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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.139%
Price spread now: Variational Omni against Injective+0.993%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.993% dearer against Injective than usual: you sell high and buy low (spread +0.993% now, against zero (this spread has no 7-day history yet)): +$99 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SAND/USDC PERP0.041290.0033pay 0.0004% / 1h26m 42s$757$7955.5x
ShortVariational Omni SAND0.04170−0.0235pay 0.0235% / 8h26m 42s$114K$4K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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
−$56.45
Price spread: +0.993% → 0.000%
$99.35
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$42.88
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 52 min ago. 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 Injective no order-book sample—————
Sell Variational Omni RFQ quote, 52 min ago6.00 bpdoesn't fit25.2 bp −$252doesn't fitdoesn'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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SANDshort−0.0235%8h0.04170+0.993%$114K$4K—
Kraken Futures PF_SANDUSD−0.0140%1h0.04176+1.132%$154K$106K25xas long as short
Aster SANDUSDT−0.0098%8h0.04181+1.260%$14K$18K10xas long as short
Hyperliquid SAND−0.0048%1h0.04172+1.034%$575K$451K5xas long as short
Bitget SANDUSDT−0.0032%8h0.04167+0.920%$1.7M$542K10xas long as short
KuCoin SANDUSDTM−0.0021%8h0.04172+1.041%$2.6M$380K50xas long as short
BloFin SAND-USDT−0.0018%8h0.04180+1.235%$325K$293K75xas long as short
Binance SANDUSDT+0.0008%8h0.04171+1.019%$6.5M$12.4M75xas long as short
Extended SAND-USD+0.0008%1h0.04170+1.000%$3K$194K10xas long as short
MEXC SAND_USDT+0.0011%8h0.04175+1.114%$11.7M$1.7M200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERPlong+0.0033%1h0.04129long leg$757$7955.5x
Bybit SANDUSDT+0.0055%8h0.04170+0.993%$3.3M$3.4M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04172+1.041%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04178+1.187%$473K$558K75xas long as short
BingX SAND-USDT+0.0100%8h0.04169+0.969%—$2.4M—as long as short