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: Polymarket Perps against Gate−0.044%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Gate Short on Polymarket Perps

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−0.020%−$2 · spread now −0.044%, 7d avg −0.084%

Together, before fees−0.034%−$3 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 0.041% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SNDK_USDT	1,766.6	0	get 0.0000% / 8h	2h 04m	$177.0M	$232.2M	75x
Short	Polymarket Perps SNDK-USD	1,765.8	0.0050	get 0.0006% / 1h	4m 17s	$185K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.044%Rate

Funding earned: $10.5
Price spread: −0.044% → −0.084%: $4.06
Slippage, 4 orders: −$12.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.47
Costs to cover: 0.350%
Break-even: 20.6 days

Slippage from Gate: live order book, 5 min ago; Polymarket Perps: live order book, 43 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 Gate live order book, 5 min ago	0.71 bp	9.0 bp −$9	13.9 bp −$139	34.6 bp −$3,464	58.3 bp −$29.1K
Sell Polymarket Perps live order book, 43 min ago	2.83 bp	6.8 bp −$7	8.2 bp −$82	10.0 bp −$1,001	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	−0.0247%	8h	1,766.1	−0.029%	$47.2M	$164.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,766.5	−0.002%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0024%	8h	1,766.3	−0.015%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,766.3	−0.013%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,766.9	+0.016%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,766.2	−0.023%	$280.1M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,766.3	−0.014%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,766.5	−0.004%	$82.2M	$834.1M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,767.9	+0.072%	$122K	$1.6M	20x	as long as short
Gate SNDK_USDTlong	0.0000%	8h	1,766.6	long leg	$177.0M	$232.2M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.8	+0.068%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,768.5	+0.110%	$20K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,768.3	+0.098%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,766.7	+0.007%	$13K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,765.6	−0.054%	$1K	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,766.4	−0.010%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,765.4	−0.065%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,765.6	−0.057%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0013%	1h	1,766.1	−0.025%	$328K	$1.5M	10x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,766.6	+0.003%	$657	$37K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,765	−0.089%	—	$581K	10x	as long as short
Pacifica SNDK	+0.0024%	1h	1,766.1	−0.027%	$196K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,766	−0.030%	$1.3M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,766.2	−0.023%	$457K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.890%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,766.1	−0.025%	$261K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,766.9	+0.019%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,766.7	+0.007%	$119.0M	$158.1M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.6	+0.002%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,765.8	−0.044%	$185K	$131K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,765.8	−0.042%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,766.5	−0.004%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.202%	$437K	$2.3M	10x	as long as short
SoDEX SNDK-USD	+0.0075%	1h	1,765.7	−0.049%	$722K	$520K	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,766.6	+0.002%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,765.9	−0.039%	$1K	—	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.8	+0.126%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,766.6	−0.001%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0122%	1h	1,766.6	0.000%	$127K	$347K	20x	as long as short
edgeX SNDKUSDC	+0.0160%	4h	1,768.5	+0.109%	$562K	$352K	10x	as long as short