Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: OKX against Polymarket Perps+0.063%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.063%, 7d avg +0.075%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.089%, 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	1,759.2	0.0050	pay 0.0006% / 1h	1m 11s	$185K	$130K	10x
Short	OKX SNDK-USDT-SWAP	1,760.3	0	get 0.0000% / 8h	1h 01m	$82.2M	$835.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$10.5
Price spread: +0.063% → +0.075%: −$1.23
Slippage, 4 orders: −$8.52
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.25
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 41 min ago; OKX: live order book, 3 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, 41 min ago	2.28 bp	8.0 bp −$8	8.9 bp −$89	10.8 bp −$1,078	doesn't fit
Sell OKX live order book, 3 min ago	0.28 bp	5.5 bp −$5	6.3 bp −$63	11.6 bp −$1,162	62.7 bp −$31.4K

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	−0.0271%	8h	1,760.5	+0.072%	$48.4M	$167.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.3	+0.061%	$3.9M	$4.6M	75x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,759.7	+0.030%	$1.4M	$10.1M	10x	as long as short
KuCoin SNDKUSDTM	−0.0002%	8h	1,760.5	+0.076%	$6.0M	$22.3M	20x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.3	+0.121%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.1	+0.052%	$278.8M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,760.6	+0.077%	$31.9M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAPshort	0.0000%	8h	1,760.3	+0.063%	$82.2M	$835.9M	75x
RISEx SNDK/USDC	0.0000%	1h	1,761.3	+0.121%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,760	+0.047%	$177.5M	$231.8M	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	1,763.6	+0.250%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.5	+0.076%	$20K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761	+0.102%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.2	+0.057%	$13K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.4	+0.068%	$914	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760	+0.044%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,759.4	+0.009%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.5	+0.072%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,762	+0.161%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,758	−0.069%	—	$579K	10x	as long as short
Nado SNDK-PERP	+0.0029%	1h	1,760.2	+0.058%	$327K	$1.5M	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,760.6	+0.080%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760	+0.044%	$490K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.317%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.5	+0.072%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,760.5	+0.074%	$242K	$667K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.1	+0.051%	$118.7M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.1	+0.108%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,759.2	long leg	$185K	$130K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,760.1	+0.051%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,759.6	+0.022%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,759.6	+0.023%	$1.4M	$5.2M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,761.2	+0.116%	$1.8M	$16.3M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.8	+0.032%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,760	+0.044%	$197K	$305K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,761.6	+0.139%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,759.7	+0.028%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.3	+0.060%	$431K	$2.2M	10x	as long as short
edgeX SNDKUSDC	+0.0296%	4h	1,761.3	+0.121%	$560K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,760.3	+0.065%	$127K	$340K	20x	as long as short