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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 05:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.069%
Price spread now: Injective against Aster−1.960%67s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AsterShort on Injective
What this pair did over the last
the charts below follow
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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Injective is 1.960% cheaper against Aster than usual: you would sell low and buy high (spread −1.960% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$196 on $10k: about 22 days of funding at the current rate (+$9 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04212−0.0262get 0.0262% / 8h3h 50m$14K$16K10x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h50m 04s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$62.03
Price spread: −1.960% → 0.000%
−$195.95
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$141.94
Costs to cover
0.080%
Break-even
23.0 days
Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample—————
Sell Injective no order-book sample—————
Aster and 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
Kraken Futures PF_SANDUSD−0.1112%1h0.04218+0.149%$158K$107K25xas long as short
Hyperliquid SAND−0.0514%1h0.04205−0.164%$580K$327K5xas long as short
Variational Omni SAND−0.0319%8h0.04203−0.208%$115K$4K—as long as short
Aster SANDUSDTlong−0.0262%8h0.04212long leg$14K$16K10x
Binance SANDUSDT−0.0168%8h0.04207−0.107%$6.7M$12.4M75xas long as short
Extended SAND-USD−0.0168%1h0.04204−0.184%$3K$177K10xas long as short
MEXC SAND_USDT−0.0168%8h0.04208−0.084%$11.7M$1.9M200xas long as short
BloFin SAND-USDT−0.0165%8h0.04199−0.297%$326K$202K75xas long as short
Bitget SANDUSDT−0.0163%8h0.04202−0.226%$1.7M$555K10xas long as short
KuCoin SANDUSDTM−0.0087%8h0.04201−0.250%$2.6M$358K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0057%8h0.04208−0.084%$1.7M$3.3M50xas long as short
Gate SAND_USDT+0.0025%8h0.04205−0.155%$476K$643K75xas long as short
Injective SAND/USDC PERPshort+0.0033%1h0.04129−1.960%$757$7955.5x
Bybit SANDUSDT+0.0048%8h0.04207−0.107%$3.5M$3.6M75xas long as short
BingX SAND-USDT+0.0054%8h0.04206−0.131%—$2.4M—as long as short