Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Polymarket Perps−0.079%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$780.782% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.079%, 7d avg −0.010%

Together, before fees+0.033%+$3 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 SunX is 0.069% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,786.3	0.0050	pay 0.0006% / 1h	52m 49s	$187K	$134K	10x
Short	SunX SNDK-USDT	1,784.9	0	get 0.0000% / 8h	5h 52m	$859	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$10.5
Price spread: −0.079% → −0.010%: −$6.88
Slippage, 4 orders: −$62.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$95.56
Costs to cover: 0.782%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 9 min ago; SunX: 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, 9 min ago	1.96 bp	6.0 bp −$6	7.3 bp −$73	9.3 bp −$926	doesn't fit
Sell SunX live order book, 5 min ago	28.04 bp	32.0 bp −$32	61.6 bp −$616	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	−0.0175%	1h	1,785.5	−0.043%	$51K	$332K	10x	as long as short
Phoenix SNDK	−0.0090%	1h	1,784.5	−0.101%	$278K	$193K	15x	as long as short
QFEX SNDK-USD	−0.0023%	1h	1,786.1	−0.009%	$1.6M	$15.2M	10x	as long as short
Nado SNDK-PERP	−0.0014%	1h	1,787.5	+0.069%	$359K	$1.4M	10x	as long as short
Entropy io:SNDK	−0.0007%	1h	1,785.9	−0.022%	$4.9M	$20.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,786.3	+0.003%	$21.8M	$37.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,786.1	−0.013%	$285.8M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,786.5	+0.008%	$32.1M	$99.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.6	+0.017%	$85.4M	$822.4M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,787.4	+0.064%	$170K	$1.8M	20x	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	1,786	−0.018%	$180.2M	$230.4M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,785.7	−0.035%	$43.8M	$163.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.7	−0.089%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,785.3	−0.055%	$11K	$1.2M	10x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,786	−0.017%	$15K	$290K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,784.9	−0.079%	$859	$3.6M	20x
HTX SNDK-USDT	0.0000%	8h	1,785.2	−0.062%	$1.4M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,785.7	−0.035%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0003%	1h	1,785.5	−0.044%	$664	$37K	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0024%	1h	1,786.2	−0.005%	$436K	$2.3M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.4	+0.063%	$1.7M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,786.4	+0.003%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,786.5	+0.013%	$477K	$1.7M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.765%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,784.3	−0.113%	$311K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.7	−0.035%	—	$581K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.5	+0.011%	$246K	$644K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0048%	8h	1,786.7	+0.024%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,786.3	0.000%	$114.5M	$145.5M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,786.3	long leg	$187K	$134K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,785.5	−0.048%	$730K	$515K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,786.1	−0.011%	$1.4M	$5.0M	5x	as long as short
Kraken Futures PF_SNDKUSD	+0.0058%	1h	1,786.4	+0.003%	$130K	$352K	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,785.3	−0.055%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0094%	1h	1,786.4	+0.004%	$199K	$292K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.6	−0.037%	$6.1M	$21.7M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,785.8	−0.026%	$69K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.1	−0.067%	$8K	$3K	20x	as long as short
edgeX SNDKUSDC	+0.0735%	4h	1,785.1	−0.069%	$567K	$352K	10x	as long as short