SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.009%

Price spread now: Bitget against Binance−0.025%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.683% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.025%, 7d avg −0.058%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.034% dearer against Binance than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.058%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.146%, 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	Binance SANDUSDT	0.04170	−0.0009	get 0.0009% / 8h	11m 31s	$6.5M	$12.5M	75x
Short	Bitget SANDUSDT	0.04169	−0.0043	pay 0.0043% / 8h	11m 31s	$1.7M	$542K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$7.2
Price spread: −0.025% → −0.058%: $3.36
Slippage, 4 orders: −$46.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.18
Costs to cover: 0.683%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 5 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, 14 min ago	1.20 bp	11.8 bp −$12	21.5 bp −$215	246.3 bp −$24.6K	doesn't fit
Sell Bitget live order book, 5 min ago	2.40 bp	23.0 bp −$23	45.1 bp −$451	doesn't fit	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
Variational Omni SAND	−0.0241%	8h	0.04175	+0.117%	$114K	$5K	—	as long as short
Kraken Futures PF_SANDUSD	−0.0140%	1h	0.04170	0.000%	$153K	$106K	25x	as long as short
Aster SANDUSDT	−0.0113%	8h	0.04176	+0.152%	$14K	$18K	10x	as long as short
Hyperliquid SAND	−0.0054%	1h	0.04165	−0.125%	$574K	$451K	5x	as long as short
Bitget SANDUSDTshort	−0.0043%	8h	0.04169	−0.025%	$1.7M	$542K	10x
KuCoin SANDUSDTM	−0.0033%	8h	0.04168	−0.049%	$2.6M	$381K	50x	as long as short
Binance SANDUSDTlong	−0.0009%	8h	0.04170	long leg	$6.5M	$12.5M	75x
Extended SAND-USD	−0.0008%	1h	0.04169	−0.016%	$3K	$195K	10x	as long as short
MEXC SAND_USDT	−0.0006%	8h	0.04170	−0.001%	$11.7M	$1.7M	200x	as long as short
BloFin SAND-USDT	+0.0004%	8h	0.04169	−0.025%	$322K	$292K	75x	as long as short

Show 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	−0.984%	$757	$795	5.5x	as long as short
Bybit SANDUSDT	+0.0065%	8h	0.04169	−0.025%	$3.3M	$3.4M	75x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04170	−0.001%	$1.8M	$3.4M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04178	+0.191%	$474K	$559K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04171	+0.023%	—	$2.4M	—	as long as short