Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.087%
Price spread now: Injective against Binance−1.182%107s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Funding pays, the price is against you. Injective is 1.182% cheaper against Binance than usual: you would sell low and buy high (spread −1.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$118 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SANDUSDT | 0.04178 | −0.0022 | get 0.0022% / 8h | 7h 31m | $6.5M | $12.2M | 75x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 31m 39s | $757 | $795 | 5.5x |
Binance SANDUSDT
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $11.69
- Price spread: −1.182% → 0.000%
- −$118.17
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$116.5
- Costs to cover
- 0.100%
- Break-even
- 76.8 days
Slippage unknown: Binance: live order book, 9 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 9 min ago | 1.20 bp | 15.6 bp −$16 | 28.8 bp −$288 | 258.4 bp −$25.8K | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0763% | 1h | 0.04176 | −0.045% | $155K | $119K | 25x | as long as short |
| Variational Omni SAND | −0.0263% | 8h | 0.04156 | −0.527% | $114K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0133% | 8h | 0.04169 | −0.216% | $14K | $17K | 10x | as long as short |
| Hyperliquid SAND | −0.0068% | 1h | 0.04167 | −0.272% | $574K | $454K | 5x | as long as short |
| BloFin SAND-USDT | −0.0046% | 8h | 0.04165 | −0.320% | $319K | $291K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0043% | 8h | 0.04164 | −0.344% | $2.6M | $373K | 50x | as long as short |
| Bitget SANDUSDT | −0.0038% | 8h | 0.04174 | −0.105% | $1.7M | $571K | 10x | as long as short |
| Bybit SANDUSDT | −0.0031% | 8h | 0.04172 | −0.153% | $3.4M | $3.4M | 75x | as long as short |
| Extended SAND-USD | −0.0024% | 1h | 0.04170 | −0.198% | $5K | $179K | 10x | as long as short |
| Binance SANDUSDTlong | −0.0022% | 8h | 0.04178 | long leg | $6.5M | $12.2M | 75x |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Aster SANDUSDT
Hyperliquid SAND
BloFin SAND-USDT
KuCoin SANDUSDTM
Bitget SANDUSDT
Bybit SANDUSDT
Extended SAND-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SAND_USDT | −0.0022% | 8h | 0.04170 | −0.200% | $11.6M | $1.8M | 200x | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −1.182% | $757 | $795 | 5.5x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04173 | −0.129% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04177 | −0.033% | $502K | $577K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04178 | −0.009% | — | $2.4M | — | as long as short |
MEXC SAND_USDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT