Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against KuCoin−0.119%49s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as 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−$440.435% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.119%, 7d avg −0.053%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.066% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.053%). If the spread goes back, that is −$7 on $10k: about 2.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour. The two prices were read 49 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	KuCoin SNDKUSDTM	1,769.6	−0.0030	get 0.0030% / 8h	2h 09m	$6.1M	$22.1M	20x
Short	Polymarket Perps SNDK-USD	1,767.5	0.0050	get 0.0006% / 1h	9m 44s	$185K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.119%Rate

Funding earned: $16.8
Price spread: −0.119% → −0.053%: −$6.61
Slippage, 4 orders: −$23.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$33.36
Costs to cover: 0.435%
Break-even: 20.9 days

Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: live order book, 37 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 KuCoin live order book, 4 min ago	0.99 bp	13.9 bp −$14	56.8 bp −$568	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 37 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	−0.0310%	8h	1,769.9	+0.015%	$47.1M	$164.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,768.4	−0.070%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTMlong	−0.0030%	8h	1,769.6	long leg	$6.1M	$22.1M	20x
QFEX SNDK-USD	−0.0004%	1h	1,767.9	−0.099%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,770.9	+0.074%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,770.1	+0.029%	$281.0M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,770.4	+0.047%	$31.9M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,770.2	+0.033%	$82.1M	$835.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	−0.018%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,769.8	+0.012%	$176.6M	$231.7M	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	1,767.4	−0.126%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,761.7	−0.446%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.7	−0.447%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,768.7	−0.051%	$14K	$288K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,769.2	−0.023%	$879	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,769.1	−0.027%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,769	−0.036%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,769	−0.037%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0008%	1h	1,768.5	−0.060%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0011%	1h	1,766.2	−0.190%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,764.3	−0.300%	$656	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,769.5	−0.006%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,770.4	+0.042%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,769.2	−0.025%	$439K	$1.9M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.715%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,764.2	−0.307%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.5	−0.063%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,769.9	+0.016%	$119.1M	$157.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,767.2	−0.136%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,767.5	−0.119%	$185K	$131K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,767.6	−0.113%	$723K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,770	+0.022%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.011%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.029%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,771.3	+0.093%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,768.6	−0.057%	$1K	—	10x	as long as short
edgeX SNDKUSDC	+0.0095%	4h	1,764.1	−0.313%	$560K	$351K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,764.5	−0.287%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,768.4	−0.067%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSD	+0.0121%	1h	1,769.4	−0.012%	$127K	$347K	20x	as long as short