Funding you earn now, next payment 22:00 UTC+0.0250%/8h= +27.3% APRnext payment +$0.31 per $10,000 · paid last 24h −0.092%
Price spread now: Kraken Futures against Injective+1.276%63s7-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 +$7 a day on $10k at the current rate, and Kraken Futures is 1.276% dearer against Injective than usual: you sell high and buy low: +$128 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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 | 25m 42s | $757 | $795 | 5.5x |
| Short | Kraken Futures PF_SANDUSD | 0.04182 | 0.0283 | get 0.0035% / 1h | 25m 42s | $156K | $100K | 25x |
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $52.43
- Price spread: +1.276% → 0.000%
- $127.62
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $170.03
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 61 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 Kraken Futures live order book, 61 min ago | 10.78 bp | 27.7 bp −$28 | 61.2 bp −$612 | 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 | −0.0146% | 8h | 0.04157 | +0.674% | $113K | $5K | — | as long as short |
| KuCoin SANDUSDTM | −0.0036% | 8h | 0.04176 | +1.138% | $2.6M | $373K | 50x | as long as short |
| Bitget SANDUSDT | −0.0036% | 8h | 0.04177 | +1.163% | $1.7M | $545K | 10x | as long as short |
| Aster SANDUSDT | +0.0006% | 8h | 0.04182 | +1.281% | $14K | $18K | 10x | as long as short |
| Injective SAND/USDC PERPlong | +0.0033% | 1h | 0.04129 | long leg | $757 | $795 | 5.5x | |
| BloFin SAND-USDT | +0.0051% | 8h | 0.04174 | +1.090% | $322K | $291K | 75x | as long as short |
| MEXC SAND_USDT | +0.0068% | 8h | 0.04179 | +1.211% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0071% | 8h | 0.04179 | +1.200% | $6.5M | $12.3M | 75x | as long as short |
| Extended SAND-USD | +0.0072% | 1h | 0.04178 | +1.199% | $3K | $194K | 10x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04177 | +1.160% | $575K | $446K | 5x | as long as short |
Variational Omni SAND
KuCoin SANDUSDTM
Bitget SANDUSDT
Aster SANDUSDT
BloFin SAND-USDT
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
Hyperliquid SANDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04176 | +1.138% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04178 | +1.187% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04181 | +1.259% | $466K | $574K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04181 | +1.259% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDshort | +0.0283% | 1h | 0.04182 | +1.276% | $156K | $100K | 25x |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT