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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 11:00 UTC+0.0625%/8h= +68.5% APRnext payment +$0.78 per $10,000 · paid last 24h +0.046%
Price spread now: Injective against Extended−2.019%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort 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 airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 2.019% cheaper against Extended than usual: you would sell low and buy high (spread −2.019% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$202 on $10k: about 11 days of funding at the current rate (+$19 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SAND-USD0.04214−0.0592get 0.0074% / 1h54m 52s$3K$221K10x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h54m 52s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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
$131.32
Price spread: −2.019% → 0.000%
−$201.88
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$75.58
Costs to cover
0.050%
Break-even
11.0 days
Slippage unknown: Extended: live order book, 54 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 54 min ago3.07 bp13.0 bp −$1397.0 bp −$970doesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0686%8h0.04220+0.151%$116K$652—as long as short
Aster SANDUSDT−0.0656%8h0.04224+0.236%$14K$16K10xas long as short
Extended SAND-USDlong−0.0592%1h0.04214long leg$3K$221K10x
Binance SANDUSDT−0.0591%8h0.04216+0.046%$7.0M$13.4M75xas long as short
MEXC SAND_USDT−0.0589%8h0.04216+0.046%$11.0M$1.7M200xas long as short
BloFin SAND-USDT−0.0583%8h0.04218+0.093%$338K$151K75xas long as short
Gate SAND_USDT−0.0456%8h0.04217+0.069%$502K$535K75xas long as short
Bybit SANDUSDT−0.0449%8h0.04216+0.046%$3.6M$4.0M75xas long as short
KuCoin SANDUSDTM−0.0401%8h0.04219+0.117%$2.6M$397K50xas long as short
Hyperliquid SAND−0.0387%1h0.04215+0.020%$580K$296K5xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0379%8h0.04213−0.026%$1.6M$3.0M50xas long as short
Bitget SANDUSDT−0.0330%8h0.04210−0.097%$1.8M$493K10xas long as short
BingX SAND-USDT−0.0230%8h0.04218+0.093%—$2.4M—as long as short
Injective SAND/USDC PERPshort+0.0033%1h0.04129−2.019%$757$7955.5x
Kraken Futures PF_SANDUSD+0.0149%1h0.04227+0.298%$160K$105K25xas long as short