Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0360%/8h= +39.5% APRpaid last 24h +0.101%

Price spread now: edgeX against Polymarket Perps+0.380%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs+$83as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.162%+$116 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.380%, 7d avg +0.030%

Together, before fees+0.902%+ Points / potential airdropedgeX: Active · farm board+$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.350% dearer against Polymarket Perps than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,770.3	0.0050	pay 0.0006% / 1h	23m 06s	$186K	$128K	10x
Short	edgeX SNDKUSDC	1,777	0.0410	get 0.0205% / 4h	3h 23m	$564K	$351K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.380%Rate

Funding earned: $75.68
Price spread: +0.380% → +0.030%: $34.99
Slippage, 4 orders: −$16.41
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $77.26
Costs to cover: 0.334%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 29 min ago; edgeX: live order book, 31 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, 29 min ago	1.96 bp	6.0 bp −$6	6.9 bp −$69	8.9 bp −$890	doesn't fit
Sell edgeX live order book, 31 min ago	5.04 bp	9.6 bp −$10	11.5 bp −$115	47.3 bp −$4,733	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	1,770.2	−0.008%	$3.9M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0050%	1h	1,773.8	+0.198%	$4.8M	$19.7M	10x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,772.2	+0.108%	$6.1M	$22.0M	20x	as long as short
Nado SNDK-PERP	−0.0028%	1h	1,771.4	+0.063%	$344K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,770.6	+0.016%	$1.4M	$12.0M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,771	+0.042%	$430K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,773.4	+0.175%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.5	+0.010%	$281.4M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.4	+0.004%	$32.1M	$101.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,769.3	−0.056%	$82.1M	$824.0M	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	1,772.5	+0.122%	$137K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.6	−0.038%	$176.3M	$230.5M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,770.3	−0.002%	$44.3M	$162.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.1	+0.213%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,771.2	+0.052%	$11K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,771.7	+0.079%	$276K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,770.8	+0.030%	$14K	$287K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.5	−0.043%	$848	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,770.9	+0.036%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.1	−0.011%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.3	+0.002%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,774.6	+0.245%	$763	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,771.5	+0.069%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.8	+0.029%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,770.4	+0.006%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.675%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,772.6	+0.127%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,768.5	−0.102%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,771.3	+0.056%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770.5	+0.010%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.3	−0.056%	$117.0M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,770.3	long leg	$186K	$128K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,770.6	+0.018%	$724K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,770.9	+0.034%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.2	−0.005%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,771	+0.038%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	+0.367%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.3	+0.001%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,770.8	+0.028%	$128K	$353K	20x	as long as short
edgeX SNDKUSDCshort	+0.0410%	4h	1,777	+0.380%	$564K	$351K	10x