SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0264%/8h= −28.9% APRnext payment −$2.64 per $10,000 · paid last 24h −0.084%

Price spread now: Variational Omni against Bybit+0.254%7-day average −0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.251%−$25 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.254%, 7d avg −0.003%

Together, before fees−0.489%+ Points / potential airdropVariational Omni: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.257% dearer against Bybit than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of −0.003%): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SANDUSDT	0.04151	0.0100	pay 0.0100% / 8h	2h 56m	$3.3M	$3.1M	75x
Short	Variational Omni SAND	0.04162	−0.0164	pay 0.0164% / 8h	2h 56m	$113K	$5K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee Variational OmnibpOrdersPrice spread, now +0.254%Rate

Funding earned: −$55.42
Price spread: +0.254% → −0.003%: $25.75
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$40.67
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 33 min ago. 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 Bybit live order book, 1 min ago	1.20 bp	14.3 bp −$14	37.0 bp −$370	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 33 min ago	4.78 bp	doesn't fit	23.9 bp −$239	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
Variational Omni SANDshort	−0.0164%	8h	0.04162	+0.254%	$113K	$5K	—
Bitget SANDUSDT	−0.0095%	8h	0.04152	+0.024%	$1.7M	$552K	10x	as long as short
KuCoin SANDUSDTM	−0.0070%	8h	0.04148	−0.072%	$2.6M	$366K	50x	as long as short
Aster SANDUSDT	−0.0022%	8h	0.04153	+0.048%	$13K	$17K	10x	as long as short
BloFin SAND-USDT	+0.0013%	8h	0.04152	+0.024%	$323K	$288K	75x	as long as short
Extended SAND-USD	+0.0032%	1h	0.04152	+0.013%	$3K	$194K	10x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.530%	$757	$795	5.5x	as long as short
Binance SANDUSDT	+0.0034%	8h	0.04153	+0.048%	$6.5M	$12.3M	75x	as long as short
MEXC SAND_USDT	+0.0035%	8h	0.04152	+0.024%	$11.7M	$1.7M	200x	as long as short
Hyperliquid SAND	+0.0100%	1h	0.04150	−0.031%	$572K	$444K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDTlong	+0.0100%	8h	0.04151	long leg	$3.3M	$3.1M	75x
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04154	+0.072%	$1.8M	$3.3M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04154	+0.072%	$462K	$571K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04152	+0.024%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0285%	1h	0.04153	+0.058%	$155K	$96K	25x	as long as short