Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: Gate against Nado−0.056%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.056%, 7d avg −0.012%

Together, before fees+0.078%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.044% cheaper against Nado than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.012%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SNDK-PERP	1,791	−0.0050	get 0.0006% / 1h	0m 31s	$361K	$1.4M	10x
Short	Gate SNDK_USDT	1,790	0	get 0.0000% / 8h	5h 00m	$180.1M	$231.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $10.57
Price spread: −0.056% → −0.012%: −$4.43
Slippage, 4 orders: −$10.36
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.21
Costs to cover: 0.324%
Break-even: 24.4 days

Slippage from Nado: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	0.28 bp	6.4 bp −$6	16.8 bp −$168	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.03 bp	9.5 bp −$10	15.5 bp −$155	33.0 bp −$3,300	58.5 bp −$29.3K

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	1,789.6	−0.080%	$4.1M	$4.4M	75x	as long as short
Phoenix SNDK	−0.0090%	1h	1,789.9	−0.063%	$279K	$193K	15x	as long as short
Entropy io:SNDK	−0.0051%	1h	1,789.9	−0.063%	$4.9M	$20.0M	10x	as long as short
Nado SNDK-PERPlong	−0.0050%	1h	1,791	long leg	$361K	$1.4M	10x
Deribit SNDK_USDC-PERPETUAL	−0.0029%	1h	1,790	−0.060%	$51K	$343K	10x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,789.8	−0.070%	$1.5M	$14.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,789.8	−0.068%	$21.8M	$35.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.8	−0.066%	$287.1M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,790.4	−0.037%	$32.5M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.7	−0.074%	$85.0M	$825.2M	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	1,790.9	−0.006%	$170K	$1.8M	20x	as long as short
Gate SNDK_USDTshort	0.0000%	8h	1,790	−0.056%	$180.1M	$231.7M	75x
Bitget SNDKUSDT	0.0000%	8h	1,789.6	−0.077%	$43.9M	$161.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789	−0.112%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,789.5	−0.084%	$14K	$1.3M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.4	−0.091%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.2	−0.155%	$839	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789	−0.115%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789.8	−0.068%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,790.1	−0.052%	$666	$37K	5x	as long as short
tradeXYZ xyz:SNDK	+0.0009%	1h	1,789.9	−0.063%	$114.8M	$145.8M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,785.7	−0.297%	$439K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,791.1	+0.005%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,790.5	−0.031%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.5	−0.031%	$450K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.499%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,788.4	−0.145%	$313K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	+0.0042%	8h	1,788.9	−0.118%	$6.1M	$22.1M	20x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.5	−0.084%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.9	−0.063%	$246K	$647K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,789.9	−0.060%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789	−0.113%	$188K	$128K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,789.8	−0.070%	$732K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,789.4	−0.090%	$1.4M	$5.1M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,790.1	−0.054%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.2	−0.102%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,789.9	−0.061%	$199K	$287K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.6	−0.078%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,789.1	−0.109%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0142%	4h	1,789.8	−0.069%	$568K	$353K	10x	as long as short