Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX−0.051%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on SunX Short on Polymarket Perps

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 −0.051%, 7d avg +0.011%

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

Funding pays, the price is against you. Polymarket Perps is 0.061% cheaper against SunX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.011%). If the spread goes back, that is −$6 on $10k: about 4.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.024% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SNDK-USDT	1,758.9	0	get 0.0000% / 8h	1h 42m	$1K	$3.5M	20x
Short	Polymarket Perps SNDK-USD	1,758	0.0050	get 0.0006% / 1h	42m 09s	$184K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.5
Price spread: −0.051% → +0.011%: −$6.11
Slippage, 4 orders: −$63.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$75.41
Costs to cover: 0.798%
Break-even: 57.3 days

Slippage from SunX: live order book, 6 min ago; Polymarket Perps: live order book, 65 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 SunX live order book, 6 min ago	28.05 bp	32.0 bp −$32	61.1 bp −$611	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 65 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	−0.0302%	8h	1,759.3	+0.022%	$47.4M	$165.6M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,759.5	+0.032%	$4.0M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0011%	8h	1,759.6	+0.039%	$6.0M	$22.1M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,758.7	−0.010%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,760.7	+0.100%	$21.5M	$32.9M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,759.3	+0.021%	$279.4M	$1.86B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,759.7	+0.044%	$31.8M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,759.4	+0.029%	$82.2M	$834.0M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,760.3	+0.080%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,759.1	+0.011%	$176.2M	$230.4M	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	1,758.8	−0.002%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,759.2	+0.019%	$14K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,760	+0.063%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,759	+0.006%	$13K	$287K	10x	as long as short
SunX SNDK-USDTlong	0.0000%	8h	1,758.9	long leg	$1K	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,759.2	+0.016%	$51K	$351K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,758.8	−0.003%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,759.5	+0.035%	$2.8M	$1.1M	50x	as long as short
Vest SNDK-USD-PERP	+0.0013%	1h	1,756.9	−0.115%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,760.3	+0.080%	$703	$38K	5x	as long as short
Lighter SNDK	+0.0032%	1h	1,760.6	+0.099%	$1.8M	$16.2M	20x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,759.9	+0.056%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,759.6	+0.038%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+2.335%	$36	$9K	12x	as long as short
Nado SNDK-PERP	+0.0037%	1h	1,759.3	+0.025%	$328K	$1.5M	10x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,759.2	+0.016%	$253K	$1.5M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,759.3	+0.023%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,759.3	+0.023%	$118.4M	$158.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,759.5	+0.035%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USDshort	+0.0050%	1h	1,758	−0.051%	$184K	$131K	10x
SoDEX SNDK-USD	+0.0050%	1h	1,759.5	+0.035%	$719K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,758.8	−0.003%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,758.4	−0.028%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,758.9	−0.002%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,758.9	+0.001%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,760.1	+0.066%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,758.6	−0.014%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,759.8	+0.049%	$430K	$2.3M	10x	as long as short
edgeX SNDKUSDC	+0.0262%	4h	1,759.8	+0.052%	$559K	$353K	10x	as long as short
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,759.2	+0.020%	$126K	$346K	20x	as long as short