Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: HTX against Polymarket Perps−0.117%46s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$250.253% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.117%, 7d avg +0.012%

Together, before fees+0.140%+$14 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 HTX is 0.129% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.012%). Swap the legs. The two prices were read 46 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	1,788.1	0.0050	pay 0.0006% / 1h	48m 36s	$187K	$135K	10x
Short	HTX SNDK-USDT	1,786	0	get 0.0000% / 8h	7h 48m	$1.5M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$10.5
Price spread: −0.117% → +0.012%: −$12.9
Slippage, 4 orders: −$5.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.72
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 23 min ago; HTX: 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, 23 min ago	0.28 bp	5.2 bp −$5	9.2 bp −$92	10.9 bp −$1,092	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	6.9 bp −$7	9.3 bp −$93	13.5 bp −$1,350	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	1,786.4	−0.095%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.7	−0.077%	$21.8M	$46.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,787.4	−0.037%	$286.3M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,788.5	+0.022%	$32.3M	$100.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,788.2	+0.006%	$86.7M	$837.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,787.6	−0.030%	$182.8M	$232.8M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,787.8	−0.018%	$48.3M	$168.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.224%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,782.4	−0.322%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.8	−0.296%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,785.2	−0.165%	$616	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787	−0.061%	$50K	$311K	10x	as long as short
HTX SNDK-USDTshort	0.0000%	8h	1,786	−0.117%	$1.5M	$11.0M	50x
Phemex SNDKUSDT	0.0000%	8h	1,786.6	−0.082%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,787.7	−0.022%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,787.7	−0.022%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,782.2	−0.332%	$789	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,788.6	+0.030%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,788.1	+0.002%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,788.4	+0.018%	$421K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.663%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.6	−0.254%	$299K	$1.6M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,788.4	+0.015%	$355K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,787.9	−0.013%	—	$674K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,787.5	−0.034%	$247K	$654K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,783.8	−0.240%	$4.7M	$20.0M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,788.1	long leg	$187K	$135K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,788.3	+0.009%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.2	−0.106%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.3	−0.100%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,787.4	−0.039%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,786.6	−0.084%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.5	−0.257%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.3	−0.157%	$8K	$3K	20x	as long as short
Bullet SNDK-USD	+0.0125%	1h	1,786.5	−0.089%	$14K	$290K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	−0.192%	$442K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0162%	1h	1,788	−0.006%	$114.9M	$150.0M	10x	as long as short
SoDEX SNDK-USD	+0.0557%	1h	1,785.7	−0.137%	$730K	$527K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,787	−0.059%	$130K	$398K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,781.7	−0.357%	$566K	$354K	10x	as long as short