Funding you earn now, next payment 05:00 UTC+0.0947%/8h= +103.7% APRpaid last 24h +0.014%
Price spread now: BloFin against Kraken Futures+0.040%57s7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1041.038% of the position
Funding, last 7 days+0.504%+$50 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.040%, 7d avg −0.107%
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and BloFin is 0.147% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.107%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.504% in total (about 26.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04213 | −0.1113 | get 0.0139% / 1h | 52m 15s | $158K | $107K | 25x |
| Short | BloFin SAND-USDT | 0.04215 | −0.0166 | pay 0.0166% / 8h | 3h 52m | $326K | $202K | 75x |
Kraken Futures PF_SANDUSD
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $198.87
- Price spread: +0.040% → −0.107%
- $14.7
- Slippage, 4 orders
- −$81.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $109.72
- Costs to cover
- 1.038%
- Break-even
- 3.1 days
Slippage from Kraken Futures: live order book, 65 min ago; BloFin: live order book, 43 min ago.
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, 65 min ago | 16.93 bp | 38.5 bp −$39 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 1.21 bp | 21.3 bp −$21 | 32.3 bp −$323 | 94.7 bp −$9,467 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSDlong | −0.1113% | 1h | 0.04213 | long leg | $158K | $107K | 25x | |
| Hyperliquid SAND | −0.0542% | 1h | 0.04210 | −0.081% | $580K | $326K | 5x | as long as short |
| Variational Omni SAND | −0.0318% | 8h | 0.04205 | −0.191% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0259% | 8h | 0.04218 | +0.114% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0168% | 8h | 0.04206 | −0.174% | $6.7M | $12.4M | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04210 | −0.089% | $3K | $177K | 10x | as long as short |
| MEXC SAND_USDT | −0.0168% | 8h | 0.04213 | −0.008% | $11.8M | $1.9M | 200x | as long as short |
| BloFin SAND-USDTshort | −0.0166% | 8h | 0.04215 | +0.040% | $326K | $202K | 75x | |
| Bitget SANDUSDT | −0.0166% | 8h | 0.04200 | −0.316% | $1.7M | $556K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0088% | 8h | 0.04211 | −0.055% | $2.6M | $358K | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0057% | 8h | 0.04212 | −0.031% | $1.7M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0019% | 8h | 0.04216 | +0.064% | $478K | $640K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.001% | $757 | $795 | 5.5x | as long as short |
| BingX SAND-USDT | +0.0043% | 8h | 0.04213 | −0.008% | — | $2.4M | — | as long as short |
| Bybit SANDUSDT | +0.0048% | 8h | 0.04205 | −0.198% | $3.5M | $3.6M | 75x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
Injective SAND/USDC PERP
BingX SAND-USDT
Bybit SANDUSDT