Funding you earn now, next payment 02:00 UTC+0.0477%/8h= +52.2% APRnext payment +$0.60 per $10,000 · paid last 24h −0.028%
Price spread now: Kraken Futures against Extended+0.343%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1101.097% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 3 days (all we have)−0.251%−$25 · spread now +0.343%, 7d avg +0.136%
=Together, before fees−0.574%+ Points / potential airdropExtended: Active · farm board−$57 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.207% dearer against Extended than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.136%. Mind the row above: over the last 7 days funding on this pair cost −0.323%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.323% in total (about -16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. 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 | Extended SAND-USD | 0.04164 | −0.0048 | get 0.0006% / 1h | 25m 37s | $6K | $171K | 10x |
| Short | Kraken Futures PF_SANDUSD | 0.04178 | 0.0429 | get 0.0054% / 1h | 25m 37s | $155K | $113K | 25x |
Extended SAND-USD
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $100.18
- Price spread: +0.343% → +0.136%
- $20.73
- Slippage, 4 orders
- −$94.7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $11.21
- Costs to cover
- 1.097%
- Break-even
- 6.2 days
Slippage from Extended: live order book, 40 min ago; Kraken Futures: live order book, 42 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 Extended live order book, 40 min ago | 2.27 bp | 12.7 bp −$13 | 73.4 bp −$734 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 11.89 bp | 34.0 bp −$34 | 69.9 bp −$699 | doesn't fit | doesn't fit |
SAND on 14 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 SAND | −0.0327% | 8h | 0.04167 | +0.073% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0162% | 8h | 0.04170 | +0.153% | $14K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0086% | 8h | 0.04166 | +0.054% | $3.4M | $3.5M | 75x | as long as short |
| Extended SAND-USDlong | −0.0048% | 1h | 0.04164 | long leg | $6K | $171K | 10x | |
| Binance SANDUSDT | −0.0046% | 8h | 0.04166 | +0.051% | $6.4M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0046% | 8h | 0.04165 | +0.030% | $11.4M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0019% | 8h | 0.04164 | +0.006% | $1.7M | $580K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0002% | 8h | 0.04165 | +0.030% | $2.6M | $375K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.835% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04163 | −0.018% | $573K | $449K | 5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERP
Hyperliquid SANDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04163 | −0.018% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04164 | +0.006% | $461K | $624K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04168 | +0.102% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDshort | +0.0429% | 1h | 0.04178 | +0.343% | $155K | $113K | 25x |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT