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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.064%
Price spread now: BloFin against Injective+1.066%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on BloFin
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—needs both histories
The price spread pays, funding is against you. BloFin is 1.066% dearer against Injective than usual: you sell high and buy low (spread +1.066% now, against zero (this spread has no 7-day history yet)): +$107 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SAND/USDC PERP0.041290.0033pay 0.0004% / 1h31m 15s$757$7955.5x
ShortBloFin SAND-USDT0.041730.0001get 0.0001% / 8h7h 31m$319K$291K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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
−$6.73
Price spread: +1.066% → 0.000%
$106.56
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BloFin: 6 bp × 2 orders
−$12
Net
$87.81
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 38 min ago. 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 Injective no order-book sample—————
Sell BloFin live order book, 38 min ago2.40 bp15.6 bp −$1623.5 bp −$23586.7 bp −$8,668doesn't fit
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
Kraken Futures PF_SANDUSD−0.0762%1h0.04178+1.195%$155K$119K25xas long as short
Variational Omni SAND−0.0256%8h0.04168+0.941%$114K$5K—as long as short
Aster SANDUSDT−0.0133%8h0.04177+1.170%$14K$17K10xas long as short
Hyperliquid SAND−0.0071%1h0.04171+1.012%$574K$454K5xas long as short
KuCoin SANDUSDTM−0.0043%8h0.04168+0.945%$2.6M$373K50xas long as short
Bitget SANDUSDT−0.0038%8h0.04169+0.969%$1.7M$571K10xas long as short
Bybit SANDUSDT−0.0031%8h0.04168+0.945%$3.4M$3.4M75xas long as short
Extended SAND-USD−0.0024%1h0.04176+1.145%$5K$179K10xas long as short
Binance SANDUSDT−0.0022%8h0.04170+0.993%$6.5M$12.2M75xas long as short
MEXC SAND_USDT−0.0022%8h0.04170+0.993%$11.6M$1.8M200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAND-USDTshort+0.0001%8h0.04173+1.066%$319K$291K75x
Injective SAND/USDC PERPlong+0.0033%1h0.04129long leg$757$7955.5x
OKX SAND-USDT-SWAP+0.0100%8h0.04170+0.993%$1.7M$3.2M50xas long as short
Gate SAND_USDT+0.0100%8h0.04177+1.163%$502K$578K75xas long as short
BingX SAND-USDT+0.0100%8h0.04177+1.163%—$2.4M—as long as short