Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: Polymarket Perps against OKX+0.028%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on OKX Short on Polymarket Perps

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−0.057%−$6 · spread now +0.028%, 7d avg −0.075%

Together, before fees−0.146%−$15 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 0.103% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.075%. Mind the row above: over the last 7 days funding on this pair cost −0.089%, 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	OKX SNDK-USDT-SWAP	1,775.6	0	get 0.0000% / 8h	3h 40m	$83.0M	$824.2M	75x
Short	Polymarket Perps SNDK-USD	1,776.1	0.0050	get 0.0006% / 1h	40m 24s	$187K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.5
Price spread: +0.028% → −0.075%: $10.31
Slippage, 4 orders: −$6.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$3.96
Costs to cover: 0.248%
Break-even: 9.6 days

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 11 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 OKX live order book, 4 min ago	0.28 bp	5.3 bp −$5	5.9 bp −$59	10.4 bp −$1,042	58.7 bp −$29.4K
Sell Polymarket Perps live order book, 11 min ago	1.96 bp	8.2 bp −$8	9.3 bp −$93	11.0 bp −$1,104	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	1,777	+0.081%	$4.0M	$4.4M	75x	as long as short
Entropy io:SNDK	−0.0102%	1h	1,778.8	+0.180%	$4.8M	$19.9M	10x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0071%	1h	1,775.6	+0.001%	$51K	$346K	10x	as long as short
KuCoin SNDKUSDTM	−0.0044%	8h	1,777.6	+0.110%	$6.1M	$22.1M	20x	as long as short
Nado SNDK-PERP	−0.0043%	1h	1,778.4	+0.157%	$346K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0019%	1h	1,776.4	+0.044%	$1.4M	$12.2M	10x	as long as short
Coinbase International SNDK-PERP-INTX	−0.0008%	1h	1,780.2	+0.260%	$433K	$2.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,778.5	+0.164%	$21.7M	$33.0M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,775.7	+0.007%	$282.9M	$1.80B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,776.2	+0.034%	$32.4M	$101.4M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAPlong	0.0000%	8h	1,775.6	long leg	$83.0M	$824.2M	75x
RISEx SNDK/USDC	0.0000%	1h	1,777.6	+0.114%	$170K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,775.6	0.000%	$178.7M	$229.3M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,776	+0.020%	$43.7M	$162.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,777.2	+0.089%	$2.6M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,780.4	+0.270%	$17K	$1.5M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.2	+0.372%	$278K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,775.5	−0.006%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,774.1	−0.086%	$685	$3.6M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,775	−0.034%	$1.4M	$10.7M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,775.3	−0.020%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0006%	1h	1,780.5	+0.278%	$662	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,776.3	+0.039%	$1.7M	$15.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,777.9	+0.128%	$1.4M	$9.4M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,775.5	−0.005%	$435K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.372%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,778.7	+0.175%	$265K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,775.4	−0.013%	—	$580K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,776.2	+0.034%	$245K	$651K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,777.5	+0.107%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,776.1	+0.028%	$117.3M	$150.9M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,776.1	+0.028%	$187K	$128K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,775.3	−0.016%	$726K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,776.6	+0.056%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,775.4	−0.010%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,776.9	+0.073%	$198K	$289K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,780.5	+0.278%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,774.6	−0.055%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,776	+0.025%	$129K	$352K	20x	as long as short
edgeX SNDKUSDC	+0.0553%	4h	1,779.1	+0.198%	$565K	$351K	10x	as long as short