Funding you earn now, next payment 03:00 UTC−0.0405%/8h= −44.4% APRpaid last 24h +0.033%
Price spread now: Aster against Kraken Futures−0.062%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Aster is 0.062% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04172 | 0.0240 | pay 0.0030% / 1h | 41m 54s | $155K | $103K | 25x |
| Short | Aster SANDUSDT | 0.04169 | −0.0165 | pay 0.0165% / 8h | 5h 41m | $14K | $16K | 10x |
Kraken Futures PF_SANDUSD
Aster SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- −$85.12
- Price spread: −0.062% → 0.000%
- −$6.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$109.37
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 20 min ago; Aster: no order-book sample. 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 Kraken Futures live order book, 20 min ago | 10.81 bp | 56.0 bp −$56 | 100.1 bp −$1,001 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | −0.507% | $113K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0186% | 1h | 0.04162 | −0.236% | $575K | $358K | 5x | as long as short |
| Aster SANDUSDTshort | −0.0165% | 8h | 0.04169 | −0.062% | $14K | $16K | 10x | |
| Bybit SANDUSDT | −0.0090% | 8h | 0.04165 | −0.166% | $3.4M | $3.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0057% | 8h | 0.04164 | −0.190% | $11.6M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | −0.0056% | 8h | 0.04159 | −0.301% | $6.4M | $11.9M | 75x | as long as short |
| Extended SAND-USD | −0.0056% | 1h | 0.04165 | −0.171% | $3K | $173K | 10x | as long as short |
| Bitget SANDUSDT | −0.0043% | 8h | 0.04158 | −0.334% | $1.7M | $547K | 10x | as long as short |
| BloFin SAND-USDT | −0.0036% | 8h | 0.04169 | −0.070% | $321K | $260K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0006% | 8h | 0.04159 | −0.310% | $2.5M | $374K | 50x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Bybit SANDUSDT
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
Bitget SANDUSDT
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 | −0.0001% | 8h | 0.04165 | −0.166% | $459K | $617K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.029% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0096% | 8h | 0.04154 | −0.430% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04162 | −0.238% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDlong | +0.0240% | 1h | 0.04172 | long leg | $155K | $103K | 25x |
Gate SAND_USDT
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
BingX SAND-USDT