SAND

Alert

Funding spread now, next payment 17:00 UTC−0.0283%/8h

next payment, per $10,000−$0.35paid, last 24h−0.119%paid, last 4 days−0.454%to open and closeno order book

Long on Injective Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SAND/USDC PERP	0.04129	0.0033	pay 0.0004% / 1h	43m 18s	$757	$29K	5.5x
Short	Kraken Futures PF_SANDUSD	0.04201	−0.0250	pay 0.0031% / 1h	43m 18s	$153K	$116K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: −$59.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$69.52
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.755%
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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	9.51 bp	37.2 bp −$37	73.4 bp −$734	doesn't fit	doesn't fit

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	−0.0436%	8h	$114K	$5K	—	as long as short
Bitget SANDUSDT	−0.0322%	8h	$1.7M	$569K	10x	as long as short
Kraken Futures PF_SANDUSDshort	−0.0250%	1h	$153K	$116K	25x
Extended SAND-USD	−0.0112%	1h	$3K	$194K	10x	as long as short
Binance SANDUSDT	−0.0111%	8h	$6.6M	$12.6M	75x	as long as short
MEXC SAND_USDT	−0.0111%	8h	$11.1M	$1.6M	200x	as long as short
Bybit SANDUSDT	−0.0096%	8h	$3.3M	$3.3M	75x	as long as short
BloFin SAND-USDT	+0.0009%	8h	$332K	$243K	75x	as long as short
Injective SAND/USDC PERPlong	+0.0033%	1h	$757	$29K	5.5x
Aster SANDUSDT	+0.0074%	8h	$14K	$28K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate SAND_USDT	+0.0079%	8h	$450K	$551K	75x	as long as short
KuCoin SANDUSDTM	+0.0096%	8h	$2.6M	$372K	50x	as long as short
Hyperliquid SAND	+0.0100%	1h	$581K	$421K	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