Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bitget against Polymarket Perps+0.027%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.027%, 7d avg +0.083%

Together, before fees+0.232%+$23 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 Bitget is 0.056% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,763.4	0.0050	pay 0.0006% / 1h	1m 21s	$184K	$132K	10x
Short	Bitget SNDKUSDT	1,763.9	0	get 0.0000% / 8h	3h 01m	$44.2M	$162.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$10.5
Price spread: +0.027% → +0.083%: −$5.6
Slippage, 4 orders: −$9.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.91
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 50 min ago; Bitget: live order book, 3 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, 50 min ago	1.96 bp	6.0 bp −$6	6.9 bp −$69	8.9 bp −$890	doesn't fit
Sell Bitget live order book, 3 min ago	0.14 bp	7.8 bp −$8	11.6 bp −$116	doesn't fit	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	1,764.5	+0.061%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0046%	8h	1,763.9	+0.029%	$6.1M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0030%	1h	1,764.1	+0.040%	$4.8M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,763.9	+0.028%	$1.4M	$11.9M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,767.2	+0.216%	$433K	$2.3M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,764.4	+0.054%	$336K	$1.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,764.4	+0.054%	$21.5M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,763.4	+0.002%	$279.6M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,764.1	+0.037%	$31.6M	$102.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,763.6	+0.011%	$82.5M	$828.5M	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	1,764.8	+0.080%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,763.3	−0.005%	$176.4M	$232.2M	75x	as long as short
Bitget SNDKUSDTshort	0.0000%	8h	1,763.9	+0.027%	$44.2M	$162.9M	75x
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.249%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,766.8	+0.191%	$10K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.6	+0.238%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,763.8	+0.023%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,763.6	+0.012%	$675	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,763.1	−0.015%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,762.3	−0.062%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.9	−0.026%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,765.7	+0.133%	$657	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0020%	1h	1,761.3	−0.119%	—	$592K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763.7	+0.014%	$1.7M	$16.1M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,763.7	+0.015%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,763.9	+0.026%	$422K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.073%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,764.2	+0.048%	$262K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,763.6	+0.011%	$243K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763	−0.022%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,763.7	+0.017%	$117.2M	$153.5M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,763.4	long leg	$184K	$132K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,762.9	−0.031%	$721K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,763.9	+0.028%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,763.6	+0.011%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.8	−0.033%	$196K	$296K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763.8	+0.023%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,762.5	−0.049%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0123%	1h	1,763.6	+0.010%	$128K	$355K	20x	as long as short
edgeX SNDKUSDC	+0.0223%	4h	1,765.2	+0.101%	$561K	$353K	10x	as long as short