Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: Polymarket Perps against KuCoin+0.017%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on KuCoin Short on Polymarket Perps

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−0.065%−$7 · spread now +0.017%, 7d avg −0.053%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.070% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SNDKUSDTM	1,761.4	0	get 0.0000% / 8h	7h 59m	$6.0M	$22.6M	20x
Short	Polymarket Perps SNDK-USD	1,761.7	0.0050	get 0.0006% / 1h	59m 16s	$185K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: $10.5
Price spread: +0.017% → −0.053%: $7.02
Slippage, 4 orders: −$16.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.72
Costs to cover: 0.362%
Break-even: 19.5 days

Slippage from KuCoin: live order book, 10 min ago; Polymarket Perps: live order book, 38 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 KuCoin live order book, 10 min ago	0.45 bp	10.6 bp −$11	42.9 bp −$429	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 38 min ago	2.27 bp	6.3 bp −$6	6.3 bp −$63	8.7 bp −$871	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
Bullet SNDK-USD	−0.0337%	1h	1,759	−0.136%	$13K	$289K	10x	as long as short
HTX SNDK-USDT	−0.0243%	8h	1,758.5	−0.166%	$1.4M	$10.5M	50x	as long as short
Bitget SNDKUSDT	−0.0235%	8h	1,759.5	−0.107%	$50.0M	$165.8M	75x	as long as short
tradeXYZ xyz:SNDK	−0.0213%	1h	1,761	−0.023%	$120.0M	$157.9M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0210%	1h	1,760.3	−0.061%	$51K	$375K	10x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.7	−0.098%	$3.9M	$4.6M	75x	as long as short
SoDEX SNDK-USD	−0.0059%	1h	1,759.1	−0.133%	$719K	$520K	10x	as long as short
Popdex SNDKUSDT	−0.0024%	1h	1,760.2	−0.068%	$242K	$647K	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761.5	+0.005%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.4	−0.001%	$21.5M	$32.9M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SNDKUSDT	0.0000%	8h	1,760.4	−0.056%	$279.7M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.1	−0.015%	$31.9M	$103.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.5	−0.108%	$82.3M	$830.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	+0.041%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.9	−0.088%	$179.2M	$215.3M	75x	as long as short
KuCoin SNDKUSDTMlong	0.0000%	8h	1,761.4	long leg	$6.0M	$22.6M	20x
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.015%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.3	−0.004%	$19K	$2.1M	10x	as long as short
Nado SNDK-PERP	0.0000%	1h	1,763.1	+0.099%	$327K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−0.011%	$274K	$193K	15x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.7	+0.019%	$844	$3.4M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759	−0.139%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,759.4	−0.111%	—	$577K	10x	as long as short
Lighter RH SNDK	+0.0016%	1h	1,760.5	−0.052%	$1.2M	$9.3M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0017%	1h	1,761.7	+0.014%	$673	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.5	−0.052%	$1.8M	$16.1M	20x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.7	+0.015%	$481K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.189%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.045%	$256K	$1.5M	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,763.3	+0.105%	—	—	5x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.4	0.000%	$4.6M	$19.6M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,761.7	+0.017%	$185K	$128K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761	−0.023%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,759.9	−0.086%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,762.3	+0.051%	$198K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,763	+0.089%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.9	−0.028%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,760.2	−0.070%	$427K	$2.1M	10x	as long as short
edgeX SNDKUSDC	+0.0125%	4h	1,762.3	+0.053%	$560K	$351K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0284%	1h	1,760.3	−0.061%	$126K	$343K	20x	as long as short