Funding you earn now, next payment 11:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.019%
Price spread now: Injective against OKX−2.272%88s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 2.272% cheaper against OKX than usual: you would sell low and buy high (spread −2.272% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$227 on $10k: about 19 days of funding at the current rate (+$12 a day). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04225 | −0.0364 | get 0.0364% / 8h | 5h 57m | $1.6M | $3.0M | 50x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 57m 50s | $757 | $795 | 5.5x |
OKX SAND-USDT-SWAP
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- $83.54
- Price spread: −2.272% → 0.000%
- −$227.22
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$153.7
- Costs to cover
- 0.100%
- Break-even
- 19.9 days
Slippage unknown: OKX: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 3 min ago | 1.18 bp | 15.6 bp −$16 | 882.2 bp −$8,822 | doesn't fit | doesn'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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0680% | 8h | 0.04226 | +0.012% | $116K | $652 | — | as long as short |
| Aster SANDUSDT | −0.0655% | 8h | 0.04230 | +0.118% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0601% | 8h | 0.04228 | +0.071% | $339K | $152K | 75x | as long as short |
| Extended SAND-USD | −0.0592% | 1h | 0.04226 | +0.027% | $3K | $221K | 10x | as long as short |
| Binance SANDUSDT | −0.0589% | 8h | 0.04227 | +0.052% | $7.0M | $13.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0588% | 8h | 0.04227 | +0.047% | $11.1M | $1.7M | 200x | as long as short |
| Hyperliquid SAND | −0.0519% | 1h | 0.04226 | +0.024% | $581K | $296K | 5x | as long as short |
| Bybit SANDUSDT | −0.0448% | 8h | 0.04226 | +0.024% | $3.6M | $4.0M | 75x | as long as short |
| Gate SAND_USDT | −0.0429% | 8h | 0.04229 | +0.095% | $504K | $535K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0394% | 8h | 0.04225 | 0.000% | $2.6M | $398K | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Hyperliquid SAND
Bybit SANDUSDT
Gate SAND_USDT
KuCoin SANDUSDTMShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAPlong | −0.0364% | 8h | 0.04225 | long leg | $1.6M | $3.0M | 50x | |
| Bitget SANDUSDT | −0.0329% | 8h | 0.04230 | +0.118% | $1.8M | $492K | 10x | as long as short |
| BingX SAND-USDT | −0.0226% | 8h | 0.04227 | +0.047% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −2.272% | $757 | $795 | 5.5x | |
| Kraken Futures PF_SANDUSD | +0.0149% | 1h | 0.04241 | +0.369% | $161K | $105K | 25x | as long as short |
Bitget SANDUSDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD