Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.019%

Price spread now: Aster against Polymarket Perps−0.003%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days+0.122%+$12 · spread now −0.003%, 7d avg +0.084%

Together, before fees+0.205%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.087% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,785.8	0.0050	pay 0.0006% / 1h	49m 17s	$187K	$135K	10x
Short	Aster SNDKUSD1	1,785.7	0	get 0.0000% / 8h	7h 49m	$21.8M	$46.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$10.5
Price spread: −0.003% → +0.084%: −$8.66
Slippage, 4 orders: −$8.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.35
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 23 min ago; Aster: 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 Polymarket Perps live order book, 23 min ago	0.28 bp	5.2 bp −$5	9.2 bp −$92	10.9 bp −$1,092	doesn't fit
Sell Aster live order book, 5 min ago	1.09 bp	5.5 bp −$5	9.3 bp −$93	doesn't fit	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
BloFin SNDK-USDT	−0.0120%	8h	1,786.4	+0.034%	$4.1M	$4.5M	75x	as long as short
Aster SNDKUSD1short	0.0000%	8h	1,785.7	−0.003%	$21.8M	$46.6M	20x
Binance SNDKUSDT	0.0000%	8h	1,786.6	+0.043%	$286.1M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,787.2	+0.078%	$32.3M	$100.7M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,786.9	+0.062%	$86.8M	$837.4M	75x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,786.3	+0.029%	$182.8M	$232.7M	75x	as long as short
Bitget SNDKUSDT	0.0000%	8h	1,786.5	+0.038%	$48.3M	$168.9M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,784.1	−0.095%	$2.6M	$4.6M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,782.4	−0.193%	$9K	$1.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,782.8	−0.168%	$278K	$195K	15x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SNDK-USDT	0.0000%	8h	1,785.2	−0.036%	$616	$3.9M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,787	+0.068%	$50K	$311K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,786	+0.011%	$1.5M	$11.0M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,786.6	+0.047%	$2.8M	$1.0M	50x	as long as short
QFEX SNDK-USD	+0.0001%	1h	1,785.8	−0.003%	$2.2M	$20.8M	10x	as long as short
RISEx SNDK/USDC	+0.0004%	1h	1,785.9	+0.004%	$175K	$1.8M	20x	as long as short
Aftermath Perps SNDKUSD	+0.0011%	1h	1,782.2	−0.204%	$789	$37K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,787.7	+0.105%	$1.6M	$16.0M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,787.1	+0.071%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,787.3	+0.081%	$419K	$1.6M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+0.793%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,782.4	−0.188%	$286K	$1.6M	10x	as long as short
Nado SNDK-PERP	+0.0043%	1h	1,786.2	+0.021%	$354K	$1.4M	10x	as long as short
Vest SNDK-USD-PERP	+0.0046%	1h	1,785.9	+0.008%	—	$674K	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,786.2	+0.022%	$247K	$655K	20x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,782.7	−0.174%	$4.7M	$19.9M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,785.8	long leg	$187K	$135K	10x
Paradex SNDK-USD-PERP	+0.0050%	8h	1,786.3	+0.026%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,784.9	−0.050%	$1.4M	$4.9M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,786.3	+0.029%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,785.4	−0.022%	$199K	$293K	10x	as long as short
KuCoin SNDKUSDTM	+0.0100%	8h	1,785.5	−0.018%	$6.1M	$22.0M	20x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,783.5	−0.128%	$69K	$269K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,785.3	−0.028%	$8K	$3K	20x	as long as short
Bullet SNDK-USD	+0.0125%	1h	1,786.5	+0.039%	$14K	$290K	10x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0128%	1h	1,784.7	−0.063%	$442K	$2.3M	10x	as long as short
tradeXYZ xyz:SNDK	+0.0181%	1h	1,786.4	+0.034%	$114.8M	$149.9M	10x	as long as short
SoDEX SNDK-USD	+0.0557%	1h	1,785.7	−0.008%	$730K	$527K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0661%	1h	1,787	+0.070%	$130K	$398K	20x	as long as short
edgeX SNDKUSDC	+0.0902%	4h	1,781.7	−0.228%	$566K	$354K	10x	as long as short