Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.002%

Price spread now: Nado against OKX+0.158%7-day average +0.020% · 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−$9as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.158%, 7d avg +0.020%

Together, before fees−0.152%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.138% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SNDK-USDT-SWAP	1,789.3	0	get 0.0000% / 8h	7h 45m	$86.1M	$839.7M	75x
Short	Nado SNDK-PERP	1,792.1	0.0025	get 0.0003% / 1h	45m 52s	$350K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.158%Rate

Funding earned: $5.2
Price spread: +0.158% → +0.020%: $13.8
Slippage, 4 orders: −$6.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.3
Costs to cover: 0.233%
Break-even: 12.8 days

Slippage from OKX: live order book, 3 min ago; Nado: live order book, 3 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 OKX live order book, 3 min ago	0.28 bp	5.3 bp −$5	6.0 bp −$60	10.4 bp −$1,041	23.7 bp −$11.8K
Sell Nado live order book, 3 min ago	0.28 bp	6.5 bp −$6	19.7 bp −$197	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	1,791	+0.094%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0007%	1h	1,789.9	+0.034%	$50K	$311K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,788.2	−0.060%	$21.8M	$45.7M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,788.8	−0.029%	$285.4M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,789.4	+0.007%	$32.2M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,789.3	long leg	$86.1M	$839.7M	75x
Gate SNDK_USDT	0.0000%	8h	1,789.3	+0.001%	$183.4M	$233.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,788.9	−0.025%	$48.1M	$169.0M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,790.6	+0.073%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	−0.151%	$9K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,786.1	−0.179%	$278K	$195K	15x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,788.9	−0.021%	$737	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,790.2	+0.052%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,790	+0.039%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791	+0.094%	$2.1M	$20.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,790.7	+0.076%	$171K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0010%	1h	1,785.7	−0.203%	$823	$37K	5x	as long as short
Bullet SNDK-USD	+0.0015%	1h	1,789.6	+0.017%	$14K	$291K	10x	as long as short
Nado SNDK-PERPshort	+0.0025%	1h	1,792.1	+0.158%	$350K	$1.4M	10x
Lighter SNDK	+0.0032%	1h	1,791	+0.094%	$1.6M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,791.4	+0.118%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,790.7	+0.079%	$425K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.596%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,786.4	−0.163%	$299K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,790.8	+0.085%	—	$648K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,790.9	+0.089%	$247K	$657K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,786.4	−0.162%	$4.8M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,790.9	+0.089%	$187K	$135K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,792.1	+0.157%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,790.3	+0.056%	$1.4M	$4.9M	5x	as long as short
tradeXYZ xyz:SNDK	+0.0069%	1h	1,790	+0.039%	$115.2M	$150.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,789.6	+0.014%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791	+0.095%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,788.9	−0.021%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,787	−0.129%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,788.2	−0.061%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,790.8	+0.086%	$444K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0221%	4h	1,785.4	−0.215%	$567K	$355K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0660%	1h	1,790.6	+0.073%	$130K	$382K	20x	as long as short
SoDEX SNDK-USD	+0.0788%	1h	1,789.7	+0.024%	$732K	$515K	10x	as long as short