Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.058%
Price spread now: Injective against Bybit−1.196%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Funding pays, the price is against you. Injective is 1.196% cheaper against Bybit than usual: you would sell low and buy high (spread −1.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$120 on $10k: about 2 months of funding at the current rate (+$2 a day). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04179 | −0.0029 | get 0.0029% / 8h | 5h 11m | $3.4M | $3.4M | 75x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 11m 35s | $757 | $795 | 5.5x |
Bybit SANDUSDT
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.19
- Price spread: −1.196% → 0.000%
- −$119.65
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$117.48
- Costs to cover
- 0.110%
- Break-even
- 69.3 days
Slippage unknown: Bybit: live order book, 1 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 1.20 bp | 15.0 bp −$15 | 38.7 bp −$387 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0345% | 8h | 0.04188 | +0.220% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0280% | 1h | 0.04172 | −0.160% | $577K | $338K | 5x | as long as short |
| Aster SANDUSDT | −0.0176% | 8h | 0.04178 | −0.015% | $14K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0094% | 8h | 0.04180 | +0.024% | $478K | $640K | 75x | as long as short |
| Binance SANDUSDT | −0.0079% | 8h | 0.04179 | 0.000% | $6.4M | $11.8M | 75x | as long as short |
| Bitget SANDUSDT | −0.0075% | 8h | 0.04171 | −0.191% | $1.7M | $548K | 10x | as long as short |
| MEXC SAND_USDT | −0.0067% | 8h | 0.04178 | −0.024% | $11.6M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0064% | 1h | 0.04177 | −0.048% | $7K | $173K | 10x | as long as short |
| BloFin SAND-USDT | −0.0041% | 8h | 0.04180 | +0.024% | $320K | $218K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0035% | 8h | 0.04174 | −0.120% | $2.6M | $371K | 50x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Gate SAND_USDT
Binance SANDUSDT
Bitget SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | −0.0029% | 8h | 0.04179 | long leg | $3.4M | $3.4M | 75x | |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −1.196% | $757 | $795 | 5.5x | |
| OKX SAND-USDT-SWAP | +0.0058% | 8h | 0.04180 | +0.024% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0069% | 8h | 0.04181 | +0.048% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0239% | 1h | 0.04183 | +0.090% | $156K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD