Funding you earn now, next payment 00:00 UTC+0.0112%/8h= +12.3% APRnext payment +$1.12 per $10,000 · paid last 24h +0.033%
Price spread now: BingX against Binance−0.005%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.005%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SANDUSDT | 0.04176 | −0.0012 | get 0.0012% / 8h | 1h 23m | $6.6M | $12.4M | 75x |
| Short | BingX SAND-USDT | 0.04176 | 0.0100 | get 0.0100% / 8h | 1h 23m | — | $2.4M | — |
Binance SANDUSDT
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $23.51
- Price spread: −0.005% → +0.001%
- −$0.62
- Slippage, 4 orders
- −$33.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$30.17
- Costs to cover
- 0.531%
- Break-even
- 16.0 days
Slippage from Binance: live order book, 2 min ago; BingX: live order book, 11 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 Binance live order book, 2 min ago | 1.20 bp | 11.5 bp −$11 | 21.3 bp −$213 | 259.1 bp −$25.9K | doesn't fit |
| Sell BingX live order book, 11 min ago | 3.60 bp | 13.5 bp −$14 | 27.7 bp −$277 | 157.7 bp −$15.8K | 845.3 bp −$422.7K |
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 | −0.0335% | 1h | 0.04173 | −0.072% | $574K | $446K | 5x | as long as short |
| Variational Omni SAND | −0.0206% | 8h | 0.04170 | −0.150% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0111% | 8h | 0.04177 | +0.011% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0079% | 1h | 0.04182 | +0.127% | $154K | $99K | 25x | as long as short |
| Bitget SANDUSDT | −0.0050% | 8h | 0.04172 | −0.101% | $1.7M | $541K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0047% | 8h | 0.04173 | −0.077% | $2.5M | $373K | 50x | as long as short |
| BloFin SAND-USDT | −0.0033% | 8h | 0.04175 | −0.029% | $323K | $293K | 75x | as long as short |
| MEXC SAND_USDT | −0.0013% | 8h | 0.04176 | −0.005% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDTlong | −0.0012% | 8h | 0.04176 | long leg | $6.6M | $12.4M | 75x | |
| Extended SAND-USD | −0.0008% | 1h | 0.04175 | −0.024% | $3K | $194K | 10x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
MEXC SAND_USDT
Extended SAND-USDShow 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 | −1.131% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04175 | −0.029% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04175 | −0.029% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04178 | +0.043% | $464K | $570K | 75x | as long as short |
| BingX SAND-USDTshort | +0.0100% | 8h | 0.04176 | −0.005% | — | $2.4M | — |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT