SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0266%/8h= −29.2% APRnext payment −$2.66 per $10,000 · paid last 24h −0.120%

Price spread now: Variational Omni against OKX+0.377%7-day average −0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.426%−$43 · spread now +0.377%, 7d avg −0.052%

Together, before fees−0.732%+ Points / potential airdropVariational Omni: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.428% dearer against OKX than usual: you sell high and buy low (spread +0.377% now, against its 7-day average of −0.052%): +$43 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SAND-USDT-SWAP	0.04176	−0.0103	get 0.0103% / 8h	3h 22m	$1.7M	$3.1M	50x
Short	Variational Omni SAND	0.04192	−0.0369	pay 0.0369% / 8h	3h 22m	$114K	$4K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee Variational OmnibpOrdersPrice spread, now +0.377%Rate

Funding earned: −$55.94
Price spread: +0.377% → −0.052%: $42.85
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.09
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 31 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 OKX live order book, 5 min ago	2.39 bp	15.7 bp −$16	872.5 bp −$8,725	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	7.11 bp	doesn't fit	23.7 bp −$237	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_SANDUSD	−0.1119%	1h	0.04191	+0.349%	$157K	$105K	25x	as long as short
Hyperliquid SAND	−0.0513%	1h	0.04178	+0.048%	$576K	$324K	5x	as long as short
Variational Omni SANDshort	−0.0369%	8h	0.04192	+0.377%	$114K	$4K	—
Aster SANDUSDT	−0.0311%	8h	0.04187	+0.254%	$14K	$16K	10x	as long as short
Extended SAND-USD	−0.0216%	1h	0.04177	+0.020%	$5K	$213K	10x	as long as short
Binance SANDUSDT	−0.0213%	8h	0.04177	+0.015%	$6.7M	$12.4M	75x	as long as short
MEXC SAND_USDT	−0.0212%	8h	0.04180	+0.096%	$11.6M	$1.9M	200x	as long as short
Bitget SANDUSDT	−0.0208%	8h	0.04173	−0.072%	$1.7M	$549K	10x	as long as short
BloFin SAND-USDT	−0.0200%	8h	0.04184	+0.192%	$328K	$202K	75x	as long as short
KuCoin SANDUSDTM	−0.0141%	8h	0.04172	−0.096%	$2.6M	$347K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAPlong	−0.0103%	8h	0.04176	long leg	$1.7M	$3.1M	50x
Bybit SANDUSDT	−0.0028%	8h	0.04178	+0.048%	$3.5M	$3.6M	75x	as long as short
BingX SAND-USDT	−0.0019%	8h	0.04179	+0.072%	—	$2.4M	—	as long as short
Gate SAND_USDT	+0.0015%	8h	0.04182	+0.144%	$475K	$649K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.125%	$757	$795	5.5x	as long as short