SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0127%/8h= +14.0% APRnext payment +$1.27 per $10,000 · paid last 24h +0.045%

Price spread now: OKX against Binance−0.020%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.020%, 7d avg +0.016%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.016%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.091% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SANDUSDT	0.04180	−0.0226	get 0.0226% / 8h	3h 10m	$6.7M	$12.5M	75x
Short	OKX SAND-USDT-SWAP	0.04179	−0.0099	pay 0.0099% / 8h	3h 10m	$1.7M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $26.76
Price spread: −0.020% → +0.016%: −$3.58
Slippage, 4 orders: −$39.6
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.42
Costs to cover: 0.596%
Break-even: 16.5 days

Slippage from Binance: live order book, 14 min ago; OKX: live order book, 1 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	1.19 bp	12.3 bp −$12	24.0 bp −$240	314.0 bp −$31.4K	doesn't fit
Sell OKX live order book, 1 min ago	2.39 bp	16.1 bp −$16	58.3 bp −$583	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
Kraken Futures PF_SANDUSD	−0.1121%	1h	0.04185	+0.127%	$157K	$105K	25x	as long as short
Hyperliquid SAND	−0.0470%	1h	0.04177	−0.056%	$576K	$325K	5x	as long as short
Variational Omni SAND	−0.0356%	8h	0.04181	+0.021%	$114K	$4K	—	as long as short
Aster SANDUSDT	−0.0322%	8h	0.04186	+0.149%	$14K	$16K	10x	as long as short
BloFin SAND-USDT	−0.0227%	8h	0.04178	−0.044%	$328K	$202K	75x	as long as short
Binance SANDUSDTlong	−0.0226%	8h	0.04180	long leg	$6.7M	$12.5M	75x
Bitget SANDUSDT	−0.0226%	8h	0.04185	+0.123%	$1.7M	$548K	10x	as long as short
Extended SAND-USD	−0.0224%	1h	0.04179	−0.026%	$6K	$233K	10x	as long as short
MEXC SAND_USDT	−0.0224%	8h	0.04179	−0.020%	$11.5M	$2.0M	200x	as long as short
KuCoin SANDUSDTM	−0.0149%	8h	0.04174	−0.140%	$2.6M	$350K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAPshort	−0.0099%	8h	0.04179	−0.020%	$1.7M	$3.1M	50x
BingX SAND-USDT	−0.0013%	8h	0.04180	+0.004%	—	$2.4M	—	as long as short
Bybit SANDUSDT	−0.0013%	8h	0.04180	+0.004%	$3.5M	$3.6M	75x	as long as short
Gate SAND_USDT	+0.0027%	8h	0.04182	+0.052%	$472K	$653K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.216%	$757	$795	5.5x	as long as short