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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0262%/8h= +28.7% APRnext payment +$2.62 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against Aster−0.147%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AsterShort on Gate
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Gate is 0.147% cheaper against Aster than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 45 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04170−0.0162get 0.0162% / 8h6h 25m$14K$17K10x
ShortGate SAND_USDT0.041640.0100get 0.0100% / 8h6h 25m$461K$624K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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
$54.98
Price spread: −0.147% → 0.000%
−$14.74
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$17.24
Costs to cover
0.230%
Break-even
4.8 days
Slippage unknown: Aster: no order-book sample; Gate: live order book, 41 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 Aster no order-book sample—————
Sell Gate live order book, 41 min ago3.58 bp29.9 bp −$30doesn't fitdoesn't fitdoesn'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 14 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
Variational Omni SAND−0.0327%8h0.04167−0.080%$114K$4K—as long as short
Aster SANDUSDTlong−0.0162%8h0.04170long leg$14K$17K10x
Bybit SANDUSDT−0.0086%8h0.04166−0.099%$3.4M$3.5M75xas long as short
Extended SAND-USD−0.0048%1h0.04164−0.153%$6K$171K10xas long as short
Binance SANDUSDT−0.0046%8h0.04166−0.102%$6.4M$12.2M75xas long as short
MEXC SAND_USDT−0.0046%8h0.04165−0.123%$11.4M$1.7M200xas long as short
Bitget SANDUSDT−0.0019%8h0.04164−0.147%$1.7M$580K10xas long as short
KuCoin SANDUSDTM−0.0002%8h0.04165−0.123%$2.6M$375K50xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.987%$757$7955.5xas long as short
Hyperliquid SAND+0.0100%1h0.04163−0.171%$573K$449K5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP+0.0100%8h0.04163−0.171%$1.7M$3.2M50xas long as short
Gate SAND_USDTshort+0.0100%8h0.04164−0.147%$461K$624K75x
BingX SAND-USDT+0.0100%8h0.04168−0.052%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0429%1h0.04178+0.189%$155K$113K25xas long as short