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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 04:00 UTC+0.0185%/8h= +20.3% APRnext payment +$0.23 per $10,000 · paid last 24h +0.083%
Price spread now: Injective against Extended−0.620%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Injective
What this pair did over the last
the charts below follow
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—+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.620% cheaper against Extended than usual: you would sell low and buy high (spread −0.620% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$62 on $10k: about 11 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SAND-USD0.04155−0.0152get 0.0019% / 1h23m 22s$3K$173K10x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h23m 22s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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
$38.92
Price spread: −0.620% → 0.000%
−$61.95
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$28.05
Costs to cover
0.050%
Break-even
12.0 days
Slippage unknown: Extended: live order book, 33 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 33 min ago2.78 bp12.2 bp −$1265.6 bp −$656doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0335%8h0.04150−0.108%$113K$4K—as long as short
Aster SANDUSDT−0.0249%8h0.04155+0.014%$14K$16K10xas long as short
Binance SANDUSDT−0.0152%8h0.04156+0.026%$6.6M$12.3M75xas long as short
Extended SAND-USDlong−0.0152%1h0.04155long leg$3K$173K10x
MEXC SAND_USDT−0.0152%8h0.04153−0.042%$11.9M$1.8M200xas long as short
Hyperliquid SAND−0.0131%1h0.04149−0.126%$572K$326K5xas long as short
BloFin SAND-USDT−0.0128%8h0.04161+0.151%$321K$199K75xas long as short
Bitget SANDUSDT−0.0100%8h0.04151−0.090%$1.7M$547K10xas long as short
KuCoin SANDUSDTM−0.0073%8h0.04152−0.066%$2.5M$367K50xas long as short
Gate SAND_USDT−0.0056%8h0.04153−0.042%$465K$632K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0011%8h0.04155+0.006%$1.6M$3.2M50xas long as short
BingX SAND-USDT−0.0006%8h0.04156+0.030%—$2.4M—as long as short
Bybit SANDUSDT+0.0019%8h0.04159+0.103%$3.4M$3.5M75xas long as short
Injective SAND/USDC PERPshort+0.0033%1h0.04129−0.620%$757$7955.5x
Kraken Futures PF_SANDUSD+0.0497%1h0.04160+0.128%$155K$106K25xas long as short