Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.041%
Price spread now: Aster against Kraken Futures−0.165%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.165% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04174 | −0.0080 | get 0.0010% / 1h | 13m 33s | $154K | $100K | 25x |
| Short | Aster SANDUSDT | 0.04167 | −0.0107 | pay 0.0107% / 8h | 1h 13m | $14K | $18K | 10x |
Kraken Futures PF_SANDUSD
Aster SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- −$5.7
- Price spread: −0.165% → 0.000%
- −$16.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$40.19
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; Aster: 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 Kraken Futures live order book, 4 min ago | 8.41 bp | 48.9 bp −$49 | 91.3 bp −$913 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0238% | 1h | 0.04163 | −0.262% | $573K | $447K | 5x | as long as short |
| Variational Omni SAND | −0.0207% | 8h | 0.04160 | −0.327% | $113K | $4K | — | as long as short |
| Aster SANDUSDTshort | −0.0107% | 8h | 0.04167 | −0.165% | $14K | $18K | 10x | |
| Kraken Futures PF_SANDUSDlong | −0.0080% | 1h | 0.04174 | long leg | $154K | $100K | 25x | |
| Bitget SANDUSDT | −0.0045% | 8h | 0.04161 | −0.303% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0041% | 8h | 0.04160 | −0.327% | $2.5M | $382K | 50x | as long as short |
| BloFin SAND-USDT | −0.0026% | 8h | 0.04168 | −0.135% | $322K | $292K | 75x | as long as short |
| MEXC SAND_USDT | −0.0002% | 8h | 0.04166 | −0.183% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | 0.0000% | 1h | 0.04166 | −0.195% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | +0.0001% | 8h | 0.04166 | −0.183% | $6.5M | $12.4M | 75x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
MEXC SAND_USDT
Extended SAND-USD
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.069% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04164 | −0.231% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04166 | −0.183% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04168 | −0.135% | $463K | $570K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04165 | −0.207% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT