Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.002%

Price spread now: Nado against Gate+0.020%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−$34as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 7 days−0.182%−$18 · spread now +0.020%, 7d avg +0.011%

Together, before fees−0.228%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,762.1	0	get 0.0000% / 8h	48m 23s	$177.4M	$228.1M	75x
Short	Nado SNDK-PERP	1,762.5	−0.0022	pay 0.0003% / 1h	48m 23s	$328K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now +0.020%Rate

Funding earned: −$4.57
Price spread: +0.020% → +0.011%: $0.87
Slippage, 4 orders: −$12.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38.24
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Gate: live order book, 6 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 Gate live order book, 6 min ago	0.48 bp	10.7 bp −$11	26.2 bp −$262	41.3 bp −$4,129	63.7 bp −$31.9K
Sell Nado live order book, 5 min ago	0.28 bp	5.9 bp −$6	17.8 bp −$178	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
Bitget SNDKUSDT	−0.0318%	8h	1,761.5	−0.037%	$48.4M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762.2	+0.007%	$4.0M	$4.6M	75x	as long as short
Nado SNDK-PERPshort	−0.0022%	1h	1,762.5	+0.020%	$328K	$1.5M	10x
KuCoin SNDKUSDTM	−0.0014%	8h	1,761.6	−0.029%	$6.0M	$22.4M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,762	−0.005%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.2	+0.003%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.6	−0.028%	$279.7M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762	−0.010%	$31.7M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.1	−0.058%	$82.4M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,763.1	+0.054%	$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_USDTlong	0.0000%	8h	1,762.1	long leg	$177.4M	$228.1M	75x
Variational Omni SNDK	0.0000%	8h	1,758.6	−0.202%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.1	−0.171%	$10K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	−0.120%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.2	+0.004%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.3	−0.049%	$884	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.1	+0.001%	$51K	$352K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.9	−0.072%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.5	+0.023%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,760.6	−0.088%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,759.1	−0.169%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.2	+0.058%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.5	+0.019%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.3	+0.009%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.147%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.7	−0.137%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.4	−0.041%	$242K	$653K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.2	−0.052%	$119.1M	$159.2M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.2	−0.052%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.2	−0.109%	$185K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,760.6	−0.087%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,762.1	−0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.2	+0.005%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.9	−0.011%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.3	+0.012%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.5	−0.148%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762	−0.007%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.5	+0.019%	$431K	$2.2M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,762.7	+0.033%	$127K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0629%	4h	1,758.5	−0.204%	$559K	$351K	10x	as long as short