Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.009%

Price spread now: Nado against Phemex+0.030%7-day average +0.020% · 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−$63as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.030%, 7d avg +0.020%

Together, before fees−0.014%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,770.3	0	get 0.0000% / 8h	1h 46m	$2.8M	$961K	50x
Short	Nado SNDK-PERP	1,770.9	0.0068	get 0.0008% / 1h	46m 49s	$309K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now +0.030%Rate

Funding earned: $14.21
Price spread: +0.030% → +0.020%: $1
Slippage, 4 orders: −$44.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.38
Costs to cover: 0.636%
Break-even: 30.8 days

Slippage from Phemex: live order book, 2 min ago; Nado: 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 Phemex live order book, 2 min ago	1.55 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.28 bp	6.6 bp −$7	14.8 bp −$148	doesn't fit	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
BloFin SNDK-USDT	−0.0120%	8h	1,770.1	−0.016%	$4.1M	$4.5M	75x	as long as short
QFEX SNDK-USD	−0.0007%	1h	1,770.8	+0.025%	$2.2M	$21.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,771.1	+0.045%	$21.8M	$39.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.2	−0.008%	$286.5M	$1.89B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.9	+0.029%	$31.7M	$105.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.3	−0.002%	$87.7M	$845.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,770.5	+0.008%	$183.2M	$241.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,770.6	+0.014%	$49.6M	$171.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,771.6	+0.072%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.6	+0.073%	$20K	$1.0M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,771.4	+0.060%	$276K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.3	−0.002%	$13K	$294K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.5	+0.010%	$945	$4.0M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.8	+0.028%	$49K	$241K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.5	+0.007%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,770.3	long leg	$2.8M	$961K	50x
Aftermath Perps SNDKUSD	+0.0007%	1h	1,771	+0.035%	$725	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0015%	1h	1,772.1	+0.097%	$162K	$1.8M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.3	+0.055%	$1.5M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.6	+0.016%	$1.4M	$10.2M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.5	+0.009%	$410K	$1.8M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.673%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,770.6	+0.016%	$282K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770	−0.020%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.9	+0.032%	$244K	$672K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,770.4	+0.003%	$112.7M	$152.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,770.1	−0.014%	$4.5M	$20.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,770.7	+0.020%	$196K	$90K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,770.3	−0.002%	$724K	$550K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.9	+0.032%	$1.4M	$4.8M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.9	+0.029%	—	—	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0056%	1h	1,773.3	+0.167%	$438K	$2.4M	10x	as long as short
Nado SNDK-PERPshort	+0.0068%	1h	1,770.9	+0.030%	$309K	$1.3M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,770.3	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771.1	+0.043%	$213K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,770.6	+0.014%	$6.0M	$22.8M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,771.5	+0.068%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.1	−0.016%	$8K	$2K	20x	as long as short
edgeX SNDKUSDC	+0.0202%	4h	1,771.5	+0.064%	$563K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0386%	1h	1,771	+0.036%	$129K	$415K	20x	as long as short