Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.113%

Price spread now: Polymarket Perps against edgeX+0.010%64s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as 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−$320.316% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−1.190%−$119 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.010%, 7d avg −0.029%

Together, before fees−1.308%+ Points / potential airdropedgeX: Active · farm board−$131 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.039% dearer against edgeX than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days. At the pace of the last 7 days (−1.190% in total) that is about 6 hours. The two prices were read 64 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	edgeX SNDKUSDC	1,778	0.0068	pay 0.0034% / 4h	22m 37s	$565K	$354K	10x
Short	Polymarket Perps SNDK-USD	1,778.2	0.0050	get 0.0006% / 1h	22m 37s	$204K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$3.84
Price spread: +0.010% → −0.029%: $3.93
Slippage, 4 orders: −$14.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.55
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from edgeX: live order book, 56 min ago; Polymarket Perps: live order book, 54 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 edgeX live order book, 56 min ago	5.05 bp	9.6 bp −$10	11.3 bp −$113	46.2 bp −$4,624	doesn't fit
Sell Polymarket Perps live order book, 54 min ago	1.41 bp	7.0 bp −$7	8.2 bp −$82	10.6 bp −$1,062	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	1,777.6	−0.023%	$4.1M	$4.5M	75x	as long as short
Entropy io:SNDK	−0.0071%	1h	1,777.3	−0.040%	$4.6M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.8	−0.011%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.2	+0.011%	$22.0M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778.1	+0.002%	$284.0M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.5	+0.026%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.8	+0.044%	$87.2M	$846.0M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,777.9	−0.004%	$184.1M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,778.5	+0.027%	$48.0M	$171.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,778.4	+0.021%	$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	1,778.5	+0.027%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.8	−0.012%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,777.6	−0.022%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,776.6	−0.078%	$899	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,777.7	−0.020%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778	−0.002%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,777.8	−0.011%	$770	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,778.9	+0.051%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.6	−0.023%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.2	−0.047%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.234%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.3	−0.043%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.5	−0.029%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778.4	+0.021%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.4	−0.035%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,778.2	+0.010%	$204K	$123K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,777.6	−0.026%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.6	−0.024%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778	−0.001%	$1.4M	$4.9M	5x	as long as short
edgeX SNDKUSDClong	+0.0068%	4h	1,778	long leg	$565K	$354K	10x
Aevo SNDK-PERP	+0.0080%	1h	1,777.4	−0.034%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,778.6	+0.030%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,778	−0.001%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.5	−0.031%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.9	−0.005%	$68K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.2	−0.048%	$8K	$2K	20x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.8	+0.046%	$1.6M	$16.3M	20x	as long as short
Nado SNDK-PERP	+0.0169%	1h	1,777.4	−0.035%	$360K	$1.4M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0397%	1h	1,778.1	+0.005%	$50K	$301K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0456%	1h	1,778.2	+0.009%	$129K	$406K	20x	as long as short