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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+0.0117%/8h= +12.8% APRpaid last 24h +0.047%
Price spread now: Injective against Aster−1.230%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 Injective
What this pair did over the last
the charts below follow
Funding, last 4 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. Injective is 1.230% cheaper against Aster than usual: you would sell low and buy high (spread −1.230% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$123 on $10k: about 35 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04180−0.0084get 0.0084% / 8h34m 50s$14K$18K10x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h34m 50s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$24.61
Price spread: −1.230% → 0.000%
−$122.95
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$106.36
Costs to cover
0.080%
Break-even
37.2 days
Slippage unknown: Aster: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample—————
Aster and Injective: 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−0.0224%8h0.04172−0.200%$114K$4K—as long as short
Hyperliquid SAND−0.0188%1h0.04171−0.232%$575K$450K5xas long as short
Kraken Futures PF_SANDUSD−0.0140%1h0.04174−0.151%$153K$106K25xas long as short
Aster SANDUSDTlong−0.0084%8h0.04180long leg$14K$18K10x
Bitget SANDUSDT−0.0025%8h0.04180−0.010%$1.7M$540K10xas long as short
KuCoin SANDUSDTM−0.0011%8h0.04173−0.177%$2.6M$381K50xas long as short
Binance SANDUSDT+0.0022%8h0.04173−0.177%$6.6M$12.4M75xas long as short
MEXC SAND_USDT+0.0023%8h0.04174−0.153%$11.7M$1.7M200xas long as short
Extended SAND-USD+0.0024%1h0.04173−0.188%$3K$194K10xas long as short
Injective SAND/USDC PERPshort+0.0033%1h0.04129−1.230%$757$7955.5x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAND-USDT+0.0042%8h0.04174−0.153%$323K$292K75xas long as short
Bybit SANDUSDT+0.0065%8h0.04171−0.225%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04175−0.129%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04177−0.081%$473K$558K75xas long as short
BingX SAND-USDT+0.0100%8h0.04174−0.153%—$2.4M—as long as short