Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.005%

Price spread now: Nado against Bybit+0.086%49s7-day average +0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.281% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.086%, 7d avg +0.007%

Together, before fees−0.124%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.080% dearer against Bybit than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.007%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 3 days (−0.066% in total) that is about 3.9 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SNDKUSDT	1,786.3	0	get 0.0000% / 8h	6h 13m	$32.0M	$99.9M	100x
Short	Nado SNDK-PERP	1,787.8	−0.0031	pay 0.0004% / 1h	13m 45s	$360K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.086%Rate

Funding earned: −$6.59
Price spread: +0.086% → +0.007%: $7.95
Slippage, 4 orders: −$10.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.69
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Nado: live order book, 5 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 Bybit live order book, 5 min ago	0.31 bp	8.3 bp −$8	11.2 bp −$112	31.4 bp −$3,143	doesn't fit
Sell Nado live order book, 5 min ago	0.28 bp	5.7 bp −$6	17.5 bp −$175	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	−0.0186%	1h	1,786.7	+0.024%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.5	−0.044%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0032%	1h	1,786.2	−0.004%	$4.9M	$20.5M	10x	as long as short
Nado SNDK-PERPshort	−0.0031%	1h	1,787.8	+0.086%	$360K	$1.4M	10x
QFEX SNDK-USD	−0.0024%	1h	1,786.4	+0.004%	$1.7M	$16.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0015%	1h	1,786	−0.016%	$114.4M	$146.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.6	+0.016%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.2	−0.003%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,786.3	long leg	$32.0M	$99.9M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.2	−0.004%	$85.5M	$828.5M	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	1,786.7	+0.024%	$180.9M	$232.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.3	+0.002%	$43.9M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,785.4	−0.052%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,784.3	−0.111%	$16K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786.9	+0.035%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,786	−0.013%	$723	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786.5	+0.011%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	+0.018%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,786.4	+0.005%	$665	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.9	+0.035%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.8	+0.027%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.7	+0.022%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.766%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.4	−0.104%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,786.3	−0.001%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0047%	8h	1,785.7	−0.031%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.6	+0.018%	$246K	$645K	20x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,786.3	+0.001%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,786.3	0.000%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786	−0.016%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.4	+0.008%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784.9	−0.076%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,786.3	0.000%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.2	−0.058%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.3	−0.053%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,786.1	−0.012%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0131%	1h	1,787.4	+0.061%	$130K	$357K	20x	as long as short
edgeX SNDKUSDC	+0.0227%	4h	1,783.9	−0.135%	$567K	$353K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,787.3	+0.058%	$170K	$1.8M	20x	as long as short