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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 00:00 UTC+0.0109%/8h= +12.0% APRnext payment +$1.09 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against Aster−0.193%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 BloFin
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. BloFin is 0.193% cheaper against Aster than usual: you would sell low and buy high (spread −0.193% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 5.9 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04181−0.0115get 0.0115% / 8h8m 59s$14K$18K10x
ShortBloFin SAND-USDT0.04173−0.0006pay 0.0006% / 8h8m 59s$322K$292K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$22.92
Price spread: −0.193% → 0.000%
−$19.28
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$16.36
Costs to cover
0.200%
Break-even
12.0 days
Slippage unknown: Aster: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago2.40 bp15.6 bp −$1623.5 bp −$23586.7 bp −$8,668doesn'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 15 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−0.0239%8h0.04168−0.303%$114K$5K—as long as short
Kraken Futures PF_SANDUSD−0.0140%1h0.04178−0.085%$154K$106K25xas long as short
Aster SANDUSDTlong−0.0115%8h0.04181long leg$14K$18K10x
Hyperliquid SAND−0.0081%1h0.04171−0.250%$575K$450K5xas long as short
Bitget SANDUSDT−0.0045%8h0.04173−0.193%$1.7M$545K10xas long as short
KuCoin SANDUSDTM−0.0039%8h0.04169−0.289%$2.6M$380K50xas long as short
Binance SANDUSDT−0.0011%8h0.04176−0.132%$6.6M$12.5M75xas long as short
Extended SAND-USD−0.0008%1h0.04175−0.152%$3K$195K10xas long as short
MEXC SAND_USDT−0.0008%8h0.04175−0.145%$11.7M$1.7M200xas long as short
BloFin SAND-USDTshort−0.0006%8h0.04173−0.193%$322K$292K75x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−1.245%$757$7955.5xas long as short
Bybit SANDUSDT+0.0067%8h0.04175−0.145%$3.3M$3.4M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04176−0.121%$1.8M$3.4M50xas long as short
Gate SAND_USDT+0.0100%8h0.04177−0.097%$474K$559K75xas long as short
BingX SAND-USDT+0.0100%8h0.04174−0.169%—$2.4M—as long as short