Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.002%

Price spread now: Nado against Phemex+0.002%7-day average +0.021% · 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−$75as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.002%, 7d avg +0.021%

Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SNDKUSDT	1,764.3	0	get 0.0000% / 8h	3h 03m	$2.8M	$1.1M	50x
Short	Nado SNDK-PERP	1,764.4	−0.0001	pay 0.0000% / 1h	3m 05s	$337K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now +0.002%Rate

Funding earned: −$0.18
Price spread: +0.002% → +0.021%: −$1.9
Slippage, 4 orders: −$54.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.19
Costs to cover: 0.731%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Nado: live order book, 1 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 Phemex live order book, 6 min ago	1.59 bp	30.3 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.28 bp	6.5 bp −$7	19.1 bp −$191	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	1,764.5	+0.008%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0048%	8h	1,764.6	+0.016%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0028%	1h	1,766.4	+0.117%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,763.7	−0.037%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767.2	+0.163%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERPshort	−0.0001%	1h	1,764.4	+0.002%	$337K	$1.5M	10x
Aster SNDKUSD1	0.0000%	8h	1,765.4	+0.059%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,764.5	+0.008%	$279.7M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.5	+0.007%	$31.7M	$102.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.8	−0.031%	$81.8M	$826.8M	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	1,765.4	+0.062%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.8	−0.029%	$176.8M	$231.9M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,764.1	−0.012%	$44.1M	$162.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.196%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,766.8	+0.137%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	+0.185%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,764.4	+0.006%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,766.7	+0.131%	$814	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,764.7	+0.021%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,763.9	−0.023%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDTlong	0.0000%	8h	1,764.3	long leg	$2.8M	$1.1M	50x
Aftermath Perps SNDKUSD	+0.0012%	1h	1,766.9	+0.146%	$657	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0021%	1h	1,762.3	−0.117%	—	$592K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,765.4	+0.058%	$1.8M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,764.8	+0.026%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,764.2	−0.008%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.019%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766	+0.095%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,764.7	+0.020%	$243K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,764.2	−0.010%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764	−0.019%	$117.1M	$153.4M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,763.8	−0.031%	$184K	$132K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,764.6	+0.015%	$721K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.9	+0.088%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,764.3	0.000%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,765.8	+0.080%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,765.9	+0.089%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.1	−0.011%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,764.7	+0.020%	$128K	$355K	20x	as long as short
edgeX SNDKUSDC	+0.0477%	4h	1,766.5	+0.122%	$561K	$353K	10x	as long as short