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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0247%/8h= +27.1% APRnext payment +$2.47 per $10,000 · paid last 24h +0.027%
Price spread now: OKX against Aster−0.048%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 OKX
What this pair did over the last
the charts below follow
Funding, last 5 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. OKX is 0.048% cheaper against Aster than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04162−0.0147get 0.0147% / 8h5h 59m$14K$16K10x
ShortOKX SAND-USDT-SWAP0.041600.0100get 0.0100% / 8h5h 59m$1.7M$3.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$51.89
Price spread: −0.048% → 0.000%
−$4.81
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$29.08
Costs to cover
0.180%
Break-even
3.1 days
Slippage unknown: Aster: no order-book sample; OKX: live order book, 3 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 Aster no order-book sample—————
Sell OKX live order book, 3 min ago1.20 bp20.5 bp −$21115.8 bp −$1,158doesn't fitdoesn't fit
Aster: 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 14 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 SAND−0.0345%8h0.04156−0.138%$114K$4K—as long as short
Hyperliquid SAND−0.0271%1h0.04157−0.125%$576K$358K5xas long as short
Aster SANDUSDTlong−0.0147%8h0.04162long leg$14K$16K10x
Bybit SANDUSDT−0.0082%8h0.04159−0.072%$3.4M$3.4M75xas long as short
MEXC SAND_USDT−0.0036%8h0.04157−0.120%$11.6M$1.7M200xas long as short
Binance SANDUSDT−0.0036%8h0.04158−0.094%$6.4M$12.0M75xas long as short
Extended SAND-USD−0.0032%1h0.04158−0.103%$3K$173K10xas long as short
Bitget SANDUSDT−0.0015%8h0.04153−0.216%$1.7M$547K10xas long as short
KuCoin SANDUSDTM+0.0027%8h0.04154−0.192%$2.5M$375K50xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.793%$757$7955.5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAPshort+0.0100%8h0.04160−0.048%$1.7M$3.2M50x
Gate SAND_USDT+0.0100%8h0.04161−0.024%$459K$613K75xas long as short
BingX SAND-USDT+0.0100%8h0.04160−0.048%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0240%1h0.04166+0.104%$155K$104K25xas long as short