Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Bybit−0.099%57s7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$310.309% of the position

Long on Bybit Short on Polymarket Perps

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+0.056%+$6 · spread now −0.099%, 7d avg −0.090%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 57 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	Bybit SNDKUSDT	1,762.3	0	get 0.0000% / 8h	1h 25m	$31.8M	$103.5M	100x
Short	Polymarket Perps SNDK-USD	1,760.6	0.0050	get 0.0006% / 1h	25m 34s	$185K	$132K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: $10.5
Price spread: −0.099% → −0.090%: −$0.9
Slippage, 4 orders: −$11.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.35
Costs to cover: 0.309%
Break-even: 21.2 days

Slippage from Bybit: live order book, 3 min ago; Polymarket Perps: live order book, 16 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 Bybit live order book, 3 min ago	0.43 bp	7.5 bp −$8	12.4 bp −$124	34.9 bp −$3,488	doesn't fit
Sell Polymarket Perps live order book, 16 min ago	2.28 bp	7.7 bp −$8	8.0 bp −$80	9.4 bp −$943	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
Bitget SNDKUSDT	−0.0366%	8h	1,762.2	−0.007%	$47.9M	$166.3M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,760.2	−0.120%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,760.8	−0.085%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,761.7	−0.035%	$1.4M	$10.3M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.8	−0.031%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,762.1	−0.015%	$280.0M	$1.86B	75x	as long as short
Bybit SNDKUSDTlong	0.0000%	8h	1,762.3	long leg	$31.8M	$103.5M	100x
OKX SNDK-USDT-SWAP	0.0000%	8h	1,762.4	+0.003%	$82.5M	$836.3M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	−0.015%	$120K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.8	−0.031%	$176.9M	$231.0M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.5	−0.045%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	−0.121%	$10K	$2.0M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,758.9	−0.195%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.7	−0.036%	$14K	$289K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,759.9	−0.137%	$857	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.7	−0.036%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761	−0.074%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,762.6	+0.015%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,759.9	−0.140%	$723	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,760.1	−0.129%	—	$581K	10x	as long as short
Nado SNDK-PERP	+0.0017%	1h	1,762.5	+0.012%	$328K	$1.5M	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,763	+0.037%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,762.2	−0.009%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.5	−0.046%	$491K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.135%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.4	−0.167%	$253K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,762.2	−0.008%	$242K	$668K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	−0.031%	$118.5M	$159.0M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,760.6	−0.099%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,760.6	−0.099%	$185K	$132K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,760.8	−0.086%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.8	−0.033%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.6	−0.042%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761.4	−0.052%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.8	−0.031%	$197K	$304K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.4	−0.110%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,761.5	−0.049%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,761	−0.078%	$431K	$2.3M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,762	−0.022%	$127K	$346K	20x	as long as short
edgeX SNDKUSDC	+0.0891%	4h	1,760.1	−0.129%	$559K	$351K	10x	as long as short