SNDK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.063%

Price spread now: Polymarket Perps against Kraken Futures−0.076%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.816%−$82 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.076%, 7d avg −0.036%

Together, before fees−0.740%−$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.040% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,761.1	0.0274	pay 0.0034% / 1h	32m 05s	$127K	$339K	20x
Short	Polymarket Perps SNDK-USD	1,759.8	0.0050	get 0.0006% / 1h	32m 05s	$185K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$47.07
Price spread: −0.076% → −0.036%: −$4.01
Slippage, 4 orders: −$30.43
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$99.51
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Polymarket Perps: live order book, 5 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 Kraken Futures live order book, 6 min ago	2.55 bp	15.3 bp −$15	38.4 bp −$384	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.27 bp	6.3 bp −$6	6.3 bp −$63	8.7 bp −$871	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	−0.0270%	8h	1,761.6	+0.027%	$48.4M	$166.0M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.1	−0.001%	$3.9M	$4.6M	75x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,761.5	+0.020%	$330K	$1.5M	10x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.1	−0.002%	$6.0M	$22.4M	20x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761	−0.007%	$1.4M	$10.0M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.8	+0.093%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.9	+0.044%	$279.9M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,762.1	+0.053%	$31.7M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.9	+0.044%	$82.3M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.2	+0.063%	$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_USDT	0.0000%	8h	1,761	−0.005%	$177.7M	$228.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,761.1	−0.004%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.3	+0.067%	$16K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,762.4	+0.072%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.6	−0.030%	$14K	$290K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,760.7	−0.023%	$828	$3.4M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,760.8	−0.018%	$51K	$353K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.4	−0.044%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.9	−0.014%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,761.9	+0.041%	$673	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0017%	1h	1,759.3	−0.103%	—	$579K	10x	as long as short
Lighter SNDK	+0.0032%	1h	1,762	+0.046%	$1.8M	$16.3M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.2	+0.002%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761.3	+0.010%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.205%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.6	−0.031%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.1	−0.002%	$243K	$652K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.8	+0.038%	$119.7M	$159.7M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.7	+0.032%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,759.8	−0.076%	$185K	$128K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,760.7	−0.022%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,760.9	−0.014%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,760.9	−0.013%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.4	−0.041%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.1	+0.001%	$197K	$308K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.1	+0.055%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.3	−0.047%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.073%	$429K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0274%	1h	1,761.1	long leg	$127K	$339K	20x
edgeX SNDKUSDC	+0.0798%	4h	1,761.8	+0.040%	$560K	$351K	10x	as long as short