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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.069%
Price spread now: Aster against Injective+1.652%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Aster
What this pair did over the last
the charts below follow
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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 1.652% dearer against Injective than usual: you sell high and buy low (spread +1.652% now, against zero (this spread has no 7-day history yet)): +$165 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SAND/USDC PERP0.041290.0033pay 0.0004% / 1h18m 26s$757$7955.5x
ShortAster SANDUSDT0.04197−0.0156pay 0.0156% / 8h5h 18m$14K$16K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$39.77
Price spread: +1.652% → 0.000%
$165.21
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
$117.41
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Aster no order-book sample—————
Injective and Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0346%8h0.04193+1.555%$115K$4K—as long as short
Hyperliquid SAND−0.0231%1h0.04187+1.402%$579K$337K5xas long as short
Aster SANDUSDTshort−0.0156%8h0.04197+1.652%$14K$16K10x
Bitget SANDUSDT−0.0065%8h0.04186+1.380%$1.7M$548K10xas long as short
Extended SAND-USD−0.0056%1h0.04193+1.539%$7K$173K10xas long as short
Binance SANDUSDT−0.0056%8h0.04192+1.538%$6.5M$11.8M75xas long as short
MEXC SAND_USDT−0.0054%8h0.04194+1.574%$11.6M$1.7M200xas long as short
Bybit SANDUSDT−0.0029%8h0.04192+1.526%$3.4M$3.4M75xas long as short
BloFin SAND-USDT−0.0029%8h0.04190+1.477%$319K$226K75xas long as short
Gate SAND_USDT−0.0013%8h0.04198+1.671%$463K$626K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SANDUSDTM−0.0010%8h0.04191+1.502%$2.6M$371K50xas long as short
Injective SAND/USDC PERPlong+0.0033%1h0.04129long leg$757$7955.5x
OKX SAND-USDT-SWAP+0.0083%8h0.04191+1.502%$1.7M$3.1M50xas long as short
BingX SAND-USDT+0.0086%8h0.04198+1.671%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0238%1h0.04199+1.697%$156K$106K25xas long as short