Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.002%

Price spread now: Nado against Bitget+0.094%7-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−$19as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 7 days−0.251%−$25 · spread now +0.094%, 7d avg +0.011%

Together, before fees−0.309%+ Points / potential airdropNado: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.083% dearer against Bitget than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.011%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SNDKUSDT	1,788.8	0	get 0.0000% / 8h	4h 37m	$43.8M	$161.7M	75x
Short	Nado SNDK-PERP	1,790.4	−0.0106	pay 0.0013% / 1h	37m 33s	$311K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.094%Rate

Funding earned: −$22.16
Price spread: +0.094% → +0.011%: $8.25
Slippage, 4 orders: −$8.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.52
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Nado: live order book, 1 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 Bitget live order book, 2 min ago	0.25 bp	7.7 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.28 bp	6.1 bp −$6	12.8 bp −$128	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	1,789.4	+0.033%	$4.1M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0106%	1h	1,789.2	+0.024%	$4.9M	$19.9M	10x	as long as short
Nado SNDK-PERPshort	−0.0106%	1h	1,790.4	+0.094%	$311K	$1.5M	10x
Phoenix SNDK	−0.0089%	1h	1,789.4	+0.035%	$279K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0033%	1h	1,789	+0.015%	$1.5M	$13.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0032%	1h	1,785.7	−0.172%	$439K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.4	+0.036%	$21.8M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.1	+0.017%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.6	+0.044%	$32.6M	$100.1M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.7	−0.004%	$84.8M	$826.1M	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	1,790.5	+0.099%	$170K	$1.7M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789.5	+0.041%	$180.1M	$230.8M	75x	as long as short
Bitget SNDKUSDTlong	0.0000%	8h	1,788.8	long leg	$43.8M	$161.7M	75x
Variational Omni SNDK	0.0000%	8h	1,789.7	+0.054%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,790	+0.070%	$20K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,788.8	+0.002%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.1	−0.040%	$781	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	+0.024%	$51K	$344K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,788.6	−0.012%	$1.4M	$10.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789	+0.012%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,789.5	+0.042%	$666	$38K	5x	as long as short
KuCoin SNDKUSDTM	+0.0013%	8h	1,788.1	−0.037%	$6.1M	$22.3M	20x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.7	+0.105%	$1.7M	$15.7M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.3	+0.085%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	+0.048%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.626%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.6	−0.012%	$273K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0044%	1h	1,789.5	+0.043%	$130K	$352K	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,788.9	+0.008%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.2	+0.024%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.6	+0.046%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,789.1	+0.018%	$115.2M	$146.3M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,788.4	−0.021%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789	+0.013%	$731K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.1	+0.018%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.003%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.6	+0.048%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.4	+0.037%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.1	−0.039%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0610%	4h	1,789	+0.013%	$568K	$352K	10x	as long as short