Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.042%
Price spread now: Injective against BingX−0.912%87s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Funding pays, the price is against you. Injective is 0.912% cheaper against BingX than usual: you would sell low and buy high (spread −0.912% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$91 on $10k: about 51 days of funding at the current rate (+$2 a day). The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04167 | −0.0026 | get 0.0026% / 8h | 2h 41m | — | $2.4M | — |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 41m 53s | $757 | $795 | 5.5x |
BingX SAND-USDT
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.46
- Price spread: −0.912% → 0.000%
- −$91.19
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$88.75
- Costs to cover
- 0.100%
- Break-even
- 56.9 days
Slippage unknown: BingX: live order book, 2 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 2 min ago | 3.59 bp | 14.7 bp −$15 | 24.8 bp −$248 | 201.9 bp −$20.2K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0533% | 1h | 0.04167 | +0.005% | $576K | $324K | 5x | as long as short |
| Variational Omni SAND | −0.0370% | 8h | 0.04191 | +0.582% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0345% | 8h | 0.04174 | +0.178% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0273% | 8h | 0.04165 | −0.048% | $328K | $142K | 75x | as long as short |
| Extended SAND-USD | −0.0256% | 1h | 0.04168 | +0.022% | $3K | $225K | 10x | as long as short |
| Binance SANDUSDT | −0.0255% | 8h | 0.04168 | +0.033% | $6.7M | $12.6M | 75x | as long as short |
| MEXC SAND_USDT | −0.0251% | 8h | 0.04168 | +0.024% | $11.4M | $1.9M | 200x | as long as short |
| Bitget SANDUSDT | −0.0245% | 8h | 0.04166 | −0.024% | $1.7M | $555K | 10x | as long as short |
| OKX SAND-USDT-SWAP | −0.0155% | 8h | 0.04169 | +0.048% | $1.7M | $3.1M | 50x | as long as short |
| KuCoin SANDUSDTM | −0.0154% | 8h | 0.04162 | −0.120% | $2.6M | $353K | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDT
OKX SAND-USDT-SWAP
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0037% | 8h | 0.04168 | +0.024% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDTlong | −0.0026% | 8h | 0.04167 | long leg | — | $2.4M | — | |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −0.912% | $757 | $795 | 5.5x | |
| Gate SAND_USDT | +0.0034% | 8h | 0.04167 | 0.000% | $469K | $650K | 75x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04177 | +0.249% | $156K | $103K | 25x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
Kraken Futures PF_SANDUSD