Funding you earn now, next payment 05:00 UTC−0.0947%/8h= −103.7% APRpaid last 24h −0.014%
Price spread now: Kraken Futures against BloFin+0.404%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days−0.504%−$50 on $10k
+Price spread, last 4 days (all we have)−0.364%−$36 · spread now +0.404%, 7d avg +0.107%
=The price spread pays, funding is against you. Kraken Futures is 0.296% dearer against BloFin than usual: you sell high and buy low (spread +0.404% now, against its 7-day average of +0.107%): +$30 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.504% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.504% in total (about -26.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04199 | −0.0165 | get 0.0165% / 8h | 3h 51m | $326K | $202K | 75x |
| Short | Kraken Futures PF_SANDUSD | 0.04216 | −0.1112 | pay 0.0139% / 1h | 51m 00s | $158K | $107K | 25x |
BloFin SAND-USDT
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$198.94
- Price spread: +0.404% → +0.107%
- $29.64
- Slippage, 4 orders
- −$98.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$289.53
- Costs to cover
- 1.202%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; Kraken Futures: live order book, 1 min ago.
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 BloFin live order book, 44 min ago | 1.21 bp | 9.5 bp −$10 | 15.7 bp −$157 | 98.5 bp −$9,847 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 20.18 bp | 35.8 bp −$36 | 77.0 bp −$770 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSDshort | −0.1112% | 1h | 0.04216 | +0.404% | $158K | $107K | 25x | |
| Hyperliquid SAND | −0.0533% | 1h | 0.04201 | +0.048% | $579K | $327K | 5x | as long as short |
| Variational Omni SAND | −0.0319% | 8h | 0.04203 | +0.090% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0259% | 8h | 0.04211 | +0.274% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0168% | 8h | 0.04203 | +0.103% | $6.7M | $12.4M | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04203 | +0.098% | $3K | $177K | 10x | as long as short |
| MEXC SAND_USDT | −0.0168% | 8h | 0.04203 | +0.095% | $11.8M | $1.9M | 200x | as long as short |
| BloFin SAND-USDTlong | −0.0165% | 8h | 0.04199 | long leg | $326K | $202K | 75x | |
| Bitget SANDUSDT | −0.0165% | 8h | 0.04200 | +0.024% | $1.7M | $556K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0088% | 8h | 0.04210 | +0.262% | $2.6M | $358K | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0054% | 8h | 0.04206 | +0.167% | $1.7M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0021% | 8h | 0.04208 | +0.214% | $477K | $643K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.667% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0050% | 8h | 0.04208 | +0.214% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | +0.0052% | 8h | 0.04205 | +0.143% | — | $2.4M | — | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
Injective SAND/USDC PERP
Bybit SANDUSDT
BingX SAND-USDT