Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Polymarket Perps−0.023%49s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.305% of the position

Long on Polymarket Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.115%+$11 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.023%, 7d avg +0.015%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.039% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.015%. 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	Polymarket Perps SNDK-USD	1,750.6	0.0050	pay 0.0006% / 1h	20m 35s	$184K	$129K	10x
Short	SoDEX SNDK-USD	1,750.2	0.0050	get 0.0006% / 1h	20m 35s	$716K	$521K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.015%: −$3.89
Slippage, 4 orders: −$14.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$34.43
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 76 min ago; SoDEX: live order book, 13 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, 76 min ago	2.27 bp	8.9 bp −$9	9.3 bp −$93	10.3 bp −$1,026	doesn't fit
Sell SoDEX live order book, 13 min ago	0.03 bp	7.7 bp −$8	38.9 bp −$389	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
GRVT SNDK_USDT_Perp	−0.0285%	8h	1,747.9	−0.153%	$19K	$2.2M	10x	as long as short
Bitget SNDKUSDT	−0.0212%	8h	1,752	+0.079%	$49.9M	$168.1M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,752.3	+0.097%	$4.0M	$4.6M	75x	as long as short
HTX SNDK-USDT	−0.0050%	8h	1,751.1	+0.029%	$1.4M	$10.0M	50x	as long as short
KuCoin SNDKUSDTM	−0.0035%	8h	1,751.1	+0.031%	$6.0M	$22.6M	20x	as long as short
Nado SNDK-PERP	−0.0015%	1h	1,750.2	−0.025%	$333K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0002%	1h	1,752.3	+0.099%	$1.4M	$9.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,751.8	+0.067%	$21.3M	$32.6M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,752.3	+0.100%	$279.0M	$1.87B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,753	+0.137%	$32.0M	$105.0M	100x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SNDK-USDT-SWAP	0.0000%	8h	1,752.6	+0.114%	$82.1M	$826.2M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,752.3	+0.096%	$136K	$1.5M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,752.4	+0.104%	$179.9M	$220.4M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,752.6	+0.113%	$2.5M	$4.8M	—	as long as short
Phoenix SNDK	0.0000%	1h	1,747.4	−0.183%	$272K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,752.5	+0.109%	$14K	$291K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,751	+0.020%	$970	$3.3M	20x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,752.3	+0.095%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0012%	1h	1,751.1	+0.029%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0013%	1h	1,747.4	−0.183%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,752.5	+0.106%	$1.7M	$16.6M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,752.2	+0.091%	$1.2M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,752	+0.078%	$385K	$2.2M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.820%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,751.1	+0.030%	$250K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,752.5	+0.109%	$245K	$668K	20x	as long as short
Paradex SNDK-USD-PERP	+0.0049%	8h	1,751.6	+0.055%	—	—	5x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,751.7	+0.063%	$118.9M	$158.8M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,749.7	−0.051%	$4.5M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,750.6	long leg	$184K	$129K	10x
SoDEX SNDK-USDshort	+0.0050%	1h	1,750.2	−0.023%	$716K	$521K	10x
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,751.6	+0.057%	$1.3M	$5.3M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,751.4	+0.047%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,752	+0.082%	$196K	$310K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,748.1	−0.145%	$67K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,750.7	+0.006%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,751.1	+0.029%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0285%	1h	1,752.4	+0.101%	$128K	$350K	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	+0.0298%	1h	1,752.5	+0.109%	$50K	$360K	10x	as long as short
edgeX SNDKUSDC	+0.0926%	4h	1,747.1	−0.197%	$555K	$349K	10x	as long as short