SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.019%

Price spread now: QFEX against Polymarket Perps−0.016%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.016%, 7d avg +0.042%

Together, before fees+0.078%+$8 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 QFEX is 0.058% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,772.2	0.0050	pay 0.0006% / 1h	24m 40s	$186K	$128K	10x
Short	QFEX SNDK-USD	1,771.9	−0.0019	pay 0.0002% / 1h	24m 40s	$1.4M	$12.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$14.41
Price spread: −0.016% → +0.042%: −$5.8
Slippage, 4 orders: −$8.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$47.01
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 27 min ago; QFEX: live order book, 4 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, 27 min ago	1.96 bp	6.0 bp −$6	6.9 bp −$69	8.9 bp −$890	doesn't fit
Sell QFEX live order book, 4 min ago	0.56 bp	5.6 bp −$6	5.6 bp −$56	10.2 bp −$1,015	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	1,772.8	+0.033%	$3.9M	$4.4M	75x	as long as short
KuCoin SNDKUSDTM	−0.0042%	8h	1,773.5	+0.074%	$6.1M	$22.0M	20x	as long as short
Entropy io:SNDK	−0.0038%	1h	1,774.7	+0.141%	$4.8M	$19.7M	10x	as long as short
Nado SNDK-PERP	−0.0033%	1h	1,772.6	+0.020%	$345K	$1.5M	10x	as long as short
QFEX SNDK-USDshort	−0.0019%	1h	1,771.9	−0.016%	$1.4M	$12.0M	10x
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,774.1	+0.106%	$431K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,775	+0.160%	$21.7M	$32.3M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,772.4	+0.013%	$281.7M	$1.81B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,772.5	+0.015%	$32.2M	$101.9M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,771.9	−0.017%	$82.1M	$824.6M	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	1,773.9	+0.098%	$169K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,772.5	+0.017%	$176.8M	$230.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,771.8	−0.025%	$44.3M	$162.3M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,774.1	+0.105%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,777.9	+0.320%	$20K	$1.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,777.5	+0.299%	$277K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,772.5	+0.019%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,771.4	−0.045%	$944	$3.6M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,772.8	+0.031%	$51K	$346K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,772.1	−0.007%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,772.8	+0.036%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0008%	1h	1,776.3	+0.230%	$734	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,773.5	+0.075%	$1.7M	$15.8M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,773.1	+0.051%	$1.4M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,771.8	−0.024%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.566%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,773.6	+0.076%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,770.7	−0.084%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,772.7	+0.028%	$244K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,772.1	−0.003%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,772.5	+0.017%	$117.2M	$151.9M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,772.2	long leg	$186K	$128K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,773.1	+0.051%	$725K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,771.5	−0.039%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,772.2	0.000%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,772.5	+0.016%	$197K	$288K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,776.8	+0.260%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,772.2	+0.001%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,772.8	+0.033%	$128K	$353K	20x	as long as short
edgeX SNDKUSDC	+0.0410%	4h	1,777	+0.272%	$564K	$351K	10x	as long as short