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: Gate against Polymarket Perps+0.067%48s7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$370.368% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.067%, 7d avg +0.085%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 48 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	1,770	0.0050	pay 0.0006% / 1h	53m 37s	$185K	$132K	10x
Short	Gate SNDK_USDT	1,771.2	0	get 0.0000% / 8h	2h 53m	$177.1M	$228.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.067%Rate

Funding earned: −$10.5
Price spread: +0.067% → +0.085%: −$1.74
Slippage, 4 orders: −$13.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.09
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 58 min ago; Gate: live order book, 5 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, 58 min ago	1.96 bp	6.0 bp −$6	6.9 bp −$69	8.9 bp −$890	doesn't fit
Sell Gate live order book, 5 min ago	0.03 bp	11.8 bp −$12	24.2 bp −$242	41.9 bp −$4,195	65.8 bp −$32.9K

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	1,771.2	+0.069%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0043%	8h	1,770.9	+0.051%	$6.1M	$22.1M	20x	as long as short
Bitget SNDKUSDT	−0.0038%	8h	1,771.2	+0.068%	$44.7M	$162.7M	75x	as long as short
Nado SNDK-PERP	−0.0024%	1h	1,770.8	+0.044%	$338K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,771.5	+0.084%	$1.4M	$11.4M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,772.1	+0.116%	$21.6M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,771.9	+0.108%	$279.7M	$1.83B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,771.9	+0.109%	$31.7M	$102.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.1	+0.062%	$82.7M	$831.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,772.5	+0.143%	$121K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,771.2	+0.067%	$177.1M	$228.1M	75x
Variational Omni SNDK	0.0000%	8h	1,770.4	+0.021%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.9	−0.065%	$22K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.8	−0.124%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,771.1	+0.062%	$14K	$285K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,770.9	+0.051%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,771	+0.057%	$51K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,770.5	+0.028%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,770.9	+0.053%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0012%	1h	1,767.8	−0.124%	$688	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,769	−0.055%	—	$592K	10x	as long as short
Entropy io:SNDK	+0.0020%	1h	1,769.6	−0.023%	$4.8M	$19.7M	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,772	+0.112%	$197K	$298K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,772.2	+0.124%	$1.4M	$9.3M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.3	+0.073%	$424K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.693%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,768.2	−0.102%	$263K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,770.9	+0.051%	$244K	$655K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,771.1	+0.060%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.3	+0.130%	$117.9M	$153.7M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,770	long leg	$185K	$132K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.4	+0.079%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,771.6	+0.088%	$434K	$2.4M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,770.7	+0.039%	$1K	—	10x	as long as short
Lighter SNDK	+0.0096%	1h	1,773.2	+0.178%	$1.8M	$15.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,769.4	−0.032%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,770.1	+0.003%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,771.7	+0.094%	$128K	$355K	20x	as long as short
SoDEX SNDK-USD	+0.0535%	1h	1,770.2	+0.012%	$724K	$513K	10x	as long as short
edgeX SNDKUSDC	+0.0549%	4h	1,766.2	−0.215%	$561K	$351K	10x	as long as short