Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.97 per $10,000 · paid last 24h +0.029%
Price spread now: Bybit against Binance−0.096%7-day average −0.016% · 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−$70as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.096%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.080% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, 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 | 0.04150 | −0.0040 | get 0.0040% / 8h | 6h 08m | $6.4M | $12.1M | 75x |
| Short | Bybit SANDUSDT | 0.04146 | −0.0137 | pay 0.0137% / 8h | 6h 08m | $3.4M | $3.4M | 75x |
Binance SANDUSDT
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$20.3
- Price spread: −0.096% → −0.016%
- −$8.04
- Slippage, 4 orders
- −$40.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$90.07
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 4 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, 1 min ago | 1.21 bp | 15.0 bp −$15 | 26.5 bp −$265 | 281.9 bp −$28.2K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.41 bp | 15.9 bp −$16 | 37.8 bp −$378 | doesn't fit | doesn't fit |
SAND on 14 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 | −0.0340% | 8h | 0.04155 | +0.127% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0152% | 8h | 0.04156 | +0.135% | $14K | $17K | 10x | as long as short |
| Bybit SANDUSDTshort | −0.0137% | 8h | 0.04146 | −0.096% | $3.4M | $3.4M | 75x | |
| Binance SANDUSDTlong | −0.0040% | 8h | 0.04150 | long leg | $6.4M | $12.1M | 75x | |
| Extended SAND-USD | −0.0040% | 1h | 0.04146 | −0.097% | $3K | $176K | 10x | as long as short |
| MEXC SAND_USDT | −0.0036% | 8h | 0.04148 | −0.048% | $11.5M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0015% | 8h | 0.04144 | −0.145% | $1.7M | $563K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0012% | 8h | 0.04146 | −0.096% | $2.5M | $376K | 50x | as long as short |
| Hyperliquid SAND | +0.0015% | 1h | 0.04142 | −0.202% | $572K | $353K | 5x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.506% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Hyperliquid SAND
Injective SAND/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04149 | −0.024% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04148 | −0.048% | $458K | $625K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04147 | −0.072% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0431% | 1h | 0.04156 | +0.148% | $154K | $112K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD