Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0021%/8h= +2.2% APRpaid last 24h +0.005%

Price spread now: Phemex against Nado−0.084%7-day average −0.021% · 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−$68as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.084%, 7d avg −0.021%

Together, before fees+0.058%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.063% cheaper against Nado than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.021%). If the spread goes back, that is −$6 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.044% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SNDK-PERP	1,785.7	−0.0021	get 0.0003% / 1h	19m 44s	$360K	$1.4M	10x
Short	Phemex SNDKUSDT	1,784.2	0	get 0.0000% / 8h	6h 19m	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.084%Rate

Funding earned: $4.31
Price spread: −0.084% → −0.021%: −$6.34
Slippage, 4 orders: −$42.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$63.89
Costs to cover: 0.619%
Break-even: 110.7 days

Slippage from Nado: live order book, 4 min ago; Phemex: 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, 4 min ago	0.28 bp	6.9 bp −$7	21.2 bp −$212	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.24 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0176%	1h	1,784.4	−0.071%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,787.5	+0.102%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0037%	1h	1,785.4	−0.016%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.3	−0.077%	$1.7M	$16.5M	10x	as long as short
Nado SNDK-PERPlong	−0.0021%	1h	1,785.7	long leg	$360K	$1.4M	10x
tradeXYZ xyz:SNDK	−0.0006%	1h	1,784.3	−0.078%	$114.3M	$146.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.8	+0.004%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,784.4	−0.072%	$285.8M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,784.8	−0.050%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.7	−0.055%	$85.6M	$828.3M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,784.5	−0.068%	$180.7M	$232.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,784.4	−0.074%	$44.0M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.090%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.053%	$13K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.7	−0.055%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,783.9	−0.098%	$838	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,783.9	−0.100%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDTshort	0.0000%	8h	1,784.2	−0.084%	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0004%	1h	1,786.8	+0.060%	$701	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,785.5	−0.009%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785	−0.038%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.1	−0.030%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.799%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.9	−0.044%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.6	−0.059%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.5	−0.066%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.3	−0.080%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,784.2	−0.083%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,784.3	−0.079%	$729K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,787.5	+0.102%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784	−0.092%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.2	−0.086%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.4	−0.070%	$198K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.4	−0.018%	$6.1M	$21.5M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787.7	+0.114%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,783.8	−0.107%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,784.8	−0.048%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.5	−0.012%	$164K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0612%	4h	1,786.6	+0.052%	$567K	$352K	10x	as long as short