.7	0	get 0.0000% / 8h	21m 36s	$177.7M	$228.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: $2.38
Price spread: +0.066% → −0.011%: $7.75
Slippage, 4 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.87
Costs to cover: 0.340%
Break-even: 77.3 days

Slippage from Nado: live order book, 2 min ago; Gate: live order book, 2 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	6.7 bp −$7	18.2 bp −$182	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.57 bp	10.3 bp −$10	15.6 bp −$156	35.2 bp −$3,516	60.1 bp −$30.0K

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	−0.0277%	8h	1,761.8	+0.072%	$48.2M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.9	−0.032%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,760.5	0.000%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERPlong	−0.0011%	1h	1,760.5	long leg	$330K	$1.5M	10x
QFEX SNDK-USD	−0.0001%	1h	1,761.2	+0.042%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762	+0.085%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.5	+0.055%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762	+0.083%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.6	+0.063%	$82.3M	$833.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.093%	$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_USDTshort	0.0000%	8h	1,761.7	+0.066%	$177.7M	$228.6M	75x
Variational Omni SNDK	0.0000%	8h	1,759.4	−0.061%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.7	−0.043%	$24K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.1	−0.022%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761	+0.028%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.2	−0.015%	$1K	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.5	+0.056%	$51K	$354K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.3	−0.122%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761	+0.027%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.8	+0.017%	$723	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,758.3	−0.123%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762.5	+0.117%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762	+0.083%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.3	+0.048%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.242%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.4	−0.062%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.5	+0.057%	$242K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	+0.075%	$119.7M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.4	−0.005%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760	−0.028%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.2	−0.019%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.4	+0.050%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.5	+0.001%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.7	+0.013%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.3	+0.048%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.5	−0.055%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.6	+0.006%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.1	−0.025%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.6	+0.064%	$127K	$338K	20x	as long as short
edgeX SNDKUSDC	+0.0602%	4h	1,759.3	−0.066%	$559K	$350K	10x	as long as short