Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.021%

Price spread now: BloFin against Polymarket Perps+0.013%45s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as 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−$250.246% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.013%, 7d avg +0.033%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.156%, so the current rate has only just turned against you. The two prices were read 45 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	1,777.8	0.0050	pay 0.0006% / 1h	20m 15s	$204K	$123K	10x
Short	BloFin SNDK-USDT	1,778	−0.0120	pay 0.0120% / 8h	20m 15s	$4.1M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$35.7
Price spread: +0.013% → +0.033%: −$1.99
Slippage, 4 orders: −$4.56
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.26
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 57 min ago; BloFin: 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, 57 min ago	1.41 bp	5.4 bp −$5	6.5 bp −$65	8.4 bp −$839	doesn't fit
Sell BloFin live order book, 3 min ago	0.06 bp	6.1 bp −$6	6.9 bp −$69	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-USDTshort	−0.0120%	8h	1,778	+0.013%	$4.1M	$4.5M	75x
Entropy io:SNDK	−0.0068%	1h	1,777.3	−0.028%	$4.5M	$20.3M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,777.9	+0.004%	$2.2M	$21.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.4	+0.032%	$21.9M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,778	+0.010%	$283.9M	$1.88B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,778.4	+0.032%	$31.7M	$105.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,778.1	+0.017%	$87.2M	$845.7M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,778.1	+0.016%	$183.9M	$239.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,777.9	+0.008%	$47.9M	$171.8M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.6	−0.010%	$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	1,777.8	+0.001%	$12K	$1.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.7	−0.006%	$277K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,778.1	+0.015%	$15K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,777.1	−0.042%	$885	$3.9M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,778.3	+0.025%	$1.5M	$11.1M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,778	+0.011%	$2.8M	$1.0M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,778.4	+0.035%	$803	$37K	5x	as long as short
RISEx SNDK/USDC	+0.0018%	1h	1,779.2	+0.080%	$175K	$1.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,778.1	+0.019%	$1.3M	$10.0M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,777.6	−0.012%	$412K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.246%	$36	$15K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,777.4	−0.020%	$286K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,777.6	−0.012%	—	$670K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,778	+0.011%	$245K	$670K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,777.8	0.000%	$113.3M	$151.8M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,777.8	long leg	$204K	$123K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,777.9	+0.006%	$727K	$538K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.9	+0.005%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,778.2	+0.022%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,777.9	+0.006%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0096%	1h	1,779	+0.069%	$441K	$2.4M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,777.9	+0.003%	$212K	$283K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,777.4	−0.025%	$6.0M	$22.2M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,777.6	−0.013%	$68K	$268K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,777.5	−0.016%	$8K	$2K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0133%	1h	1,778.5	+0.037%	$50K	$303K	10x	as long as short
Lighter SNDK	+0.0136%	1h	1,778.9	+0.060%	$1.6M	$16.4M	20x	as long as short
Nado SNDK-PERP	+0.0170%	1h	1,777.9	+0.006%	$360K	$1.4M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0455%	1h	1,778.8	+0.058%	$129K	$406K	20x	as long as short
edgeX SNDKUSDC	+0.0674%	4h	1,777.4	−0.024%	$565K	$354K	10x	as long as short