Funding you earn now, next payment 05:00 UTC+0.0793%/8h= +86.8% APRpaid last 24h −0.070%
Price spread now: Variational Omni against Kraken Futures+0.053%7-day average −0.135% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.053%, 7d avg −0.135%
=Together, before fees−0.236%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Variational Omni is 0.187% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.135%. Mind the row above: over the last 4 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.160% in total (about -16.7% 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 | 0.04194 | −0.1118 | get 0.0140% / 1h | 58m 36s | $157K | $105K | 25x |
| Short | Variational Omni SAND | 0.04196 | −0.0325 | pay 0.0325% / 8h | 3h 58m | $115K | $4K | — |
Kraken Futures PF_SANDUSD
Variational Omni SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $166.54
- Price spread: +0.053% → −0.135%
- $18.75
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $175.29
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 59 min ago; Variational Omni: RFQ quote, 60 min ago. 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, 59 min ago | 16.93 bp | 38.5 bp −$39 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 60 min ago | 4.84 bp | doesn't fit | 21.8 bp −$218 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSDlong | −0.1118% | 1h | 0.04194 | long leg | $157K | $105K | 25x | |
| Hyperliquid SAND | −0.0571% | 1h | 0.04198 | +0.108% | $579K | $326K | 5x | as long as short |
| Variational Omni SANDshort | −0.0325% | 8h | 0.04196 | +0.053% | $115K | $4K | — | |
| Aster SANDUSDT | −0.0253% | 8h | 0.04202 | +0.196% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0184% | 8h | 0.04193 | −0.013% | $326K | $201K | 75x | as long as short |
| Bitget SANDUSDT | −0.0167% | 8h | 0.04196 | +0.058% | $1.7M | $556K | 10x | as long as short |
| Binance SANDUSDT | −0.0162% | 8h | 0.04200 | +0.161% | $6.7M | $12.4M | 75x | as long as short |
| Extended SAND-USD | −0.0160% | 1h | 0.04198 | +0.104% | $6K | $178K | 10x | as long as short |
| MEXC SAND_USDT | −0.0158% | 8h | 0.04201 | +0.178% | $11.8M | $1.8M | 200x | as long as short |
| KuCoin SANDUSDTM | −0.0084% | 8h | 0.04191 | −0.061% | $2.6M | $358K | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0054% | 8h | 0.04196 | +0.058% | $1.7M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0018% | 8h | 0.04201 | +0.178% | $471K | $634K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.539% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0043% | 8h | 0.04198 | +0.106% | $3.5M | $3.5M | 75x | as long as short |
| BingX SAND-USDT | +0.0043% | 8h | 0.04201 | +0.178% | — | $2.4M | — | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
Injective SAND/USDC PERP
Bybit SANDUSDT
BingX SAND-USDT