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

SAND

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.002%
Price spread now: Extended against Binance+0.274%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$530.533% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.274%, 7d avg −0.033%
Together, before fees−0.306%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.307% dearer against Binance than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SANDUSDT0.04174−0.0250get 0.0250% / 8h2h 34m$6.7M$12.7M75x
ShortExtended SAND-USD0.04186−0.0248pay 0.0031% / 1h34m 43s$3K$225K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
$0.43
Price spread: +0.274% → −0.033%
$30.69
Slippage, 4 orders
−$38.34
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$22.22
Costs to cover
0.533%
Break-even
370.1 days
Slippage from Binance: live order book, 5 min ago; Extended: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago1.20 bp13.0 bp −$1326.8 bp −$268332.7 bp −$33.3Kdoesn't fit
Sell Extended live order book, 12 min ago2.39 bp11.6 bp −$1270.7 bp −$707doesn't fitdoesn'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
Hyperliquid SAND−0.0433%1h0.04174−0.004%$578K$325K5xas long as short
Variational Omni SAND−0.0365%8h0.04174−0.001%$114K$4Kas long as short
Aster SANDUSDT−0.0338%8h0.04181+0.147%$14K$16K10xas long as short
BloFin SAND-USDT−0.0251%8h0.04188+0.326%$331K$138K75xas long as short
Binance SANDUSDTlong−0.0250%8h0.04174long leg$6.7M$12.7M75x
MEXC SAND_USDT−0.0250%8h0.04172−0.057%$11.4M$1.9M200xas long as short
Extended SAND-USDshort−0.0248%1h0.04186+0.274%$3K$225K10x
Bitget SANDUSDT−0.0227%8h0.04174−0.009%$1.7M$555K10xas long as short
OKX SAND-USDT-SWAP−0.0158%8h0.04171−0.081%$1.7M$3.1M50xas long as short
KuCoin SANDUSDTM−0.0156%8h0.04175+0.015%$2.6M$352K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SAND-USDT−0.0033%8h0.04187+0.302%$2.4Mas long as short
Bybit SANDUSDT−0.0032%8h0.04179+0.111%$3.4M$3.6M75xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−1.087%$757$7955.5xas long as short
Gate SAND_USDT+0.0039%8h0.04183+0.207%$471K$652K75xas long as short
Kraken Futures PF_SANDUSD+0.0111%1h0.04197+0.538%$157K$104K25xas long as short