Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.051%

Price spread now: Polymarket Perps against BloFin−0.029%45s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$270.273% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.029%, 7d avg −0.033%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.147%, so the current rate has only just turned in your favour. The two prices were read 45 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	BloFin SNDK-USDT	1,768.1	−0.0120	get 0.0120% / 8h	4h 54m	$3.9M	$4.7M	75x
Short	Polymarket Perps SNDK-USD	1,767.6	0.0050	get 0.0006% / 1h	54m 00s	$194K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: $35.7
Price spread: −0.029% → −0.033%: $0.31
Slippage, 4 orders: −$7.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $8.74
Costs to cover: 0.273%
Break-even: 5.3 days

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 51 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 BloFin live order book, 3 min ago	0.03 bp	6.1 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 51 min ago	2.26 bp	8.4 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit

SNDK on 40 exchanges

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
Kraken Futures PF_SNDKUSD	−0.0126%	1h	1,765.8	−0.128%	$167K	$374K	20x	as long as short
BloFin SNDK-USDTlong	−0.0120%	8h	1,768.1	long leg	$3.9M	$4.7M	75x
Entropy io:SNDK	−0.0036%	1h	1,768.3	+0.010%	$4.5M	$19.2M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,767.2	−0.054%	$21.5M	$32.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,765.7	−0.140%	$281.6M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,765.3	−0.162%	$31.4M	$107.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,765.7	−0.137%	$79.7M	$839.9M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.065%	$146K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,765.8	−0.131%	$180.8M	$209.6M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,765.3	−0.157%	$48.5M	$172.1M	75x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.8	−0.015%	$2.7M	$4.5M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,770.8	+0.154%	$28K	$2.6M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,770.4	+0.129%	$276K	$178K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767	−0.063%	$13K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,767.2	−0.051%	$755	$3.1M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,765.5	−0.150%	$19K	$446K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,766.2	−0.111%	$1.5M	$9.8M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,766.1	−0.114%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0004%	1h	1,767.9	−0.011%	$1.5M	$9.3M	10x	as long as short
Nado SNDK-PERP	+0.0012%	1h	1,768.1	0.000%	$322K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0023%	1h	1,769.5	+0.076%	$751	$39K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,765.2	−0.167%	$1.2M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.4	−0.041%	$410K	$2.4M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.801%	$36	$4K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,768.2	+0.003%	$256K	$1.3M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,767.7	−0.025%	—	$570K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.2	+0.005%	$243K	$696K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,764.4	−0.210%	$122.1M	$150.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,767.6	−0.029%	$194K	$150K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,766.7	−0.082%	$724K	$523K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,768.2	+0.005%	$1.4M	$5.3M	5x	as long as short
Paradex SNDK-USD-PERP	+0.0051%	8h	1,767.4	−0.038%	—	—	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,766.4	−0.100%	$1K	—	10x	as long as short
Lighter SNDK	+0.0096%	1h	1,765.5	−0.149%	$1.8M	$16.5M	20x	as long as short
Pacifica SNDK	+0.0100%	1h	1,768	−0.004%	$193K	$308K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,767.4	−0.039%	$6.1M	$23.1M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,770.8	+0.150%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,765.9	−0.127%	$9K	$6K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0176%	1h	1,767.2	−0.053%	$445K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0568%	4h	1,769.9	+0.098%	$562K	$337K	10x	as long as short