Funding you earn now, next payment 09:00 UTC−0.0563%/8h= −61.6% APRnext payment −$0.70 per $10,000 · paid last 24h −0.020%
Price spread now: Extended against Kraken Futures−0.333%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.333%, 7d avg −0.133%
=Together, before fees+0.638%+ Points / potential airdropExtended: Active · farm board+$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.200% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.133%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.267%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.267% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 per $10,000. 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 | 0.04292 | 0.0043 | pay 0.0005% / 1h | 13m 51s | $163K | $104K | 25x |
| Short | Extended SAND-USD | 0.04278 | −0.0520 | pay 0.0065% / 1h | 13m 51s | $4K | $223K | 10x |
Kraken Futures PF_SANDUSD
Extended SAND-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$118.17
- Price spread: −0.333% → −0.133%
- −$20.01
- Slippage, 4 orders
- −$76.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$230.05
- Costs to cover
- 0.919%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 19 min ago; Extended: live order book, 18 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, 19 min ago | 10.66 bp | 39.1 bp −$39 | 127.0 bp −$1,270 | doesn't fit | doesn't fit |
| Sell Extended live order book, 18 min ago | 2.01 bp | 12.2 bp −$12 | 99.7 bp −$997 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0655% | 1h | 0.04278 | −0.328% | $588K | $335K | 5x | as long as short |
| Aster SANDUSDT | −0.0600% | 8h | 0.04279 | −0.292% | $15K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0580% | 8h | 0.04269 | −0.522% | $117K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0523% | 8h | 0.04278 | −0.321% | $7.1M | $14.0M | 75x | as long as short |
| MEXC SAND_USDT | −0.0522% | 8h | 0.04278 | −0.321% | $11.4M | $2.0M | 200x | as long as short |
| Extended SAND-USDshort | −0.0520% | 1h | 0.04278 | −0.333% | $4K | $223K | 10x | |
| BloFin SAND-USDT | −0.0515% | 8h | 0.04268 | −0.554% | $338K | $153K | 75x | as long as short |
| Bybit SANDUSDT | −0.0459% | 8h | 0.04280 | −0.275% | $3.7M | $4.1M | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0417% | 8h | 0.04276 | −0.368% | $2.6M | $424K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0320% | 8h | 0.04279 | −0.298% | $1.6M | $3.4M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
Bybit SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDT | −0.0259% | 8h | 0.04274 | −0.414% | $1.8M | $532K | 10x | as long as short |
| Gate SAND_USDT | −0.0214% | 8h | 0.04284 | −0.181% | $507K | $629K | 75x | as long as short |
| BingX SAND-USDT | −0.0184% | 8h | 0.04280 | −0.275% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.793% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSDlong | +0.0043% | 1h | 0.04292 | long leg | $163K | $104K | 25x |
Bitget SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Injective SAND/USDC PERP