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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 23:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h +0.139%
Price spread now: Injective against Variational Omni−0.856%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Injective
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.856% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.856% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$86 on $10k: about 15 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SAND0.04165−0.0152get 0.0152% / 8h1h 55m$114K$4K—
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h55m 11s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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
$39.01
Price spread: −0.856% → 0.000%
−$85.59
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$46.6
Costs to cover
0.000%
Break-even
15.4 days
Slippage unknown: Variational Omni: RFQ quote, 29 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 Variational Omni RFQ quote, 29 min ago4.79 bpdoesn't fit40.7 bp −$407doesn'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
Hyperliquid SAND−0.0198%1h0.04168+0.083%$573K$446K5xas long as short
Variational Omni SANDlong−0.0152%8h0.04165long leg$114K$4K—
Kraken Futures PF_SANDUSD−0.0080%1h0.04174+0.214%$156K$96K25xas long as short
Aster SANDUSDT−0.0057%8h0.04173+0.202%$14K$18K10xas long as short
Bitget SANDUSDT−0.0037%8h0.04168+0.081%$1.7M$545K10xas long as short
KuCoin SANDUSDTM−0.0032%8h0.04170+0.129%$2.6M$370K50xas long as short
MEXC SAND_USDT+0.0027%8h0.04173+0.201%$11.7M$1.7M200xas long as short
Binance SANDUSDT+0.0029%8h0.04172+0.188%$6.5M$12.3M75xas long as short
Extended SAND-USD+0.0032%1h0.04172+0.184%$3K$194K10xas long as short
Injective SAND/USDC PERPshort+0.0033%1h0.04129−0.856%$757$7955.5x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAND-USDT+0.0058%8h0.04173+0.201%$322K$293K75xas long as short
Bybit SANDUSDT+0.0100%8h0.04171+0.153%$3.3M$3.2M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04171+0.153%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04177+0.297%$465K$568K75xas long as short
BingX SAND-USDT+0.0100%8h0.04173+0.201%—$2.4M—as long as short