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Funding arb · Price arb /

SAND

all SAND markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0261%/8h= −28.5% APRpaid last 24h −0.064%
Price spread now: BloFin against Injective+1.187%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on BloFin
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—needs both histories
The price spread pays, funding is against you. BloFin is 1.187% dearer against Injective than usual: you sell high and buy low (spread +1.187% now, against zero (this spread has no 7-day history yet)): +$119 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SAND/USDC PERP0.041290.0033pay 0.0004% / 1h10m 57s$757$7955.5x
ShortBloFin SAND-USDT0.04178−0.0227pay 0.0227% / 8h3h 10m$328K$202K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$54.71
Price spread: +1.187% → 0.000%
$118.67
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BloFin: 6 bp × 2 orders
−$12
Net
$51.94
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 19 min ago. 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 BloFin live order book, 19 min ago3.57 bp9.6 bp −$1018.3 bp −$18385.0 bp −$8,499doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SANDUSD−0.1121%1h0.04185+1.360%$157K$105K25xas long as short
Hyperliquid SAND−0.0470%1h0.04177+1.175%$576K$325K5xas long as short
Variational Omni SAND−0.0356%8h0.04181+1.253%$114K$4K—as long as short
Aster SANDUSDT−0.0322%8h0.04186+1.382%$14K$16K10xas long as short
BloFin SAND-USDTshort−0.0227%8h0.04178+1.187%$328K$202K75x
Binance SANDUSDT−0.0226%8h0.04180+1.231%$6.7M$12.5M75xas long as short
Bitget SANDUSDT−0.0226%8h0.04185+1.356%$1.7M$548K10xas long as short
Extended SAND-USD−0.0224%1h0.04179+1.205%$6K$233K10xas long as short
MEXC SAND_USDT−0.0224%8h0.04179+1.211%$11.5M$2.0M200xas long as short
KuCoin SANDUSDTM−0.0149%8h0.04174+1.090%$2.6M$350K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0099%8h0.04179+1.211%$1.7M$3.1M50xas long as short
BingX SAND-USDT−0.0013%8h0.04180+1.235%—$2.4M—as long as short
Bybit SANDUSDT−0.0013%8h0.04180+1.235%$3.5M$3.6M75xas long as short
Gate SAND_USDT+0.0027%8h0.04182+1.284%$472K$653K75xas long as short
Injective SAND/USDC PERPlong+0.0033%1h0.04129long leg$757$7955.5x