Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps−0.019%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.019%, 7d avg +0.084%

Together, before fees+0.097%+$10 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 Gate is 0.104% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,755.4	0.0050	pay 0.0006% / 1h	26m 33s	$184K	$132K	10x
Short	Gate SNDK_USDT	1,755.1	0	get 0.0000% / 8h	2h 26m	$174.8M	$230.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$10.5
Price spread: −0.019% → +0.084%: −$10.36
Slippage, 4 orders: −$17.01
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.87
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 20 min ago; Gate: live order book, 2 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, 20 min ago	2.83 bp	8.9 bp −$9	9.3 bp −$93	10.3 bp −$1,031	doesn't fit
Sell Gate live order book, 2 min ago	0.51 bp	12.2 bp −$12	22.8 bp −$228	34.5 bp −$3,451	58.5 bp −$29.3K

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
Bitget SNDKUSDT	−0.0294%	8h	1,756.8	+0.079%	$44.7M	$162.7M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,756.3	+0.050%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0045%	8h	1,755.2	−0.014%	$6.0M	$22.1M	20x	as long as short
Entropy io:SNDK	−0.0011%	1h	1,756.4	+0.057%	$4.7M	$19.8M	10x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,754.4	−0.060%	$1.4M	$10.7M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,756.1	+0.042%	$21.5M	$33.5M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,755.6	+0.009%	$278.9M	$1.84B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,755.8	+0.024%	$31.6M	$103.2M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,756.3	+0.051%	$81.4M	$826.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,756	+0.037%	$120K	$1.6M	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SNDK_USDTshort	0.0000%	8h	1,755.1	−0.019%	$174.8M	$230.6M	75x
Variational Omni SNDK	0.0000%	8h	1,758.8	+0.192%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,758.2	+0.161%	$15K	$1.7M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760.4	+0.285%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,757	+0.089%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,755.5	+0.006%	$674	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,755.2	−0.013%	$50K	$347K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,755.4	−0.001%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,756.1	+0.039%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0002%	1h	1,755.2	−0.011%	$326K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0007%	1h	1,753.1	−0.133%	—	$584K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,759	+0.206%	$654	$38K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,755.2	−0.010%	$195K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,755.3	−0.006%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,754.3	−0.064%	$419K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.538%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,756.4	+0.059%	$261K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,755.7	+0.017%	$242K	$657K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,754.3	−0.063%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,757.1	+0.097%	$117.3M	$156.3M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,755.4	long leg	$184K	$132K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,755.8	+0.020%	$717K	$514K	10x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,755.5	+0.006%	$1.3M	$5.1M	5x	as long as short
Lighter SNDK	+0.0064%	1h	1,755.9	+0.030%	$1.8M	$16.2M	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,758.9	+0.200%	$433K	$2.3M	10x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,754.8	−0.034%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,759.4	+0.227%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,754.5	−0.054%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,755.3	−0.007%	$126K	$354K	20x	as long as short
edgeX SNDKUSDC	+0.0717%	4h	1,759.4	+0.228%	$559K	$354K	10x	as long as short