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Funding arb · Price arb /

SAND

all SAND markets
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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+0.0239%/8h= +26.2% APRpaid last 24h +0.047%
Price spread now: OKX against Kraken Futures−0.044%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1001.000% of the position
Long on Kraken FuturesShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.399%+$40 on $10k
Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.044%, 7d avg −0.076%
Together, before fees+0.468%+$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SANDUSD0.04193−0.0139get 0.0017% / 1h43m 12s$154K$106K25x
ShortOKX SAND-USDT-SWAP0.041910.0100get 0.0100% / 8h43m 12s$1.8M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$50.27
Price spread: −0.044% → −0.076%
$3.2
Slippage, 4 orders
−$80.01
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$46.54
Costs to cover
1.000%
Break-even
13.5 days
Slippage from Kraken Futures: live order book, 34 min ago; OKX: live order book, 4 min ago.

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, 34 min ago8.41 bp48.9 bp −$4991.3 bp −$913doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.39 bp16.4 bp −$1647.4 bp −$474doesn't fitdoesn't fit

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
Hyperliquid SAND−0.0281%1h0.04187−0.147%$577K$451K5xas long as short
Variational Omni SAND−0.0185%8h0.04189−0.080%$114K$4K—as long as short
Kraken Futures PF_SANDUSDlong−0.0139%1h0.04193long leg$154K$106K25x
Aster SANDUSDT−0.0053%8h0.04194+0.017%$14K$18K10xas long as short
Bitget SANDUSDT+0.0004%8h0.04186−0.163%$1.7M$540K10xas long as short
KuCoin SANDUSDTM+0.0010%8h0.04188−0.116%$2.6M$383K50xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−1.523%$757$7955.5xas long as short
BloFin SAND-USDT+0.0034%8h0.04195+0.051%$323K$294K75xas long as short
Extended SAND-USD+0.0048%1h0.04192−0.030%$3K$194K10xas long as short
MEXC SAND_USDT+0.0050%8h0.04193+0.004%$11.7M$1.7M200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SANDUSDT+0.0050%8h0.04190−0.072%$6.6M$12.4M75xas long as short
Bybit SANDUSDT+0.0100%8h0.04189−0.092%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAPshort+0.0100%8h0.04191−0.044%$1.8M$3.4M50x
Gate SAND_USDT+0.0100%8h0.04197+0.099%$474K$553K75xas long as short
BingX SAND-USDT+0.0100%8h0.04192−0.020%—$2.4M—as long as short