SAND

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.222%

7d average—if it closes, per $10,000$22funding while held, a day+$4.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SANDUSDT	0.04130	−0.0110	get 0.0110% / 8h	6h 36m	$6.4M	$12.3M	75x
Short	Aster SANDUSDT	0.04139	0.0028	get 0.0028% / 8h	6h 36m	$13K	$27K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BinancebpFee AsterbpOrdersClose when spread is

Spread captured: $22.17
Funding while held: $4.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $8.29
Spread needed to break even: 0.180%

Slippage unknown: Binance: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0137%
Per $10,000 a day: +$4.12
Average in range /8h: —

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 Binance live order book, 5 min ago	1.21 bp	12.7 bp −$13	24.0 bp −$240	261.2 bp −$26.1K	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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 price on every exchange

against the cheapest. Click to use as the short leg.

Bitget0.04124cheapest Variational Omni0.04127+0.066%Injective0.04129+0.121%Hyperliquid0.04129+0.131%

Binance0.04130+0.145%

MEXC0.04130+0.145%KuCoin0.04130+0.145%Extended0.04131+0.166%Bybit0.04133+0.218%OKX0.04133+0.218%BingX0.04134+0.242%BloFin0.04134+0.242%Gate0.04137+0.315%

Aster0.04139+0.368%

Kraken Futures0.04143+0.457%

SAND on 15 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget SANDUSDT	−0.145%	−0.0333%	8h	$1.7M	$552K	10x	as long as short
Variational Omni SAND	−0.079%	−0.0433%	8h	$113K	$5K	—	as long as short
Injective SAND/USDC PERP	−0.024%	+0.0033%	1h	$757	$29K	5.5x	as long as short
Hyperliquid SAND	−0.015%	+0.0100%	1h	$569K	$430K	5x	as long as short
Binance SANDUSDTlong	0.000%	−0.0110%	8h	$6.4M	$12.3M	75x
MEXC SAND_USDT	0.000%	−0.0108%	8h	$10.8M	$1.4M	200x	as long as short
KuCoin SANDUSDTM	0.000%	+0.0041%	8h	$2.6M	$361K	50x	as long as short
Extended SAND-USD	+0.021%	−0.0112%	1h	$3K	$194K	10x	as long as short
Bybit SANDUSDT	+0.073%	−0.0110%	8h	$3.3M	$3.2M	75x	as long as short
OKX SAND-USDT-SWAP	+0.073%	+0.0100%	8h	$1.8M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX SAND-USDT	+0.097%	+0.0100%	8h	—	$2.4M	—	as long as short
BloFin SAND-USDT	+0.097%	+0.0011%	8h	$326K	$282K	75x	as long as short
Gate SAND_USDT	+0.169%	−0.0151%	8h	$452K	$562K	75x	as long as short
Aster SANDUSDTshort	+0.222%	+0.0028%	8h	$13K	$27K	10x
Kraken Futures PF_SANDUSD	+0.311%	+0.0080%	1h	$151K	$99K	25x	as long as short