Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.005%

Price spread now: KuCoin against Nado−0.088%51s7-day average −0.043% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.363% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.088%, 7d avg −0.043%

Together, before fees+0.115%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.045% cheaper against Nado than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.043%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day). The two prices were read 51 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	1,790.6	0.0004	pay 0.0001% / 1h	59m 37s	$348K	$1.4M	10x
Short	KuCoin SNDKUSDTM	1,789.1	0.0100	get 0.0100% / 8h	6h 59m	$6.1M	$21.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.088%Rate

Funding earned: $20.06
Price spread: −0.088% → −0.043%: −$4.48
Slippage, 4 orders: −$17.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.74
Costs to cover: 0.363%
Break-even: 14.2 days

Slippage from Nado: live order book, 4 min ago; KuCoin: 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, 4 min ago	0.28 bp	6.6 bp −$7	17.4 bp −$174	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.92 bp	9.8 bp −$10	35.8 bp −$358	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
Entropy io:SNDK	−0.0263%	1h	1,789.5	−0.064%	$4.8M	$20.4M	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,789.1	−0.084%	$4.1M	$4.5M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0115%	1h	1,789.1	−0.086%	$114.9M	$146.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,790.4	−0.013%	$21.8M	$42.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,789.4	−0.068%	$287.1M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.5	−0.064%	$32.1M	$99.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,789.1	−0.086%	$86.7M	$832.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,789	−0.094%	$182.1M	$230.1M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.9	−0.099%	$47.8M	$164.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,789.2	−0.079%	$2.6M	$4.7M	—	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT SNDK_USDT_Perp	0.0000%	8h	1,791.4	+0.040%	$21K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,790.9	+0.014%	$279K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,789.3	−0.073%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,787.9	−0.155%	$774	$3.7M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,789.2	−0.078%	$51K	$328K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,789.3	−0.076%	$1.5M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,789	−0.093%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,789.2	−0.081%	$1.9M	$18.5M	10x	as long as short
Nado SNDK-PERPlong	+0.0004%	1h	1,790.6	long leg	$348K	$1.4M	10x
Aftermath Perps SNDKUSD	+0.0006%	1h	1,790.4	−0.012%	$714	$37K	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0010%	1h	1,788.5	−0.120%	$1.4M	$5.1M	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,790.3	−0.021%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,789.7	−0.055%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,789.6	−0.059%	$455K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.520%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,789	−0.090%	$306K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,789.4	−0.069%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,789.3	−0.075%	$246K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,789.2	−0.079%	—	—	5x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,789.2	−0.081%	$187K	$135K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,788.9	−0.097%	$731K	$515K	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,788.7	−0.108%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,789.3	−0.076%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,789.1	−0.088%	$6.1M	$21.8M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,789.1	−0.087%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.4	−0.127%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,792.4	+0.097%	$442K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0164%	4h	1,789.4	−0.069%	$568K	$354K	10x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,790.1	−0.032%	$171K	$1.8M	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,789.6	−0.056%	$130K	$366K	20x	as long as short