Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: Bybit against Polymarket Perps+0.071%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.071%, 7d avg +0.092%

Together, before fees+0.128%+$13 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 Bybit is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.092%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.104%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,790.8	0.0050	pay 0.0006% / 1h	24m 56s	$187K	$135K	10x
Short	Bybit SNDKUSDT	1,792.1	0	get 0.0000% / 8h	7h 24m	$32.1M	$100.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$10.5
Price spread: +0.071% → +0.092%: −$2.07
Slippage, 4 orders: −$7.29
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.87
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 47 min ago; Bybit: 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, 47 min ago	0.28 bp	5.2 bp −$5	9.2 bp −$92	10.9 bp −$1,092	doesn't fit
Sell Bybit live order book, 4 min ago	0.34 bp	7.6 bp −$8	12.2 bp −$122	39.4 bp −$3,935	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	1,791.3	+0.029%	$4.1M	$4.5M	75x	as long as short
Deribit SNDK_USDC-PERPETUAL	−0.0096%	1h	1,791.4	+0.036%	$50K	$314K	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,791.8	+0.054%	$21.8M	$43.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,791.5	+0.039%	$286.5M	$1.84B	75x	as long as short
Bybit SNDKUSDTshort	0.0000%	8h	1,792.1	+0.071%	$32.1M	$100.2M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,791.6	+0.045%	$86.6M	$836.1M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,791.2	+0.023%	$182.5M	$235.2M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,791.5	+0.037%	$48.1M	$169.2M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,792.4	+0.087%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,793.3	+0.137%	$22K	$1.1M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix SNDK	0.0000%	1h	1,787.7	−0.173%	$278K	$195K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,791.2	+0.023%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,790	−0.047%	$863	$3.8M	20x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,791	+0.013%	$1.5M	$10.9M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,791.3	+0.028%	$2.8M	$1.1M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,791	+0.010%	$2.0M	$19.7M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,792.3	+0.082%	$171K	$1.8M	20x	as long as short
Nado SNDK-PERP	+0.0007%	1h	1,792.6	+0.098%	$350K	$1.4M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0009%	1h	1,789.8	−0.057%	$684	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,792.5	+0.094%	$1.7M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,792	+0.066%	$1.4M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,792.6	+0.102%	$440K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.512%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,790.2	−0.035%	$305K	$1.6M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,791.6	+0.043%	—	$585K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,791.3	+0.028%	$246K	$648K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,791.8	+0.056%	$115.1M	$148.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,790.2	−0.034%	$4.9M	$20.3M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,790.8	long leg	$187K	$135K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,791.5	+0.041%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,793.6	+0.156%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,790.7	−0.004%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,791.4	+0.032%	$199K	$291K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,791.1	+0.017%	$6.1M	$21.9M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,793.8	+0.170%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,790.7	−0.003%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,793.9	+0.171%	$443K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0240%	1h	1,791.3	+0.029%	$732K	$515K	10x	as long as short
edgeX SNDKUSDC	+0.0285%	4h	1,791.6	+0.046%	$569K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0659%	1h	1,791.5	+0.040%	$130K	$379K	20x	as long as short