Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0022%/8hnext payment −$0.03 per $10,000 · paid last 24h −0.035%

Price spread now: Injective against Nado+2.953%49s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.953% dearer against Nado than usual: you sell high and buy low (spread +2.953% now, against zero (this spread has no 7-day history yet)): +$295 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 months. 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	Nado SNDK-PERP	1,748.3	0.0056	pay 0.0007% / 1h	21m 36s	$350K	$1.2M	10x
Short	Injective SNDK/USDC PERP	1,800	0.0033	get 0.0004% / 1h	21m 36s	$36	$19K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.953%Rate

Funding earned: −$4.66
Price spread: +2.953% → 0.000%: $295.29
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $283.61
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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, 1 min ago	0.29 bp	6.4 bp −$6	12.0 bp −$120	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,747.9	−0.026%	$4.3M	$4.3M	75x	as long as short
Phoenix SNDK	−0.0045%	1h	1,746	−0.133%	$273K	$162K	15x	as long as short
Entropy io:SNDK	−0.0009%	1h	1,749.9	+0.090%	$4.5M	$19.9M	10x	as long as short
QFEX SNDK-USD	−0.0009%	1h	1,753.2	+0.278%	$2.2M	$22.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,752.8	+0.257%	$21.6M	$40.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,753.5	+0.296%	$285.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,754	+0.324%	$32.1M	$100.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,753.8	+0.313%	$88.2M	$804.5M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,753.9	+0.318%	$127K	$1.8M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,752.7	+0.248%	$189.7M	$238.0M	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	1,753.5	+0.293%	$50.4M	$164.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,744.9	−0.194%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,748.2	−0.009%	$16K	$836K	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,748.6	+0.018%	$14K	$293K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,748.3	−0.002%	$1K	$4.0M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,748.5	+0.009%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,749.1	+0.045%	$2.8M	$812K	50x	as long as short
Lighter SNDK	+0.0032%	1h	1,753	+0.265%	$1.8M	$15.4M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.5	+0.241%	$1.3M	$10.1M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752.5	+0.241%	$395K	$1.7M	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0032%	1h	1,746.6	−0.100%	$430K	$2.2M	10x	as long as short
Injective SNDK/USDC PERPshort	+0.0033%	1h	1,800	+2.953%	$36	$19K	12x
Aftermath Perps SNDKUSD	+0.0036%	1h	1,748.7	+0.023%	$651	$36K	5x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,752.5	+0.237%	$296K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,747.5	−0.048%	—	$639K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,753.5	+0.296%	$241K	$636K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,752.2	+0.223%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,751.8	+0.198%	$109.7M	$143.2M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,748.4	+0.004%	$194K	$183K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,748.5	+0.011%	$715K	$502K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,752.4	+0.233%	$1.4M	$4.3M	5x	as long as short
Nado SNDK-PERPlong	+0.0056%	1h	1,748.3	long leg	$350K	$1.2M	10x
Aevo SNDK-PERP	+0.0080%	1h	1,748.5	+0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752.7	+0.248%	$194K	$235K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,751.7	+0.195%	$6.1M	$21.4M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,746.2	−0.124%	$67K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,748.3	−0.001%	$8K	$1K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0139%	1h	1,748.9	+0.032%	$48K	$188K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0481%	1h	1,749.2	+0.052%	$129K	$381K	20x	as long as short
edgeX SNDKUSDC	+0.0801%	4h	1,747.6	−0.041%	$553K	$344K	10x	as long as short