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 −0.015%

Price spread now: Bybit against Polymarket Perps+0.213%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days−0.165%−$17 · spread now +0.213%, 7d avg +0.090%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.123% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.090%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.104%, 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	1,764.5	0.0050	pay 0.0006% / 1h	12m 07s	$184K	$131K	10x
Short	Bybit SNDKUSDT	1,768.3	0	get 0.0000% / 8h	2h 12m	$31.8M	$103.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$10.5
Price spread: +0.213% → +0.090%: $12.32
Slippage, 4 orders: −$13.09
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.27
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 35 min ago; Bybit: live order book, 2 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, 35 min ago	2.83 bp	8.9 bp −$9	9.3 bp −$93	10.3 bp −$1,031	doesn't fit
Sell Bybit live order book, 2 min ago	0.03 bp	8.5 bp −$8	11.8 bp −$118	39.7 bp −$3,974	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	−0.0330%	8h	1,766.5	+0.111%	$47.0M	$164.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,763.8	−0.039%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,764.5	+0.001%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,764.9	+0.020%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,766.1	+0.088%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,766.6	+0.121%	$280.4M	$1.84B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,768.3	+0.213%	$31.8M	$103.4M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,767.8	+0.187%	$82.1M	$832.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,765.4	+0.051%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,766	+0.086%	$176.2M	$231.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,759.7	−0.271%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.158%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.159%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,765.4	+0.051%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.3	+0.045%	$847	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,765.4	+0.051%	$51K	$348K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,765	+0.028%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.3	+0.104%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,765.5	+0.056%	$328K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0010%	1h	1,762.8	−0.095%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,763.1	−0.079%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,765.1	+0.034%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,765.7	+0.066%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.7	+0.181%	$432K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.010%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,761.9	−0.150%	$262K	$1.4M	10x	as long as short
Entropy io:SNDK	+0.0041%	1h	1,763	−0.085%	$4.7M	$19.9M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,765.5	+0.057%	$243K	$665K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,766.1	+0.091%	$118.9M	$157.8M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,764.5	long leg	$184K	$131K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,764.6	+0.004%	$722K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,765.2	+0.041%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,765.3	+0.045%	$1.3M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,765.9	+0.081%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,767.4	+0.162%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,765.2	+0.037%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.5	−0.169%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,764.6	+0.008%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,766.3	+0.101%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0842%	4h	1,759.8	−0.267%	$559K	$353K	10x	as long as short