Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.055%
Price spread now: Bybit against Injective+1.090%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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 1.090% dearer against Injective than usual: you sell high and buy low: +$109 more if the spread goes back to zero (this spread has no 7-day history yet).
| 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 | 33m 15s | $757 | $795 | 5.5x |
| Short | Bybit SANDUSDT | 0.04174 | 0.0062 | get 0.0062% / 8h | 33m 15s | $3.4M | $3.3M | 75x |
Injective SAND/USDC PERP
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $6.08
- Price spread: +1.090% → 0.000%
- $108.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $104.05
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 2.40 bp | 13.9 bp −$14 | 36.7 bp −$367 | 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 | −0.0224% | 8h | 0.04172 | +1.042% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0146% | 1h | 0.04172 | +1.029% | $575K | $450K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04177 | +1.157% | $154K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0086% | 8h | 0.04182 | +1.275% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0022% | 8h | 0.04172 | +1.041% | $1.7M | $540K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0013% | 8h | 0.04173 | +1.066% | $2.6M | $381K | 50x | as long as short |
| BloFin SAND-USDT | −0.0003% | 8h | 0.04175 | +1.114% | $323K | $293K | 75x | as long as short |
| Extended SAND-USD | +0.0016% | 1h | 0.04177 | +1.167% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | +0.0020% | 8h | 0.04177 | +1.163% | $6.6M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | +0.0021% | 8h | 0.04177 | +1.163% | $11.7M | $1.7M | 200x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERPlong | +0.0033% | 1h | 0.04129 | long leg | $757 | $795 | 5.5x | |
| Bybit SANDUSDTshort | +0.0062% | 8h | 0.04174 | +1.090% | $3.4M | $3.3M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04178 | +1.187% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04178 | +1.187% | $473K | $558K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04177 | +1.163% | — | $2.4M | — | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT