Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Phemex+0.251%46s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as 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−$630.629% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.251%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.290% dearer against Phemex than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 46 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 | Phemex SNDKUSDT | 1,763.6 | 0 | get 0.0000% / 8h | 6h 16m | $2.8M | $1.1M | 50x |
| Short | Polymarket Perps SNDK-USD | 1,768 | 0.0050 | get 0.0006% / 1h | 16m 33s | $187K | $130K | 10x |
Phemex SNDKUSDT
Polymarket Perps SNDK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: +0.251% → −0.039%
- $29.03
- Slippage, 4 orders
- −$42.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$23.36
- Costs to cover
- 0.629%
- Break-even
- 22.6 days
Slippage from Phemex: live order book, 5 min ago; Polymarket Perps: live order book, 33 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 Phemex live order book, 5 min ago | 2.10 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 33 min ago | 2.28 bp | 7.4 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
SNDK on 40 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SNDK-USDT | −0.0120% | 8h | 1,763.9 | +0.020% | $4.0M | $4.6M | 75x | as long as short |
| Nado SNDK-PERP | −0.0019% | 1h | 1,762.6 | −0.056% | $325K | $1.5M | 10x | as long as short |
| Bitget SNDKUSDT | −0.0014% | 8h | 1,768.2 | +0.264% | $49.9M | $168.3M | 75x | as long as short |
| Aster SNDKUSD1 | 0.0000% | 8h | 1,768.1 | +0.255% | $21.5M | $32.5M | 20x | as long as short |
| Binance SNDKUSDT | 0.0000% | 8h | 1,768.5 | +0.278% | $281.1M | $1.85B | 75x | as long as short |
| Bybit SNDKUSDT | 0.0000% | 8h | 1,768.4 | +0.273% | $31.7M | $105.6M | 100x | as long as short |
| OKX SNDK-USDT-SWAP | 0.0000% | 8h | 1,768.1 | +0.257% | $82.6M | $829.2M | 75x | as long as short |
| RISEx SNDK/USDC | 0.0000% | 1h | 1,768.7 | +0.293% | $137K | $1.5M | 20x | as long as short |
| Gate SNDK_USDT | 0.0000% | 8h | 1,767.8 | +0.240% | $182.0M | $218.9M | 75x | as long as short |
| Variational Omni SNDK | 0.0000% | 8h | 1,761.5 | −0.117% | $2.7M | $4.7M | — | as long as short |
BloFin SNDK-USDT
Nado SNDK-PERP
Bitget SNDKUSDT
Aster SNDKUSD1
Binance SNDKUSDT
Bybit SNDKUSDT
OKX SNDK-USDT-SWAP
RISEx SNDK/USDC
Gate SNDK_USDT
Variational Omni SNDKShow all 40 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SNDK | 0.0000% | 1h | 1,762 | −0.089% | $274K | $189K | 15x | as long as short |
| Bullet SNDK-USD | 0.0000% | 1h | 1,768.2 | +0.265% | $14K | $288K | 10x | as long as short |
| SunX SNDK-USDT | 0.0000% | 8h | 1,762.3 | −0.071% | $606 | $3.1M | 20x | as long as short |
| Deribit SNDK_USDC-PERPETUAL | 0.0000% | 1h | 1,762.3 | −0.073% | $37K | $388K | 10x | as long as short |
| HTX SNDK-USDT | 0.0000% | 8h | 1,761.8 | −0.101% | $1.4M | $9.7M | 50x | as long as short |
| Phemex SNDKUSDTlong | 0.0000% | 8h | 1,763.6 | long leg | $2.8M | $1.1M | 50x | |
| QFEX SNDK-USD | 0.0000% | 1h | 1,767.8 | +0.237% | $1.5M | $9.4M | 10x | as long as short |
| Aftermath Perps SNDKUSD | +0.0014% | 1h | 1,763 | −0.035% | $674 | $39K | 5x | as long as short |
| Lighter RH SNDK | +0.0032% | 1h | 1,767.2 | +0.203% | $1.2M | $9.6M | 10x | as long as short |
| Extended SNDK_24_5-USD | +0.0032% | 1h | 1,767 | +0.194% | $393K | $2.3M | 10x | as long as short |
| Injective SNDK/USDC PERP | +0.0033% | 1h | 1,800 | +2.063% | $36 | $9K | 12x | as long as short |
| Lighter SNDK | +0.0040% | 1h | 1,767.3 | +0.211% | $1.8M | $16.8M | 20x | as long as short |
| Arcus SNDK-USD | +0.0040% | 1h | 1,767.6 | +0.226% | $271K | $1.4M | 10x | as long as short |
| Vest SNDK-USD-PERP | +0.0046% | 1h | 1,766.8 | +0.184% | — | $569K | 10x | as long as short |
| Popdex SNDKUSDT | +0.0048% | 1h | 1,768 | +0.251% | $246K | $681K | 20x | as long as short |
| tradeXYZ xyz:SNDK | +0.0050% | 1h | 1,768.1 | +0.257% | $120.6M | $155.2M | 10x | as long as short |
| Entropy io:SNDK | +0.0050% | 1h | 1,764.3 | +0.041% | $4.5M | $19.3M | 10x | as long as short |
| Polymarket Perps SNDK-USDshort | +0.0050% | 1h | 1,768 | +0.251% | $187K | $130K | 10x | |
| SoDEX SNDK-USD | +0.0050% | 1h | 1,762.9 | −0.041% | $723K | $517K | 10x | as long as short |
| Ondo Perps SNDK-USD.P | +0.0050% | 1h | 1,768.1 | +0.257% | $1.4M | $5.3M | 5x | as long as short |
| Paradex SNDK-USD-PERP | +0.0051% | 8h | 1,767.5 | +0.223% | — | — | 5x | as long as short |
| GRVT SNDK_USDT_Perp | +0.0075% | 8h | 1,762.3 | −0.070% | $22K | $2.4M | 10x | as long as short |
| Aevo SNDK-PERP | +0.0080% | 1h | 1,762.7 | −0.052% | $1K | — | 10x | as long as short |
| Pacifica SNDK | +0.0100% | 1h | 1,766.9 | +0.190% | $198K | $306K | 10x | as long as short |
| KuCoin SNDKUSDTM | +0.0100% | 8h | 1,764.6 | +0.057% | $6.1M | $22.8M | 20x | as long as short |
| ApeX Omni SNDKUSDT | +0.0100% | 1h | 1,762.4 | −0.065% | $68K | $271K | 50x | as long as short |
| Orderly PERP_SNDK_USDC_mythos | +0.0100% | 8h | 1,762.2 | −0.079% | $8K | $3K | 20x | as long as short |
| Coinbase International SNDK-PERP-INTX | +0.0136% | 1h | 1,763.3 | −0.016% | $441K | $2.1M | 10x | as long as short |
| edgeX SNDKUSDC | +0.0420% | 4h | 1,761.9 | −0.093% | $560K | $340K | 10x | as long as short |
| Kraken Futures PF_SNDKUSD | +0.0553% | 1h | 1,761.8 | −0.099% | $163K | $373K | 20x | as long as short |
Phoenix SNDK
Bullet SNDK-USD
SunX SNDK-USDT
Deribit SNDK_USDC-PERPETUAL
HTX SNDK-USDT
QFEX SNDK-USD
Aftermath Perps SNDKUSD
Lighter RH SNDK
Extended SNDK_24_5-USD
Injective SNDK/USDC PERP
Lighter SNDK
Arcus SNDK-USD
Vest SNDK-USD-PERP
Popdex SNDKUSDT
tradeXYZ xyz:SNDK
Entropy io:SNDK
SoDEX SNDK-USD
Ondo Perps SNDK-USD.P
Paradex SNDK-USD-PERP
GRVT SNDK_USDT_Perp
Aevo SNDK-PERP
Pacifica SNDK
KuCoin SNDKUSDTM
ApeX Omni SNDKUSDT
Orderly PERP_SNDK_USDC_mythos
Coinbase International SNDK-PERP-INTX
edgeX SNDKUSDC
Kraken Futures PF_SNDKUSD