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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 22:00 UTC+0.0334%/8h= +36.5% APRpaid last 24h −0.007%
Price spread now: Kraken Futures against Bitget−0.033%7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1051.050% of the position
Long on BitgetShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.473%−$47 on $10k
Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.033%, 7d avg +0.155%
Together, before fees−0.465%−$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.188% cheaper against Bitget than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.155%). If the spread goes back, that is −$19 on $10k: about 45 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.473%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SANDUSDT0.04159−0.0049get 0.0049% / 8h2h 04m$1.7M$545K10x
ShortKraken Futures PF_SANDUSD0.041580.0285get 0.0036% / 1h4m 18s$155K$100K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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
$70.06
Price spread: −0.033% → +0.155%
−$18.81
Slippage, 4 orders
−$83.03
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$53.78
Costs to cover
1.050%
Break-even
12.4 days
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 18 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 Bitget live order book, 3 min ago3.61 bp20.7 bp −$2131.6 bp −$316doesn't fitdoesn't fit
Sell Kraken Futures live order book, 18 min ago13.16 bp29.9 bp −$3059.2 bp −$592doesn'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
Variational Omni SAND−0.0144%8h0.04153−0.149%$113K$4K—as long as short
Bitget SANDUSDTlong−0.0049%8h0.04159long leg$1.7M$545K10x
Aster SANDUSDT−0.0043%8h0.04152−0.168%$13K$18K10xas long as short
KuCoin SANDUSDTM−0.0033%8h0.04153−0.144%$2.6M$371K50xas long as short
Hyperliquid SAND−0.0019%1h0.04149−0.233%$571K$446K5xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.721%$757$7955.5xas long as short
Binance SANDUSDT+0.0039%8h0.04153−0.144%$6.5M$12.3M75xas long as short
Extended SAND-USD+0.0040%1h0.04153−0.141%$3K$194K10xas long as short
MEXC SAND_USDT+0.0041%8h0.04152−0.168%$11.6M$1.7M200xas long as short
BloFin SAND-USDT+0.0068%8h0.04157−0.048%$322K$291K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SANDUSDT+0.0100%8h0.04152−0.168%$3.3M$3.2M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04152−0.168%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04157−0.048%$463K$578K75xas long as short
BingX SAND-USDT+0.0100%8h0.04153−0.144%—$2.4M—as long as short
Kraken Futures PF_SANDUSDshort+0.0285%1h0.04158−0.033%$155K$100K25x