Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.014%

Price spread now: KuCoin against Polymarket Perps+0.035%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.035%, 7d avg +0.054%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,784.3	0.0050	pay 0.0006% / 1h	18m 15s	$187K	$135K	10x
Short	KuCoin SNDKUSDTM	1,784.9	0.0100	get 0.0100% / 8h	6h 18m	$6.1M	$21.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $10.5
Price spread: +0.035% → +0.054%: −$1.89
Slippage, 4 orders: −$19.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.15
Costs to cover: 0.398%
Break-even: 27.8 days

Slippage from Polymarket Perps: live order book, 49 min ago; KuCoin: live order book, 6 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, 49 min ago	1.96 bp	6.0 bp −$6	6.0 bp −$60	8.8 bp −$879	doesn't fit
Sell KuCoin live order book, 6 min ago	0.45 bp	11.8 bp −$12	44.5 bp −$445	doesn't fit	doesn't fit

SNDK on 39 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
Deribit SNDK_USDC-PERPETUAL	−0.0120%	1h	1,785.5	+0.068%	$51K	$331K	10x	as long as short
Phoenix SNDK	−0.0045%	1h	1,785.1	+0.045%	$278K	$193K	15x	as long as short
Entropy io:SNDK	−0.0037%	1h	1,785.3	+0.056%	$4.9M	$20.5M	10x	as long as short
QFEX SNDK-USD	−0.0024%	1h	1,784.6	+0.017%	$1.7M	$16.5M	10x	as long as short
Nado SNDK-PERP	−0.0023%	1h	1,785.4	+0.064%	$360K	$1.4M	10x	as long as short
tradeXYZ xyz:SNDK	−0.0008%	1h	1,785	+0.039%	$114.3M	$146.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	+0.112%	$21.8M	$36.8M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,785.1	+0.047%	$285.9M	$1.82B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,785.4	+0.064%	$32.1M	$99.8M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,784.8	+0.028%	$85.5M	$828.2M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDT	0.0000%	8h	1,785	+0.036%	$180.8M	$232.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785	+0.039%	$44.0M	$164.7M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.012%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,786.6	+0.131%	$13K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,784.7	+0.023%	$13K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,785.1	+0.044%	$893	$3.7M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,784.4	+0.006%	$1.4M	$10.4M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785	+0.038%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.9	+0.090%	$701	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,786.7	+0.133%	$1.7M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786	+0.095%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,785.7	+0.079%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.878%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,783.9	−0.021%	$312K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,784.5	+0.012%	—	$584K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,784.8	+0.028%	$245K	$645K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,784.6	+0.015%	—	—	5x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,784.3	long leg	$187K	$135K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,785.2	+0.049%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.4	+0.006%	$1.4M	$5.0M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,784.9	+0.034%	$1K	—	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0088%	1h	1,785.2	+0.048%	$437K	$2.3M	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,784.9	+0.032%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTMshort	+0.0100%	8h	1,784.9	+0.035%	$6.1M	$21.6M	20x
ApeX Omni SNDKUSDT	+0.0100%	1h	1,784.6	+0.017%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,784.2	−0.008%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0132%	1h	1,785.7	+0.078%	$130K	$357K	20x	as long as short
RISEx SNDK/USDC	+0.0257%	1h	1,785.9	+0.091%	$164K	$1.8M	20x	as long as short
edgeX SNDKUSDC	+0.0883%	4h	1,784.9	+0.033%	$567K	$352K	10x	as long as short