Funding you earn now, next payment 06:00 UTC+0.0147%/8h= +16.0% APRpaid last 24h −0.026%
Price spread now: Kraken Futures against Bybit+0.140%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.140%, 7d avg +0.122%
=The price spread sits at its 7-day average of +0.122%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.364%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04230 | −0.0036 | get 0.0036% / 8h | 2h 05m | $3.5M | $3.7M | 75x |
| Short | Kraken Futures PF_SANDUSD | 0.04236 | 0.0110 | get 0.0014% / 1h | 5m 14s | $160K | $104K | 25x |
Bybit SANDUSDT
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $30.77
- Price spread: +0.140% → +0.122%
- $1.84
- Slippage, 4 orders
- −$91.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$80.02
- Costs to cover
- 1.126%
- Break-even
- 25.2 days
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 42 min ago.
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, 2 min ago | 1.18 bp | 14.1 bp −$14 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 14.29 bp | 30.0 bp −$30 | 59.8 bp −$598 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0498% | 1h | 0.04225 | −0.118% | $586K | $328K | 5x | as long as short |
| Aster SANDUSDT | −0.0362% | 8h | 0.04228 | −0.042% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0356% | 8h | 0.04219 | −0.266% | $115K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0274% | 8h | 0.04229 | −0.026% | $6.8M | $12.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0273% | 8h | 0.04230 | 0.000% | $11.4M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0272% | 1h | 0.04226 | −0.092% | $3K | $223K | 10x | as long as short |
| BloFin SAND-USDT | −0.0269% | 8h | 0.04228 | −0.047% | $327K | $140K | 75x | as long as short |
| Bitget SANDUSDT | −0.0237% | 8h | 0.04225 | −0.118% | $1.7M | $547K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0180% | 8h | 0.04223 | −0.165% | $2.6M | $363K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0162% | 8h | 0.04226 | −0.095% | $1.7M | $3.2M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | −0.0036% | 8h | 0.04230 | long leg | $3.5M | $3.7M | 75x | |
| BingX SAND-USDT | −0.0030% | 8h | 0.04229 | −0.024% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0005% | 8h | 0.04228 | −0.047% | $486K | $672K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.388% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSDshort | +0.0110% | 1h | 0.04236 | +0.140% | $160K | $104K | 25x |
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP