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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0111%/8h= +12.2% APRnext payment +$1.11 per $10,000 · paid last 24h −0.018%
Price spread now: Binance against Aster−0.115%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AsterShort on Binance
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Binance is 0.115% cheaper against Aster than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.4 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04163−0.0148get 0.0148% / 8h6h 10m$14K$17K10x
ShortBinance SANDUSDT0.04158−0.0037pay 0.0037% / 8h6h 10m$6.4M$12.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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

Funding earned
$23.38
Price spread: −0.115% → 0.000%
−$11.51
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$6.14
Costs to cover
0.180%
Break-even
8.8 days
Slippage unknown: Aster: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample—————
Sell Binance live order book, 14 min ago1.20 bp14.8 bp −$1528.9 bp −$289213.0 bp −$21.3Kdoesn't fit
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SAND on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0340%8h0.04155−0.190%$114K$4K—as long as short
Aster SANDUSDTlong−0.0148%8h0.04163long leg$14K$17K10x
Bybit SANDUSDT−0.0100%8h0.04159−0.100%$3.4M$3.4M75xas long as short
Extended SAND-USD−0.0040%1h0.04157−0.140%$3K$176K10xas long as short
MEXC SAND_USDT−0.0039%8h0.04159−0.100%$11.6M$1.7M200xas long as short
Binance SANDUSDTshort−0.0037%8h0.04158−0.115%$6.4M$12.1M75x
Bitget SANDUSDT−0.0013%8h0.04153−0.245%$1.7M$564K10xas long as short
KuCoin SANDUSDTM+0.0018%8h0.04153−0.245%$2.5M$376K50xas long as short
Hyperliquid SAND+0.0025%1h0.04153−0.245%$573K$364K5xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.821%$757$7955.5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP+0.0100%8h0.04156−0.172%$1.7M$3.2M50xas long as short
Gate SAND_USDT+0.0100%8h0.04158−0.124%$459K$625K75xas long as short
BingX SAND-USDT+0.0100%8h0.04157−0.148%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0430%1h0.04171+0.193%$155K$112K25xas long as short