Funding you earn now, next payment 05:00 UTC−0.1149%/8h= −125.8% APRpaid last 24h −0.017%
Price spread now: Kraken Futures against Gate+0.099%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1451.452% of the position
Funding, last 7 days−0.365%−$37 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.099%, 7d avg +0.072%
=The price spread pays, funding is against you. Kraken Futures is 0.027% dearer against Gate than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.072%): +$3 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.365% in total) that is about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.365% in total (about -19.0% 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 | Gate SAND_USDT | 0.04181 | 0.0028 | pay 0.0028% / 8h | 3h 10m | $471K | $653K | 75x |
| Short | Kraken Futures PF_SANDUSD | 0.04185 | −0.1121 | pay 0.0140% / 1h | 10m 34s | $157K | $105K | 25x |
Gate SAND_USDT
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$241.19
- Price spread: +0.099% → +0.072%
- $2.74
- Slippage, 4 orders
- −$120.23
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$383.68
- Costs to cover
- 1.452%
- Break-even
- never at this rate
Slippage from Gate: live order book, 41 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 Gate live order book, 41 min ago | 3.57 bp | 29.2 bp −$29 | 307.8 bp −$3,078 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 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 | −0.1121% | 1h | 0.04185 | +0.099% | $157K | $105K | 25x | |
| Hyperliquid SAND | −0.0466% | 1h | 0.04179 | −0.057% | $576K | $325K | 5x | as long as short |
| Variational Omni SAND | −0.0356% | 8h | 0.04181 | −0.007% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0324% | 8h | 0.04186 | +0.121% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0228% | 8h | 0.04179 | −0.057% | $6.7M | $12.5M | 75x | as long as short |
| BloFin SAND-USDT | −0.0227% | 8h | 0.04178 | −0.072% | $328K | $202K | 75x | as long as short |
| MEXC SAND_USDT | −0.0226% | 8h | 0.04179 | −0.048% | $11.5M | $2.0M | 200x | as long as short |
| Bitget SANDUSDT | −0.0225% | 8h | 0.04185 | +0.096% | $1.7M | $548K | 10x | as long as short |
| Extended SAND-USD | −0.0224% | 1h | 0.04177 | −0.086% | $6K | $233K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0153% | 8h | 0.04177 | −0.096% | $2.6M | $350K | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
BloFin SAND-USDT
MEXC SAND_USDT
Bitget SANDUSDT
Extended SAND-USD
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0103% | 8h | 0.04178 | −0.072% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | −0.0013% | 8h | 0.04180 | −0.024% | — | $2.4M | — | as long as short |
| Bybit SANDUSDT | −0.0013% | 8h | 0.04180 | −0.024% | $3.5M | $3.6M | 75x | as long as short |
| Gate SAND_USDTlong | +0.0028% | 8h | 0.04181 | long leg | $471K | $653K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.244% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Bybit SANDUSDT
Injective SAND/USDC PERP