Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.028%

Price spread now: Nado against Orderly+0.036%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Nado is 0.036% dearer against Orderly than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SNDK_USDC_mythos	1,761.4	0.0100	pay 0.0100% / 8h	16m 45s	$8K	$3K	20x
Short	Nado SNDK-PERP	1,762.1	−0.0008	pay 0.0001% / 1h	16m 45s	$330K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now +0.036%Rate

Funding earned: −$22.66
Price spread: +0.036% → 0.000%: $3.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$32.03
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 2 min ago	0.28 bp	5.8 bp −$6	18.5 bp −$185	doesn't fit	doesn't fit

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
Bitget SNDKUSDT	−0.0263%	8h	1,762.7	+0.073%	$48.3M	$165.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.6	+0.009%	$4.0M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0010%	8h	1,761.6	+0.012%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERPshort	−0.0008%	1h	1,762.1	+0.036%	$330K	$1.5M	10x
QFEX SNDK-USD	−0.0001%	1h	1,761.8	+0.023%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.6	+0.067%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.3	+0.049%	$280.2M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.6	+0.067%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.1	+0.039%	$82.3M	$833.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.9	+0.083%	$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	1,762.6	+0.066%	$179.4M	$229.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760.4	−0.055%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.2	+0.044%	$26K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.9	+0.027%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762	+0.033%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762	+0.032%	$888	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.8	+0.022%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.6	+0.009%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.1	+0.037%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.6	+0.009%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,760	−0.081%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.1	+0.098%	$1.8M	$16.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.6	+0.066%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.6	+0.009%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.188%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.047%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.1	+0.039%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.4	+0.056%	$119.8M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.5	+0.005%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,761.1	−0.018%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.9	+0.024%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762	+0.033%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762	+0.033%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.4	+0.001%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.1	+0.040%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.5	+0.062%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythoslong	+0.0100%	8h	1,761.4	long leg	$8K	$3K	20x
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.1	−0.078%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.3	+0.050%	$127K	$338K	20x	as long as short
edgeX SNDKUSDC	+0.0479%	4h	1,761.8	+0.022%	$560K	$351K	10x	as long as short