Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.022%

Price spread now: Binance against Polymarket Perps−0.221%46s7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as 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−$260.261% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$18 on $10k

Price spread, last 7 days+0.271%+$27 · spread now −0.221%, 7d avg +0.101%

Together, before fees+0.455%+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.322% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.101%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.185%, so the current rate has only just turned against you. The two prices were read 46 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	Polymarket Perps SNDK-USD	1,762.4	0.0050	pay 0.0006% / 1h	34m 43s	$184K	$132K	10x
Short	Binance SNDKUSDT	1,758.5	0	get 0.0000% / 8h	2h 34m	$279.4M	$1.83B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now −0.221%Rate

Funding earned: −$10.5
Price spread: −0.221% → +0.101%: −$32.2
Slippage, 4 orders: −$8.07
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.77
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 12 min ago; Binance: live order book, 9 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 Polymarket Perps live order book, 12 min ago	2.83 bp	8.9 bp −$9	9.3 bp −$93	10.3 bp −$1,031	doesn't fit
Sell Binance live order book, 9 min ago	0.03 bp	5.2 bp −$5	6.4 bp −$64	14.3 bp −$1,431	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	−0.0150%	8h	1,760.5	−0.107%	$44.4M	$161.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.8	−0.035%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,759.9	−0.141%	$6.0M	$22.0M	20x	as long as short
Entropy io:SNDK	−0.0024%	1h	1,760.9	−0.085%	$4.7M	$19.8M	10x	as long as short
Nado SNDK-PERP	−0.0005%	1h	1,763.6	+0.066%	$336K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,762.5	+0.008%	$1.4M	$10.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.1	−0.132%	$21.6M	$33.5M	20x	as long as short
Binance SNDKUSDTshort	0.0000%	8h	1,758.5	−0.221%	$279.4M	$1.83B	75x
Bybit SNDKUSDT	0.0000%	8h	1,759.2	−0.180%	$31.6M	$102.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,758.9	−0.199%	$81.8M	$825.7M	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	1,763.5	+0.063%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760.1	−0.129%	$175.9M	$229.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.8	−0.033%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,763.1	+0.039%	$14K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762	−0.023%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763	+0.034%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.3	+0.052%	$980	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,762.8	+0.021%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.5	+0.006%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.2	−0.011%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,760.6	−0.100%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,763.3	+0.049%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,759.2	−0.183%	$196K	$304K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.5	−0.165%	$1.3M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.2	−0.123%	$423K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.131%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.4	−0.056%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.6	+0.011%	$243K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.4	−0.173%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.5	−0.165%	$117.5M	$155.2M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,762.4	long leg	$184K	$132K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,762.9	+0.028%	$721K	$513K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,762.9	+0.028%	$1.4M	$5.1M	5x	as long as short
edgeX SNDKUSDC	+0.0066%	4h	1,763	+0.034%	$560K	$352K	10x	as long as short
Lighter SNDK	+0.0072%	1h	1,759.8	−0.150%	$1.7M	$16.0M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,765	+0.149%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,762.7	+0.017%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.8	+0.134%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	+0.006%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,763.4	+0.057%	$127K	$354K	20x	as long as short