Funding you earn now, next payment 01:00 UTC−0.0709%/8h= −77.6% APRnext payment −$0.89 per $10,000 · paid last 24h −0.019%
Price spread now: Kraken Futures against Extended+0.241%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1101.097% of the position
Funding, last 7 days−0.323%−$32 on $10k
+Price spread, last 3 days (all we have)−0.167%−$17 · spread now +0.241%, 7d avg +0.135%
=Together, before fees−0.490%+ Points / potential airdropExtended: Active · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.105% dearer against Extended than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.135%): +$11 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.323% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.323% in total (about -16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. 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 | Extended SAND-USD | 0.04155 | −0.0056 | get 0.0007% / 1h | 1m 00s | $3K | $171K | 10x |
| Short | Kraken Futures PF_SANDUSD | 0.04165 | −0.0765 | pay 0.0096% / 1h | 1m 00s | $155K | $117K | 25x |
Extended SAND-USD
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$148.86
- Price spread: +0.241% → +0.135%
- $10.54
- Slippage, 4 orders
- −$94.7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$248.02
- Costs to cover
- 1.097%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Kraken Futures: live order book, 6 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 Extended live order book, 5 min ago | 2.27 bp | 12.7 bp −$13 | 73.4 bp −$734 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 11.89 bp | 34.0 bp −$34 | 69.9 bp −$699 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSDshort | −0.0765% | 1h | 0.04165 | +0.241% | $155K | $117K | 25x | |
| Variational Omni SAND | −0.0321% | 8h | 0.04154 | −0.017% | $114K | $5K | — | as long as short |
| Bybit SANDUSDT | −0.0281% | 8h | 0.04154 | −0.023% | $3.4M | $3.4M | 75x | as long as short |
| Hyperliquid SAND | −0.0269% | 1h | 0.04153 | −0.050% | $573K | $455K | 5x | as long as short |
| Aster SANDUSDT | −0.0162% | 8h | 0.04161 | +0.145% | $13K | $17K | 10x | as long as short |
| BloFin SAND-USDT | −0.0067% | 8h | 0.04158 | +0.073% | $321K | $290K | 75x | as long as short |
| Extended SAND-USDlong | −0.0056% | 1h | 0.04155 | long leg | $3K | $171K | 10x | |
| Binance SANDUSDT | −0.0053% | 8h | 0.04155 | −0.009% | $6.5M | $12.2M | 75x | as long as short |
| Bitget SANDUSDT | −0.0051% | 8h | 0.04151 | −0.096% | $1.7M | $575K | 10x | as long as short |
| MEXC SAND_USDT | −0.0048% | 8h | 0.04156 | +0.025% | $11.5M | $1.8M | 200x | as long as short |
Variational Omni SAND
Bybit SANDUSDT
Hyperliquid SAND
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
Bitget SANDUSDT
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SANDUSDTM | −0.0040% | 8h | 0.04161 | +0.145% | $2.5M | $373K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.625% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04154 | −0.023% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04167 | +0.290% | $500K | $591K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04154 | −0.023% | — | $2.4M | — | as long as short |
KuCoin SANDUSDTM
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT