Funding you earn now, next payment 11:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h +0.012%
Price spread now: Injective against Kraken Futures−0.849%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 0.849% cheaper against Kraken Futures than usual: you would sell low and buy high (−$85 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 | 0.04164 | 0.0152 | pay 0.0019% / 1h | 6m 54s | $156K | $108K | 25x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 6m 54s | $757 | $795 | 5.5x |
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$24.83
- Price spread: −0.849% → 0.000%
- −$84.86
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$119.71
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 39 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 39 min ago | 8.33 bp | 44.2 bp −$44 | 106.3 bp −$1,063 | doesn't fit | doesn'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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0683% | 8h | 0.04154 | −0.250% | $114K | $665 | — | as long as short |
| Aster SANDUSDT | −0.0603% | 8h | 0.04165 | +0.006% | $14K | $17K | 10x | as long as short |
| Extended SAND-USD | −0.0552% | 1h | 0.04159 | −0.136% | $5K | $221K | 10x | as long as short |
| MEXC SAND_USDT | −0.0551% | 8h | 0.04158 | −0.152% | $10.7M | $1.8M | 200x | as long as short |
| Binance SANDUSDT | −0.0548% | 8h | 0.04160 | −0.104% | $6.9M | $13.5M | 75x | as long as short |
| BloFin SAND-USDT | −0.0548% | 8h | 0.04163 | −0.032% | $338K | $149K | 75x | as long as short |
| Bitget SANDUSDT | −0.0396% | 8h | 0.04155 | −0.224% | $1.7M | $506K | 10x | as long as short |
| Gate SAND_USDT | −0.0380% | 8h | 0.04163 | −0.032% | $497K | $543K | 75x | as long as short |
| OKX SAND-USDT-SWAP | −0.0371% | 8h | 0.04159 | −0.128% | $1.6M | $3.1M | 50x | as long as short |
| KuCoin SANDUSDTM | −0.0326% | 8h | 0.04155 | −0.224% | $2.6M | $407K | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
Gate SAND_USDT
OKX SAND-USDT-SWAP
KuCoin SANDUSDTMShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0308% | 8h | 0.04160 | −0.104% | $3.6M | $4.0M | 75x | as long as short |
| BingX SAND-USDT | −0.0217% | 8h | 0.04158 | −0.152% | — | $2.4M | — | as long as short |
| Hyperliquid SAND | −0.0055% | 1h | 0.04156 | −0.195% | $572K | $258K | 5x | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | −0.849% | $757 | $795 | 5.5x | |
| Kraken Futures PF_SANDUSDlong | +0.0152% | 1h | 0.04164 | long leg | $156K | $108K | 25x |
Bybit SANDUSDT
BingX SAND-USDT
Hyperliquid SAND