Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Polymarket Perps+0.048%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.048%, 7d avg −0.010%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.058% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.010%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.024% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SNDK-USD	1,760.2	0.0050	pay 0.0006% / 1h	7m 55s	$185K	$128K	10x
Short	SunX SNDK-USDT	1,761.1	0	get 0.0000% / 8h	7m 55s	$859	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$10.5
Price spread: +0.048% → −0.010%: $5.8
Slippage, 4 orders: −$63.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$83.97
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 29 min ago; SunX: live order book, 10 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, 29 min ago	2.27 bp	8.9 bp −$9	9.3 bp −$93	10.3 bp −$1,026	doesn't fit
Sell SunX live order book, 10 min ago	28.06 bp	32.1 bp −$32	61.6 bp −$616	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
Bitget SNDKUSDT	−0.0250%	8h	1,760.8	+0.032%	$49.4M	$166.8M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,761.5	+0.074%	$3.9M	$4.6M	75x	as long as short
KuCoin SNDKUSDTM	−0.0005%	8h	1,760.5	+0.018%	$6.0M	$22.5M	20x	as long as short
Nado SNDK-PERP	−0.0002%	1h	1,761.6	+0.080%	$330K	$1.5M	10x	as long as short
QFEX SNDK-USD	−0.0001%	1h	1,761	+0.048%	$1.4M	$9.9M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,761.7	+0.082%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,760.4	+0.009%	$279.8M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.1	+0.049%	$31.8M	$103.6M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,760.4	+0.011%	$82.2M	$832.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.3	+0.118%	$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	1,760.7	+0.028%	$178.9M	$229.6M	75x	as long as short
Variational Omni SNDK	0.0000%	8h	1,760	−0.010%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,760.2	+0.003%	$22K	$2.1M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.6	+0.080%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,760.9	+0.041%	$13K	$289K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,761.1	+0.048%	$859	$3.4M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.2	+0.059%	$51K	$355K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,760.2	0.000%	$1.4M	$10.5M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,760.6	+0.024%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0015%	1h	1,758.8	−0.081%	—	$579K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0016%	1h	1,761.4	+0.068%	$673	$38K	5x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.1	+0.053%	$1.2M	$9.6M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,761	+0.046%	$493K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.259%	$36	$9K	12x	as long as short
Lighter SNDK	+0.0040%	1h	1,761.6	+0.080%	$1.8M	$16.4M	20x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,760.2	−0.003%	$254K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.1	+0.051%	$242K	$651K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,760.9	+0.040%	$119.8M	$157.5M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.1	+0.051%	$4.6M	$19.5M	10x	as long as short
Polymarket Perps SNDK-USDlong	+0.0050%	1h	1,760.2	long leg	$185K	$128K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,761	+0.045%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761.3	+0.064%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.1	+0.051%	$1.4M	$5.2M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,760.6	+0.025%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.5	+0.072%	$197K	$307K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.5	+0.019%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.6	+0.022%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,762.4	+0.126%	$428K	$2.1M	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0274%	1h	1,761.4	+0.067%	$126K	$340K	20x	as long as short
edgeX SNDKUSDC	+0.0581%	4h	1,760	−0.014%	$559K	$350K	10x	as long as short