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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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Funding you earn now, next payment 08:00 UTC+0.0106%/8h= +11.6% APRnext payment +$1.06 per $10,000 · paid last 24h −0.018%
Price spread now: MEXC against Aster−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on AsterShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. MEXC is 0.027% cheaper against Aster than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SANDUSDT0.04171−0.0135get 0.0135% / 8h7h 18m$14K$17K10x
ShortMEXC SAND_USDT0.04170−0.0029pay 0.0029% / 8h7h 18m$11.6M$1.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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
$22.33
Price spread: −0.027% → 0.000%
−$2.73
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
$7.6
Costs to cover
0.120%
Break-even
4.6 days
Slippage unknown: Aster: no order-book sample; MEXC: live order book, 5 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 Aster no order-book sample—————
Sell MEXC live order book, 5 min ago1.20 bp8.4 bp −$818.8 bp −$18878.7 bp −$7,865124.2 bp −$62.1K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SANDUSD−0.0761%1h0.04188+0.411%$155K$118K25xas long as short
Bybit SANDUSDT−0.0369%8h0.04175+0.093%$3.4M$3.4M75xas long as short
Variational Omni SAND−0.0283%8h0.04174+0.076%$114K$5K—as long as short
Hyperliquid SAND−0.0199%1h0.04169−0.058%$575K$454K5xas long as short
Aster SANDUSDTlong−0.0135%8h0.04171long leg$14K$17K10x
KuCoin SANDUSDTM−0.0049%8h0.04176+0.117%$2.6M$373K50xas long as short
Bitget SANDUSDT−0.0049%8h0.04170−0.027%$1.7M$573K10xas long as short
Extended SAND-USD−0.0032%1h0.04177+0.139%$3K$174K10xas long as short
Binance SANDUSDT−0.0030%8h0.04177+0.140%$6.5M$12.2M75xas long as short
MEXC SAND_USDTshort−0.0029%8h0.04170−0.027%$11.6M$1.8M200x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SAND-USDT−0.0013%8h0.04174+0.069%$319K$291K75xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−1.010%$757$7955.5xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04178+0.164%$1.7M$3.2M50xas long as short
Gate SAND_USDT+0.0100%8h0.04179+0.188%$502K$583K75xas long as short
BingX SAND-USDT+0.0100%8h0.04171−0.003%—$2.4M—as long as short