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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.5% APRnext payment +$1.88 per $10,000 · paid last 24h +0.005%
Price spread now: OKX against Aster−0.040%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 OKX
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. OKX is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04179−0.0088get 0.0088% / 8h31m 04s$14K$18K10x
ShortOKX SAND-USDT-SWAP0.041770.0100get 0.0100% / 8h31m 04s$1.8M$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$39.4
Price spread: −0.040% → 0.000%
−$4.05
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$17.36
Costs to cover
0.180%
Break-even
3.9 days
Slippage unknown: Aster: no order-book sample; OKX: 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 OKX live order book, 1 min ago2.39 bp15.9 bp −$1681.5 bp −$815doesn't fitdoesn'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−0.0235%8h0.04170−0.207%$114K$4K—as long as short
Kraken Futures PF_SANDUSD−0.0140%1h0.04174−0.115%$153K$106K25xas long as short
Hyperliquid SAND−0.0100%1h0.04171−0.189%$575K$450K5xas long as short
Aster SANDUSDTlong−0.0088%8h0.04179long leg$14K$18K10x
Bitget SANDUSDT−0.0026%8h0.04172−0.160%$1.7M$540K10xas long as short
KuCoin SANDUSDTM−0.0014%8h0.04174−0.112%$2.6M$380K50xas long as short
BloFin SAND-USDT+0.0004%8h0.04172−0.160%$324K$292K75xas long as short
Extended SAND-USD+0.0016%1h0.04171−0.179%$3K$194K10xas long as short
MEXC SAND_USDT+0.0018%8h0.04172−0.160%$11.7M$1.7M200xas long as short
Binance SANDUSDT+0.0019%8h0.04172−0.148%$6.6M$12.4M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−1.189%$757$7955.5xas long as short
Bybit SANDUSDT+0.0059%8h0.04171−0.184%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAPshort+0.0100%8h0.04177−0.040%$1.8M$3.3M50x
Gate SAND_USDT+0.0100%8h0.04177−0.040%$473K$558K75xas long as short
BingX SAND-USDT+0.0100%8h0.04173−0.136%—$2.4M—as long as short