Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: Polymarket Perps against HTX+0.025%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.025%, 7d avg −0.012%

Together, before fees−0.040%−$4 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 0.037% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SNDK-USDT	1,784.9	0	get 0.0000% / 8h	6h 03m	$1.4M	$10.4M	50x
Short	Polymarket Perps SNDK-USD	1,785.3	0.0050	get 0.0006% / 1h	3m 47s	$187K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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 HTXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.025%Rate

Funding earned: $10.5
Price spread: +0.025% → −0.012%: $3.68
Slippage, 4 orders: −$9.21
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.03
Costs to cover: 0.292%
Break-even: 17.0 days

Slippage from HTX: live order book, 5 min ago; Polymarket Perps: live order book, 63 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 HTX live order book, 5 min ago	0.03 bp	6.1 bp −$6	9.2 bp −$92	15.5 bp −$1,555	doesn't fit
Sell Polymarket Perps live order book, 63 min ago	1.96 bp	8.1 bp −$8	9.6 bp −$96	11.4 bp −$1,138	doesn't fit

SNDK on 39 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
Phoenix SNDK	−0.0045%	1h	1,783.5	−0.076%	$278K	$193K	15x	as long as short
Nado SNDK-PERP	−0.0037%	1h	1,785.9	+0.058%	$360K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0032%	1h	1,784.9	+0.003%	$4.9M	$20.4M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,785.2	+0.021%	$1.6M	$15.9M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0013%	1h	1,785.4	+0.031%	$114.5M	$145.8M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,785.8	+0.054%	$21.8M	$37.1M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.4	+0.031%	$285.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.8	+0.050%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,785.1	+0.014%	$85.4M	$823.2M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,785.6	+0.042%	$180.7M	$232.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	0.0000%	8h	1,785.4	+0.029%	$43.8M	$163.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.8	0.000%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,783	−0.105%	$10K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,785.3	+0.024%	$15K	$292K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	+0.011%	$987	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,785.4	+0.030%	$51K	$331K	10x	as long as short
HTX SNDK-USDTlong	0.0000%	8h	1,784.9	long leg	$1.4M	$10.4M	50x
Phemex SNDKUSDT	0.0000%	8h	1,785.3	+0.024%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0002%	1h	1,785.1	+0.012%	$707	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.2	+0.076%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,785.5	+0.038%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.3	+0.024%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.847%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.5	−0.076%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.7	−0.011%	—	$584K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,785.4	+0.033%	—	—	5x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,785.7	+0.048%	$246K	$644K	20x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,785.3	+0.025%	$187K	$134K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,785	+0.009%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.8	−0.003%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.9	+0.001%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,784	−0.047%	$436K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.6	+0.040%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,784.5	−0.020%	$6.1M	$21.6M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.1	+0.016%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785	+0.008%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,786	+0.062%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,786.2	+0.075%	$170K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0998%	4h	1,783.6	−0.069%	$566K	$353K	10x	as long as short