Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.042%
Price spread now: Injective against BingX−0.602%87s7-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 0.602% cheaper against BingX than usual: you would sell low and buy high (spread −0.602% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 51 days of funding at the current rate (+$1 a day). The two prices were read 87 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 | BingX SAND-USDT | 0.04154 | −0.0006 | get 0.0006% / 8h | 4h 23m | — | $2.4M | — |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 23m 55s | $757 | $795 | 5.5x |
BingX SAND-USDT
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- $8.26
- Price spread: −0.602% → 0.000%
- −$60.18
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$61.94
- Costs to cover
- 0.100%
- Break-even
- 59.5 days
Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago | 3.62 bp | 12.9 bp −$13 | 23.3 bp −$233 | 277.7 bp −$27.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0335% | 8h | 0.04150 | −0.091% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0254% | 8h | 0.04156 | +0.050% | $14K | $16K | 10x | as long as short |
| MEXC SAND_USDT | −0.0155% | 8h | 0.04155 | +0.024% | $11.9M | $1.8M | 200x | as long as short |
| Binance SANDUSDT | −0.0152% | 8h | 0.04155 | +0.026% | $6.6M | $12.3M | 75x | as long as short |
| Extended SAND-USD | −0.0152% | 1h | 0.04153 | −0.029% | $3K | $173K | 10x | as long as short |
| BloFin SAND-USDT | −0.0128% | 8h | 0.04161 | +0.169% | $321K | $199K | 75x | as long as short |
| Hyperliquid SAND | −0.0120% | 1h | 0.04152 | −0.039% | $572K | $326K | 5x | as long as short |
| Bitget SANDUSDT | −0.0102% | 8h | 0.04148 | −0.144% | $1.7M | $547K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0075% | 8h | 0.04149 | −0.120% | $2.5M | $367K | 50x | as long as short |
| Gate SAND_USDT | −0.0061% | 8h | 0.04153 | −0.024% | $465K | $632K | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
BloFin SAND-USDT
Hyperliquid SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Gate SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0012% | 8h | 0.04151 | −0.072% | $1.6M | $3.2M | 50x | as long as short |
| BingX SAND-USDTlong | −0.0006% | 8h | 0.04154 | long leg | — | $2.4M | — | |
| Bybit SANDUSDT | +0.0015% | 8h | 0.04155 | +0.024% | $3.4M | $3.5M | 75x | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −0.602% | $757 | $795 | 5.5x | |
| Kraken Futures PF_SANDUSD | +0.0497% | 1h | 0.04160 | +0.151% | $155K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
Kraken Futures PF_SANDUSD