Funding you earn now, next payment 06:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h +0.019%
Price spread now: BloFin against Kraken Futures−0.187%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days+0.502%+$50 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.187%, 7d avg −0.106%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BloFin is 0.081% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.106%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.502%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04236 | 0.0110 | pay 0.0014% / 1h | 5m 22s | $160K | $104K | 25x |
| Short | BloFin SAND-USDT | 0.04228 | −0.0269 | pay 0.0269% / 8h | 2h 05m | $327K | $140K | 75x |
Kraken Futures PF_SANDUSD
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$79.68
- Price spread: −0.187% → −0.106%
- −$8.1
- Slippage, 4 orders
- −$101.37
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$211.16
- Costs to cover
- 1.234%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 42 min ago; BloFin: live order book, 20 min ago.
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, 42 min ago | 14.29 bp | 55.6 bp −$56 | 119.4 bp −$1,194 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 1.20 bp | 22.5 bp −$23 | 30.2 bp −$302 | 94.6 bp −$9,461 | doesn't fit |
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 | −0.0498% | 1h | 0.04225 | −0.258% | $586K | $328K | 5x | as long as short |
| Aster SANDUSDT | −0.0362% | 8h | 0.04228 | −0.182% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0356% | 8h | 0.04219 | −0.405% | $115K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0274% | 8h | 0.04229 | −0.166% | $6.8M | $12.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0273% | 8h | 0.04230 | −0.140% | $11.4M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0272% | 1h | 0.04226 | −0.231% | $3K | $223K | 10x | as long as short |
| BloFin SAND-USDTshort | −0.0269% | 8h | 0.04228 | −0.187% | $327K | $140K | 75x | |
| Bitget SANDUSDT | −0.0237% | 8h | 0.04225 | −0.258% | $1.7M | $547K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0180% | 8h | 0.04223 | −0.305% | $2.6M | $363K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0162% | 8h | 0.04226 | −0.234% | $1.7M | $3.2M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
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 | −0.0036% | 8h | 0.04230 | −0.140% | $3.5M | $3.7M | 75x | as long as short |
| BingX SAND-USDT | −0.0030% | 8h | 0.04229 | −0.163% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0005% | 8h | 0.04228 | −0.187% | $486K | $672K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.524% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSDlong | +0.0110% | 1h | 0.04236 | long leg | $160K | $104K | 25x |
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP