Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.032%

Price spread now: Orderly against Nado+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.055% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SNDK-PERP	1,771.2	−0.0026	get 0.0003% / 1h	21m 36s	$347K	$1.5M	10x
Short	Orderly PERP_SNDK_USDC_mythos	1,772.2	0.0100	get 0.0100% / 8h	3h 21m	$8K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.055%Rate

Funding earned: $26.53
Price spread: +0.055% → 0.000%: $5.55
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $19.08
Costs to cover: 0.130%
Break-even: 2.0 days

Slippage unknown: Nado: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	5.8 bp −$6	17.1 bp −$171	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,770.2	−0.061%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0064%	1h	1,773.2	+0.111%	$4.8M	$19.8M	10x	as long as short
KuCoin SNDKUSDTM	−0.0047%	8h	1,773.3	+0.118%	$6.1M	$22.0M	20x	as long as short
Nado SNDK-PERPlong	−0.0026%	1h	1,771.2	long leg	$347K	$1.5M	10x
QFEX SNDK-USD	−0.0019%	1h	1,769.7	−0.089%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,771.7	+0.028%	$434K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,774.2	+0.166%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,773.4	+0.124%	$281.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,773.5	+0.126%	$31.9M	$102.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,773.2	+0.111%	$82.2M	$827.0M	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	1,773.5	+0.129%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,773.3	+0.114%	$176.8M	$230.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,773.4	+0.122%	$44.4M	$162.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.1	+0.160%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	−0.001%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	+0.026%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.6	+0.077%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,772	+0.045%	$684	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,773.6	+0.133%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772	+0.041%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,773.1	+0.107%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,773.8	+0.147%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,774.3	+0.172%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.9	+0.148%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,772.8	+0.085%	$436K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.622%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,771.8	+0.030%	$264K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.8	−0.136%	—	$579K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.5	−0.042%	$244K	$653K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.8	+0.086%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,773.4	+0.122%	$117.3M	$152.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,771.1	−0.008%	$186K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.9	−0.020%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,773.2	+0.111%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.8	+0.089%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,773.5	+0.129%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	+0.314%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythosshort	+0.0100%	8h	1,772.2	+0.055%	$8K	$3K	20x
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,772.8	+0.089%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0410%	4h	1,777	+0.327%	$564K	$351K	10x	as long as short