Funding you earn now, next payment 03:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.099%
Price spread now: Bitget against Injective+0.605%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
The price spread pays, funding is against you. Bitget is 0.605% dearer against Injective than usual: you sell high and buy low (spread +0.605% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SAND/USDC PERP | 0.04129 | 0.0033 | pay 0.0004% / 1h | 44m 48s | $757 | $795 | 5.5x |
| Short | Bitget SANDUSDT | 0.04154 | −0.0048 | pay 0.0048% / 8h | 5h 44m | $1.7M | $545K | 10x |
Injective SAND/USDC PERP
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. 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
- −$17.08
- Price spread: +0.605% → 0.000%
- $60.55
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $31.45
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 3.62 bp | 26.5 bp −$27 | 55.0 bp −$550 | doesn't fit | doesn't fit |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0353% | 8h | 0.04151 | +0.527% | $113K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0187% | 1h | 0.04156 | +0.644% | $575K | $358K | 5x | as long as short |
| Aster SANDUSDT | −0.0169% | 8h | 0.04162 | +0.799% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDT | −0.0111% | 8h | 0.04157 | +0.678% | $3.4M | $3.4M | 75x | as long as short |
| Binance SANDUSDT | −0.0059% | 8h | 0.04159 | +0.733% | $6.4M | $11.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0057% | 8h | 0.04160 | +0.751% | $11.6M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0056% | 1h | 0.04161 | +0.779% | $3K | $173K | 10x | as long as short |
| Bitget SANDUSDTshort | −0.0048% | 8h | 0.04154 | +0.605% | $1.7M | $545K | 10x | |
| BloFin SAND-USDT | −0.0036% | 8h | 0.04160 | +0.751% | — | $277K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0010% | 8h | 0.04156 | +0.654% | $2.5M | $375K | 50x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bybit SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDT | −0.0006% | 8h | 0.04156 | +0.654% | $458K | $614K | 75x | as long as short |
| Injective SAND/USDC PERPlong | +0.0033% | 1h | 0.04129 | long leg | $757 | $795 | 5.5x | |
| OKX SAND-USDT-SWAP | +0.0097% | 8h | 0.04158 | +0.702% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04156 | +0.654% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0240% | 1h | 0.04167 | +0.922% | $155K | $103K | 25x | as long as short |
Gate SAND_USDT
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD