Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.058%

Price spread now: Polymarket Perps against BloFin−0.042%45s7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.285% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.042%, 7d avg −0.034%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.147%, so the current rate has only just turned in your favour. The two prices were read 45 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	BloFin SNDK-USDT	1,762.4	−0.0120	get 0.0120% / 8h	1h 50m	$3.9M	$4.5M	75x
Short	Polymarket Perps SNDK-USD	1,761.7	0.0050	get 0.0006% / 1h	50m 18s	$184K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.042%Rate

Funding earned: $35.7
Price spread: −0.042% → −0.034%: −$0.76
Slippage, 4 orders: −$8.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $6.43
Costs to cover: 0.285%
Break-even: 5.7 days

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 57 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 BloFin live order book, 3 min ago	0.14 bp	6.5 bp −$7	7.1 bp −$71	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 57 min ago	2.83 bp	6.8 bp −$7	8.2 bp −$82	10.0 bp −$1,001	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
Bitget SNDKUSDT	−0.0251%	8h	1,763.2	+0.040%	$47.4M	$165.5M	75x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,762.4	long leg	$3.9M	$4.5M	75x
KuCoin SNDKUSDTM	−0.0013%	8h	1,762.5	+0.003%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,763.1	+0.037%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.5	+0.115%	$21.5M	$33.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.9	+0.081%	$280.2M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764	+0.088%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.1	+0.037%	$82.5M	$835.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,764.1	+0.092%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,762.8	+0.021%	$176.7M	$230.3M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,762.2	−0.013%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.6	+0.010%	$12K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−0.070%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,762.8	+0.020%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,762.7	+0.014%	$841	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.3	+0.049%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.7	+0.013%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,763.8	+0.078%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.1	+0.040%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.2	−0.130%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.8	+0.078%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,762.8	+0.022%	$496K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.129%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.3	−0.065%	$254K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,761.5	−0.055%	$327K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.7	+0.015%	$243K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,762.8	+0.020%	$118.7M	$158.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,762.4	−0.002%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,761.7	−0.042%	$184K	$131K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,762.3	−0.009%	$721K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.2	+0.045%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763	+0.032%	$1.4M	$5.1M	5x	as long as short
Lighter SNDK	+0.0080%	1h	1,764	+0.090%	$1.8M	$16.2M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.8	+0.018%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,763	+0.032%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	0.000%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	+0.002%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	+0.214%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0148%	4h	1,761.1	−0.075%	$559K	$352K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0400%	1h	1,763.4	+0.053%	$127K	$347K	20x	as long as short