SAND

Alert

Funding spread now, next payment 00:00 UTC−0.0248%/8h

next payment, per $10,000−$2.48paid, last 24h−0.038%paid, last 5 days+0.083%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.083% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.48 per $10,000. 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	Aster SANDUSDT	0.04146	0.0002	pay 0.0002% / 8h	5h 14m	$13K	$28K	10x
Short	Bitget SANDUSDT	0.04138	−0.0246	pay 0.0246% / 8h	5h 14m	$1.7M	$551K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BitgetbpOrdersRate

Funding earned: −$52.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.03
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.189%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aster no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	2.42 bp	22.1 bp −$22	38.3 bp −$383	doesn't fit	doesn't fit

Aster: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SAND	−0.0317%	8h	$113K	$5K	—	as long as short
Bitget SANDUSDTshort	−0.0246%	8h	$1.7M	$551K	10x
BloFin SAND-USDT	−0.0072%	8h	$324K	$295K	75x	as long as short
Extended SAND-USD	−0.0056%	1h	$3K	$194K	10x	as long as short
MEXC SAND_USDT	−0.0055%	8h	$10.7M	$1.4M	200x	as long as short
Binance SANDUSDT	−0.0054%	8h	$6.4M	$12.3M	75x	as long as short
Aster SANDUSDTlong	+0.0002%	8h	$13K	$28K	10x
KuCoin SANDUSDTM	+0.0014%	8h	$2.6M	$352K	50x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	$757	$13K	5.5x	as long as short
Hyperliquid SAND	+0.0100%	1h	$576K	$434K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit SANDUSDT	+0.0100%	8h	$3.3M	$3.1M	75x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	$1.8M	$3.2M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	$451K	$568K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0264%	1h	$153K	$95K	25x	as long as short