Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Bybit−0.034%47s7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$320.317% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.034%, 7d avg −0.090%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.090%. Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 47 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	Bybit SNDKUSDT	1,761.1	0	get 0.0000% / 8h	1h 02m	$31.9M	$103.5M	100x
Short	Polymarket Perps SNDK-USD	1,760.5	0.0050	get 0.0006% / 1h	2m 40s	$185K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: $10.5
Price spread: −0.034% → −0.090%: $5.57
Slippage, 4 orders: −$12.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.59
Costs to cover: 0.317%
Break-even: 17.4 days

Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, 39 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 Bybit live order book, 1 min ago	0.28 bp	7.3 bp −$7	10.1 bp −$101	30.9 bp −$3,088	doesn't fit
Sell Polymarket Perps live order book, 39 min ago	2.28 bp	7.7 bp −$8	8.0 bp −$80	9.4 bp −$943	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	−0.0268%	8h	1,761.4	+0.015%	$48.4M	$167.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761	−0.008%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.9	−0.014%	$1.4M	$10.1M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.8	+0.038%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.9	−0.010%	$278.9M	$1.87B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,761.1	long leg	$31.9M	$103.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.3	+0.011%	$82.1M	$836.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.3	+0.065%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.8	−0.015%	$177.4M	$231.8M	75x	as long as short
KuCoin SNDKUSDTM	0.0000%	8h	1,761.2	+0.003%	$6.0M	$22.3M	20x	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	1,763.6	+0.142%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762	+0.049%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.3	+0.011%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.4	+0.019%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.5	+0.024%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.2	+0.006%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761	−0.008%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.8	−0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,762.8	+0.095%	$674	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.5	−0.092%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0031%	1h	1,762.6	+0.088%	$328K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.3	+0.009%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.9	−0.012%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.207%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761	−0.008%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.9	+0.045%	$242K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.6	−0.028%	$118.8M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	+0.034%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,760.5	−0.034%	$185K	$130K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,760.9	−0.011%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.5	−0.035%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.1	0.000%	$1.4M	$5.2M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,761.9	+0.045%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.7	−0.021%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760.9	−0.013%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.6	+0.031%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	−0.014%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.007%	$431K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0352%	4h	1,763	+0.110%	$560K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,761.7	+0.033%	$127K	$340K	20x	as long as short