SAND

Alert

Funding spread now, next payment 17:00 UTC+0.0262%/8h

paid, last 24h+0.048%paid, last 4 days+0.012%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.012% in total (about 1.2% a year). A funding rate is set anew for every payment. 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	Bybit SANDUSDT	0.04171	−0.0229	get 0.0229% / 8h	7h 14m	$3.3M	$3.2M	75x
Short	Injective SAND/USDC PERP	0.04129	0.0033	get 0.0004% / 1h	14m 11s	$757	$29K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee InjectivebpOrdersRate

Funding earned: $55.11
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $44.09
Break-even: 1.4 days

Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.007%
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 Bybit live order book, 5 min ago	1.20 bp	14.6 bp −$15	37.5 bp −$375	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni SAND	−0.0449%	8h	$113K	$5K	—	as long as short
Bitget SANDUSDT	−0.0334%	8h	$1.7M	$554K	10x	as long as short
Kraken Futures PF_SANDUSD	−0.0251%	1h	$153K	$102K	25x	as long as short
Bybit SANDUSDTlong	−0.0229%	8h	$3.3M	$3.2M	75x
Extended SAND-USD	−0.0112%	1h	$3K	$194K	10x	as long as short
MEXC SAND_USDT	−0.0110%	8h	$10.9M	$1.6M	200x	as long as short
Binance SANDUSDT	−0.0110%	8h	$6.5M	$12.4M	75x	as long as short
Gate SAND_USDT	−0.0087%	8h	$446K	$554K	75x	as long as short
BloFin SAND-USDT	+0.0009%	8h	$331K	$237K	75x	as long as short
Injective SAND/USDC PERPshort	+0.0033%	1h	$757	$29K	5.5x

Show all 15 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster SANDUSDT	+0.0076%	8h	$14K	$28K	10x	as long as short
KuCoin SANDUSDTM	+0.0082%	8h	$2.6M	$374K	50x	as long as short
Hyperliquid SAND	+0.0100%	1h	$577K	$426K	5x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	$1.8M	$3.2M	50x	as long as short
BingX SAND-USDT	+0.0100%	8h	—	$2.4M	—	as long as short