Funding you earn now, next payment 08:00 UTC+0.0283%/8h= +31.0% APRnext payment +$2.83 per $10,000 · paid last 24h +0.025%
Price spread now: Gate against Binance+0.004%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$900.901% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.004%, 7d avg +0.032%
=Funding pays, the price is against you. Gate is 0.028% cheaper against Binance than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.077% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SANDUSDT | 0.04167 | −0.0252 | get 0.0252% / 8h | 2h 43m | $6.7M | $12.6M | 75x |
| Short | Gate SAND_USDT | 0.04167 | 0.0031 | get 0.0031% / 8h | 2h 43m | $468K | $649K | 75x |
Binance SANDUSDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $59.4
- Price spread: +0.004% → +0.032%
- −$2.77
- Slippage, 4 orders
- −$65.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$33.51
- Costs to cover
- 0.901%
- Break-even
- 10.9 days
Slippage from Binance: live order book, 12 min ago; Gate: live order book, 3 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, 12 min ago | 1.19 bp | 13.7 bp −$14 | 23.2 bp −$232 | 313.2 bp −$31.3K | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.58 bp | 30.6 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0597% | 1h | 0.04165 | −0.032% | $576K | $324K | 5x | as long as short |
| Variational Omni SAND | −0.0370% | 8h | 0.04191 | +0.586% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0343% | 8h | 0.04174 | +0.181% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0273% | 8h | 0.04165 | −0.044% | $328K | $142K | 75x | as long as short |
| Binance SANDUSDTlong | −0.0252% | 8h | 0.04167 | long leg | $6.7M | $12.6M | 75x | |
| MEXC SAND_USDT | −0.0249% | 8h | 0.04168 | +0.028% | $11.4M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0248% | 1h | 0.04166 | −0.015% | $3K | $225K | 10x | as long as short |
| Bitget SANDUSDT | −0.0246% | 8h | 0.04166 | −0.020% | $1.7M | $555K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0156% | 8h | 0.04175 | +0.196% | $2.6M | $353K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0156% | 8h | 0.04165 | −0.044% | $1.7M | $3.1M | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0037% | 8h | 0.04165 | −0.044% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0014% | 8h | 0.04164 | −0.068% | — | $2.4M | — | as long as short |
| Gate SAND_USDTshort | +0.0031% | 8h | 0.04167 | +0.004% | $468K | $649K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.908% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04176 | +0.224% | $156K | $103K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD