Funding you earn now, next payment 10:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.082%
Price spread now: Variational Omni against Extended+0.103%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.103%, 7d avg +0.007%
=Together, before fees−0.287%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.096% dearer against Extended than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.007%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 4 days (−0.270% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SAND-USD | 0.04270 | −0.0536 | get 0.0067% / 1h | 58m 57s | $3K | $226K | 10x |
| Short | Variational Omni SAND | 0.04274 | −0.0598 | pay 0.0598% / 8h | 6h 58m | $117K | $2K | — |
Extended SAND-USD
Variational Omni SANDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$13.12
- Price spread: +0.103% → +0.007%
- $9.58
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.54
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 32 min ago; Variational Omni: RFQ quote, 35 min ago. 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 Extended live order book, 32 min ago | 2.01 bp | 11.8 bp −$12 | 88.9 bp −$889 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 35 min ago | 5.91 bp | doesn't fit | 39.0 bp −$390 | 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 | −0.0706% | 1h | 0.04271 | +0.032% | $589K | $329K | 5x | as long as short |
| Aster SANDUSDT | −0.0612% | 8h | 0.04281 | +0.255% | $15K | $19K | 10x | as long as short |
| Variational Omni SANDshort | −0.0598% | 8h | 0.04274 | +0.103% | $117K | $2K | — | |
| Binance SANDUSDT | −0.0537% | 8h | 0.04272 | +0.051% | $7.0M | $14.0M | 75x | as long as short |
| MEXC SAND_USDT | −0.0537% | 8h | 0.04270 | +0.004% | $11.3M | $1.8M | 200x | as long as short |
| Extended SAND-USDlong | −0.0536% | 1h | 0.04270 | long leg | $3K | $226K | 10x | |
| BloFin SAND-USDT | −0.0530% | 8h | 0.04282 | +0.285% | $337K | $148K | 75x | as long as short |
| Bybit SANDUSDT | −0.0472% | 8h | 0.04271 | +0.028% | $3.7M | $4.0M | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0401% | 8h | 0.04271 | +0.028% | $2.6M | $421K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0332% | 8h | 0.04272 | +0.051% | $1.6M | $3.3M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
Bybit SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDT | −0.0270% | 8h | 0.04265 | −0.113% | $1.8M | $523K | 10x | as long as short |
| Gate SAND_USDT | −0.0228% | 8h | 0.04279 | +0.215% | $510K | $567K | 75x | as long as short |
| BingX SAND-USDT | −0.0183% | 8h | 0.04274 | +0.098% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0008% | 1h | 0.04278 | +0.194% | $162K | $106K | 25x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.298% | $757 | $795 | 5.5x | as long as short |
Bitget SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERP