Funding you earn now, next payment 21:00 UTC−0.0508%/8h= −55.6% APRnext payment −$0.63 per $10,000 · paid last 24h +0.098%
Price spread now: Injective against Kraken Futures−1.417%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Injective is 1.417% cheaper against Kraken Futures than usual: you would sell low and buy high (−$142 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04188 | 0.0541 | pay 0.0068% / 1h | 32m 20s | $157K | $93K | 25x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 32m 20s | $757 | $795 | 5.5x |
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$106.63
- Price spread: −1.417% → 0.000%
- −$141.72
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$258.36
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 15 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 15 min ago | 4.82 bp | 30.6 bp −$31 | 81.4 bp −$814 | doesn't fit | doesn'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 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0217% | 8h | 0.04171 | −0.425% | $114K | $5K | — | as long as short |
| Hyperliquid SAND | −0.0198% | 1h | 0.04182 | −0.159% | $579K | $437K | 5x | as long as short |
| Bitget SANDUSDT | −0.0178% | 8h | 0.04181 | −0.176% | $1.7M | $547K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0075% | 8h | 0.04180 | −0.200% | $2.6M | $346K | 50x | as long as short |
| Aster SANDUSDT | −0.0041% | 8h | 0.04181 | −0.168% | $14K | $18K | 10x | as long as short |
| BloFin SAND-USDT | −0.0022% | 8h | 0.04177 | −0.271% | $320K | $293K | 75x | as long as short |
| Binance SANDUSDT | −0.0010% | 8h | 0.04186 | −0.056% | $6.5M | $12.3M | 75x | as long as short |
| MEXC SAND_USDT | −0.0010% | 8h | 0.04183 | −0.128% | $11.9M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0008% | 1h | 0.04184 | −0.095% | $3K | $194K | 10x | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −1.417% | $757 | $795 | 5.5x |
Variational Omni SAND
Hyperliquid SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04185 | −0.080% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04185 | −0.080% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04186 | −0.056% | $465K | $584K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04180 | −0.200% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDlong | +0.0541% | 1h | 0.04188 | long leg | $157K | $93K | 25x |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT