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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+0.0100%/8h= +11.0% APRpaid last 24h +0.050%
Price spread now: Kraken Futures against Variational Omni+0.025%7-day average +0.130% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.140%+$14 on $10k
Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.025%, 7d avg +0.130%
Together, before fees+0.188%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.105% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.130%). If the spread goes back, that is −$11 on $10k: about 3.5 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SAND0.04179−0.0180get 0.0180% / 8h1h 38m$114K$4K—
ShortKraken Futures PF_SANDUSD0.04180−0.0079pay 0.0010% / 1h38m 07s$156K$98K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$21.05
Price spread: +0.025% → +0.130%
−$10.51
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$0.54
Costs to cover
0.100%
Break-even
6.8 days
Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Kraken Futures: live order book, 44 min ago. 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, 46 min ago4.79 bpdoesn't fit40.7 bp −$407doesn't fitdoesn't fit
Sell Kraken Futures live order book, 44 min ago13.16 bp29.9 bp −$3059.2 bp −$592doesn'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−0.0399%1h0.04173−0.139%$574K$445K5xas long as short
Variational Omni SANDlong−0.0180%8h0.04179long leg$114K$4K—
Aster SANDUSDT−0.0087%8h0.04179+0.002%$14K$18K10xas long as short
Kraken Futures PF_SANDUSDshort−0.0079%1h0.04180+0.025%$156K$98K25x
Bitget SANDUSDT−0.0047%8h0.04175−0.084%$1.7M$546K10xas long as short
KuCoin SANDUSDTM−0.0039%8h0.04178−0.012%$2.6M$365K50xas long as short
MEXC SAND_USDT+0.0004%8h0.04178−0.012%$11.7M$1.7M200xas long as short
Binance SANDUSDT+0.0005%8h0.04177−0.037%$6.6M$12.4M75xas long as short
Extended SAND-USD+0.0008%1h0.04181+0.065%$3K$194K10xas long as short
BloFin SAND-USDT+0.0019%8h0.04181+0.059%$322K$293K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−1.185%$757$7955.5xas long as short
Bybit SANDUSDT+0.0100%8h0.04176−0.060%$3.4M$3.2M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04175−0.084%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04183+0.107%$465K$568K75xas long as short
BingX SAND-USDT+0.0100%8h0.04178−0.012%—$2.4M—as long as short