Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0050%/8hpaid last 24h −0.004%

Price spread now: Aster against Nado+0.029%48s7-day average −0.012% · 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−$280.276% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.055%+$5 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.029%, 7d avg −0.012%

Together, before fees+0.074%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.041% dearer against Nado than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.012%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 3 days funding on this pair paid +0.055%, so the current rate has only just turned against you. The two prices were read 48 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	Nado SNDK-PERP	1,746.2	0.0050	pay 0.0006% / 1h	23m 46s	$350K	$1.2M	10x
Short	Aster SNDKUSD1	1,746.7	0	get 0.0000% / 8h	4h 23m	$21.5M	$40.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$10.6
Price spread: +0.029% → −0.012%: $4.08
Slippage, 4 orders: −$12.58
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.1
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Aster: 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 Nado live order book, 4 min ago	0.29 bp	6.4 bp −$6	13.7 bp −$137	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.77 bp	6.4 bp −$6	9.5 bp −$95	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	1,746.8	+0.032%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,744.8	−0.081%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0023%	1h	1,747.3	+0.062%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,746.6	+0.023%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,746.7	+0.029%	$21.5M	$40.1M	20x
Binance SNDKUSDT	0.0000%	8h	1,747.4	+0.066%	$284.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,747.9	+0.098%	$32.0M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,748.4	+0.125%	$88.7M	$799.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,747.3	+0.064%	$126K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,746.6	+0.024%	$189.0M	$237.8M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,748.2	+0.111%	$50.3M	$164.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.073%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,750.3	+0.235%	$11K	$826K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,746.7	+0.030%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,745.8	−0.025%	$934	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,745.7	−0.031%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,746.6	+0.023%	$2.8M	$809K	50x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0019%	1h	1,746.7	+0.025%	$48K	$188K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,747.7	+0.084%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,747.4	+0.070%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,746	−0.012%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	+0.021%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+3.078%	$36	$19K	12x	as long as short
Aftermath Perps SNDKUSD	+0.0035%	1h	1,748.7	+0.140%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,746	−0.015%	$295K	$1.7M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,745.6	−0.034%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,746.5	+0.016%	$240K	$635K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,747.1	+0.049%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,747.2	+0.056%	$108.7M	$142.6M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,746.3	+0.005%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,745.9	−0.020%	$714K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,746	−0.012%	$1.4M	$4.2M	5x	as long as short
Nado SNDK-PERPlong	+0.0050%	1h	1,746.2	long leg	$350K	$1.2M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,746.5	+0.017%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,747.5	+0.074%	$193K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,747.3	+0.060%	$6.1M	$21.3M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,750.2	+0.229%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,746.4	+0.008%	$8K	$1K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0482%	1h	1,747	+0.043%	$129K	$380K	20x	as long as short
edgeX SNDKUSDC	+0.0944%	4h	1,745.7	−0.028%	$552K	$344K	10x	as long as short