Funding arb · Price arb /

SAND

all SAND markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.027%

Price spread now: Extended against Aster−0.093%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.093% cheaper against Aster than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SANDUSDT	0.04170	−0.0016	get 0.0016% / 8h	2h 13m	$14K	$18K	10x
Short	Extended SAND-USD	0.04166	0.0056	get 0.0007% / 1h	13m 21s	$3K	$194K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee AsterbpFee ExtendedbpOrdersPrice spread, now −0.093%Rate

Funding earned: $15.07
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.24
Costs to cover: 0.130%
Break-even: 10.4 days

Slippage unknown: Aster: no order-book sample; Extended: live order book, 8 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Extended live order book, 8 min ago	3.47 bp	14.3 bp −$14	78.3 bp −$783	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SAND	−0.0137%	8h	0.04169	−0.018%	$114K	$5K	—	as long as short
Bitget SANDUSDT	−0.0042%	8h	0.04166	−0.085%	$1.7M	$545K	10x	as long as short
KuCoin SANDUSDTM	−0.0028%	8h	0.04166	−0.085%	$2.6M	$371K	50x	as long as short
Aster SANDUSDTlong	−0.0016%	8h	0.04170	long leg	$14K	$18K	10x
Hyperliquid SAND	+0.0028%	1h	0.04164	−0.131%	$573K	$446K	5x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.972%	$757	$795	5.5x	as long as short
BloFin SAND-USDT	+0.0036%	8h	0.04169	−0.013%	$323K	$292K	75x	as long as short
Extended SAND-USDshort	+0.0056%	1h	0.04166	−0.093%	$3K	$194K	10x
MEXC SAND_USDT	+0.0056%	8h	0.04170	+0.011%	$11.7M	$1.7M	200x	as long as short
Binance SANDUSDT	+0.0057%	8h	0.04166	−0.081%	$6.5M	$12.3M	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	+0.0100%	8h	0.04165	−0.109%	$3.3M	$3.2M	75x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04165	−0.109%	$1.8M	$3.3M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04173	+0.083%	$465K	$574K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04167	−0.061%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0284%	1h	0.04170	+0.017%	$156K	$100K	25x	as long as short