Settings8H · net · $10k
Funding arb · Price arb /

SAND

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.4% APRnext payment +$2.04 per $10,000 · paid last 24h +0.097%
Price spread now: BloFin against Variational Omni+0.115%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.321%+$32 on $10k
Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.115%, 7d avg +0.027%
Together, before fees+0.189%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.087% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SAND0.04155−0.0328get 0.0328% / 8h4h 20m$114K$4K
ShortBloFin SAND-USDT0.04160−0.0123pay 0.0123% / 8h4h 20m$322K$199K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. 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
$42.94
Price spread: +0.115% → +0.027%
$8.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$39.69
Costs to cover
0.120%
Break-even
0.5 days
Slippage unknown: Variational Omni: RFQ quote, 38 min ago; BloFin: live order book, 14 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 Variational Omni RFQ quote, 38 min ago4.84 bpdoesn't fit50.8 bp −$508doesn't fitdoesn't fit
Sell BloFin live order book, 14 min ago1.21 bp21.3 bp −$2132.3 bp −$32394.7 bp −$9,467doesn't fit

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 SANDlong−0.0328%8h0.04155long leg$114K$4K
Aster SANDUSDT−0.0240%8h0.04161+0.128%$14K$16K10xas long as short
Hyperliquid SAND−0.0165%1h0.04155−0.010%$572K$326K5xas long as short
Binance SANDUSDT−0.0146%8h0.04158+0.077%$6.6M$12.3M75xas long as short
MEXC SAND_USDT−0.0145%8h0.04159+0.091%$11.9M$1.8M200xas long as short
Extended SAND-USD−0.0144%1h0.04159+0.086%$6K$178K10xas long as short
BloFin SAND-USDTshort−0.0123%8h0.04160+0.115%$322K$199K75x
Bitget SANDUSDT−0.0101%8h0.04155−0.006%$1.7M$547K10xas long as short
KuCoin SANDUSDTM−0.0068%8h0.04154−0.030%$2.5M$367K50xas long as short
Gate SAND_USDT−0.0041%8h0.04158+0.067%$466K$632K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0010%8h0.04153−0.054%$1.7M$3.2M50xas long as short
BingX SAND-USDT+0.0015%8h0.04160+0.115%$2.4Mas long as short
Bybit SANDUSDT+0.0028%8h0.04157+0.043%$3.4M$3.5M75xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.631%$757$7955.5xas long as short
Kraken Futures PF_SANDUSD+0.0497%1h0.04157+0.049%$155K$106K25xas long as short