Funding you earn now, next payment 07:00 UTC−0.0249%/8h= −27.3% APRnext payment −$0.31 per $10,000 · paid last 24h −0.087%
Price spread now: Kraken Futures against Injective+1.415%63s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 1.415% dearer against Injective than usual: you sell high and buy low (spread +1.415% now, against zero (this spread has no 7-day history yet)): +$142 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 days. The two prices were read 63 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 | Injective SAND/USDC PERP | 0.04129 | 0.0033 | pay 0.0004% / 1h | 29m 56s | $757 | $795 | 5.5x |
| Short | Kraken Futures PF_SANDUSD | 0.04187 | −0.0216 | pay 0.0027% / 1h | 29m 56s | $159K | $109K | 25x |
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- −$52.38
- Price spread: +1.415% → 0.000%
- $141.51
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $79.11
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 12 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 12 min ago | 7.17 bp | 26.9 bp −$27 | 64.8 bp −$648 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0413% | 8h | 0.04186 | +1.378% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0368% | 8h | 0.04181 | +1.266% | $114K | $4K | — | as long as short |
| BloFin SAND-USDT | −0.0343% | 8h | 0.04179 | +1.211% | $330K | $139K | 75x | as long as short |
| Binance SANDUSDT | −0.0321% | 8h | 0.04179 | +1.221% | $6.8M | $13.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0321% | 8h | 0.04179 | +1.211% | $11.2M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0320% | 1h | 0.04178 | +1.180% | $3K | $192K | 10x | as long as short |
| Bitget SANDUSDT | −0.0233% | 8h | 0.04178 | +1.187% | $1.7M | $552K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0227% | 8h | 0.04179 | +1.211% | $2.6M | $387K | 50x | as long as short |
| Kraken Futures PF_SANDUSDshort | −0.0216% | 1h | 0.04187 | +1.415% | $159K | $109K | 25x | |
| OKX SAND-USDT-SWAP | −0.0202% | 8h | 0.04180 | +1.235% | $1.7M | $3.2M | 50x | as long as short |
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0051% | 8h | 0.04181 | +1.259% | $3.5M | $3.9M | 75x | as long as short |
| BingX SAND-USDT | −0.0034% | 8h | 0.04178 | +1.187% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0019% | 8h | 0.04181 | +1.259% | $481K | $667K | 75x | as long as short |
| Hyperliquid SAND | −0.0017% | 1h | 0.04177 | +1.160% | $579K | $327K | 5x | as long as short |
| Injective SAND/USDC PERPlong | +0.0033% | 1h | 0.04129 | long leg | $757 | $795 | 5.5x |
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Hyperliquid SAND