Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.085%
Price spread now: Injective against Bitget−0.912%91s7-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 Bitget 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 42 days of funding at the current rate (+$2 a day). The two prices were read 91 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 | Bitget SANDUSDT | 0.04167 | −0.0039 | get 0.0039% / 8h | 1h 55m | $1.7M | $545K | 10x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 55m 47s | $757 | $795 | 5.5x |
Bitget SANDUSDT
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- $15.19
- Price spread: −0.912% → 0.000%
- −$91.19
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$88.02
- Costs to cover
- 0.120%
- Break-even
- 47.6 days
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 2.40 bp | 22.2 bp −$22 | 40.0 bp −$400 | doesn't fit | 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 | −0.0183% | 1h | 0.04169 | +0.043% | $574K | $446K | 5x | as long as short |
| Variational Omni SAND | −0.0143% | 8h | 0.04152 | −0.351% | $113K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04170 | +0.076% | $156K | $96K | 25x | as long as short |
| Aster SANDUSDT | −0.0059% | 8h | 0.04171 | +0.101% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDTlong | −0.0039% | 8h | 0.04167 | long leg | $1.7M | $545K | 10x | |
| KuCoin SANDUSDTM | −0.0034% | 8h | 0.04167 | 0.000% | $2.6M | $370K | 50x | as long as short |
| BloFin SAND-USDT | +0.0019% | 8h | 0.04163 | −0.096% | $323K | $292K | 75x | as long as short |
| Extended SAND-USD | +0.0024% | 1h | 0.04173 | +0.137% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0027% | 8h | 0.04171 | +0.096% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0027% | 8h | 0.04173 | +0.140% | $6.5M | $12.3M | 75x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −0.912% | $757 | $795 | 5.5x | |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04170 | +0.072% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04170 | +0.072% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04174 | +0.168% | $465K | $567K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04172 | +0.120% | — | $2.4M | — | as long as short |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT