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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0173%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.089%
Price spread now: Injective against Kraken Futures−1.379%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Injective
What this pair did over the last
the charts below follow
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. Injective is 1.379% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −1.379% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$138 on $10k: about 27 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SANDUSD0.04187−0.0140get 0.0017% / 1h1m 17s$154K$111K25x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h1m 17s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$36.32
Price spread: −1.379% → 0.000%
−$137.95
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$111.65
Costs to cover
0.100%
Break-even
28.5 days
Slippage unknown: Kraken Futures: live order book, 11 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 11 min ago13.19 bp31.8 bp −$3293.7 bp −$937doesn't fitdoesn't fit
Sell Injective no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0240%8h0.04178−0.211%$114K$5K—as long as short
Kraken Futures PF_SANDUSDlong−0.0140%1h0.04187long leg$154K$111K25x
Hyperliquid SAND−0.0139%1h0.04174−0.295%$577K$452K5xas long as short
Aster SANDUSDT−0.0121%8h0.04182−0.111%$14K$18K10xas long as short
Bitget SANDUSDT−0.0047%8h0.04177−0.233%$1.7M$548K10xas long as short
KuCoin SANDUSDTM−0.0043%8h0.04170−0.400%$2.6M$380K50xas long as short
BloFin SAND-USDT−0.0035%8h0.04180−0.161%$322K$293K75xas long as short
Binance SANDUSDT−0.0018%8h0.04179−0.185%$6.6M$12.5M75xas long as short
MEXC SAND_USDT−0.0018%8h0.04178−0.209%$11.7M$1.7M200xas long as short
Extended SAND-USD−0.0016%1h0.04178−0.205%$3K$195K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERPshort+0.0033%1h0.04129−1.379%$757$7955.5x
Bybit SANDUSDT+0.0072%8h0.04179−0.185%$3.3M$3.4M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04182−0.114%$1.8M$3.4M50xas long as short
Gate SAND_USDT+0.0100%8h0.04180−0.161%$474K$559K75xas long as short
BingX SAND-USDT+0.0100%8h0.04178−0.209%—$2.4M—as long as short