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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 01:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.069%
Price spread now: Injective against Aster−1.790%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AsterShort on Injective
What this pair did over the last
the charts below follow
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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Injective is 1.790% cheaper against Aster than usual: you would sell low and buy high (spread −1.790% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$179 on $10k: about 35 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04204−0.0136get 0.0136% / 8h7h 09m$14K$17K10x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h9m 06s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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
$35.48
Price spread: −1.790% → 0.000%
−$178.98
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$151.52
Costs to cover
0.080%
Break-even
36.9 days
Slippage unknown: Aster: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample—————
Sell Injective no order-book sample—————
Aster and 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
Kraken Futures PF_SANDUSD−0.0756%1h0.04213+0.199%$156K$118K25xas long as short
Variational Omni SAND−0.0295%8h0.04195−0.213%$115K$5K—as long as short
Hyperliquid SAND−0.0264%1h0.04199−0.134%$579K$454K5xas long as short
Bybit SANDUSDT−0.0191%8h0.04202−0.053%$3.4M$3.4M75xas long as short
Aster SANDUSDTlong−0.0136%8h0.04204long leg$14K$17K10x
Bitget SANDUSDT−0.0042%8h0.04196−0.196%$1.7M$575K10xas long as short
Extended SAND-USD−0.0032%1h0.04203−0.021%$4K$171K10xas long as short
KuCoin SANDUSDTM−0.0032%8h0.04204−0.006%$2.6M$373K50xas long as short
Binance SANDUSDT−0.0031%8h0.04202−0.046%$6.5M$12.2M75xas long as short
MEXC SAND_USDT−0.0031%8h0.04200−0.101%$11.7M$1.8M200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAND-USDT−0.0030%8h0.04199−0.125%$320K$293K75xas long as short
Injective SAND/USDC PERPshort+0.0033%1h0.04129−1.790%$757$7955.5x
OKX SAND-USDT-SWAP+0.0100%8h0.04200−0.101%$1.7M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04206+0.042%$506K$588K75xas long as short
BingX SAND-USDT+0.0100%8h0.04201−0.077%—$2.4M—as long as short