Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.062%
Price spread now: Gate against Injective−0.170%84s7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. Gate is 0.170% cheaper against Injective than usual: you would sell low and buy high (spread −0.170% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 8.5 days of funding at the current rate (+$2 a day). The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 55m 40s | $757 | $795 | 5.5x |
| Short | Gate SAND_USDT | 0.04122 | 0.0100 | get 0.0100% / 8h | 6h 55m | $458K | $610K | 75x |
Injective SAND/USDC PERP
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $14
- Price spread: −0.170% → 0.000%
- −$16.95
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$17.97
- Costs to cover
- 0.150%
- Break-even
- 16.0 days
Slippage unknown: Injective: no order-book sample; Gate: live order book, 11 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 Gate live order book, 11 min ago | 3.58 bp | 29.9 bp −$30 | doesn't fit | 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 | −0.0328% | 8h | 0.04118 | −0.270% | $113K | $5K | — | as long as short |
| Bybit SANDUSDT | −0.0244% | 8h | 0.04123 | −0.145% | $3.3M | $3.5M | 75x | as long as short |
| Aster SANDUSDT | −0.0196% | 8h | 0.04125 | −0.089% | $13K | $17K | 10x | as long as short |
| BloFin SAND-USDT | −0.0079% | 8h | 0.04136 | +0.170% | $319K | $289K | 75x | as long as short |
| Binance SANDUSDT | −0.0075% | 8h | 0.04124 | −0.118% | $6.4M | $12.3M | 75x | as long as short |
| Extended SAND-USD | −0.0072% | 1h | 0.04119 | −0.242% | $3K | $171K | 10x | as long as short |
| MEXC SAND_USDT | −0.0071% | 8h | 0.04125 | −0.097% | $11.4M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0045% | 8h | 0.04119 | −0.242% | $1.7M | $587K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0042% | 8h | 0.04114 | −0.363% | $2.5M | $373K | 50x | as long as short |
| Injective SAND/USDC PERPlong | +0.0033% | 1h | 0.04129 | long leg | $757 | $795 | 5.5x |
Variational Omni SAND
Bybit SANDUSDT
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | +0.0100% | 1h | 0.04123 | −0.155% | $568K | $455K | 5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04124 | −0.121% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDTshort | +0.0100% | 8h | 0.04122 | −0.170% | $458K | $610K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04123 | −0.145% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0434% | 1h | 0.04127 | −0.038% | $153K | $117K | 25x | as long as short |
Hyperliquid SAND
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD