Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.04197spotno funding——$2.8M1xBuy Binance Spot
SHORT0.04191−0.0350pay 0.0350% / 8h7h 44m$7.5M$23.2M75xShort Binance
Price gap−0.139%
Funding gap−0.0350% /8h

Both sides work against this pair now: funding costs $10 a day on $10k and the gap is 0.036% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$47−0.0350% /8h now · paid −0.475% over the last 7D
Price−$4spread −0.139% now, avg −0.102% → −0.036% if it goes back
Costs−$730.729% of $10k · taker + slippage, in and out
Result−$124−1.24%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.139%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SAND on 14 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size22.5 / 13.7 bp
    At $10k entering Binance Spot costs 22.5 bp, fee and slippage, 1.6× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Binance settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$10.49Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, −$10.49.
  • Watch: Gap narrower than usual−0.139% vs −0.102%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$7.5M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0226%/8h × 21 periods−$47.48
Price spread−0.139% → −0.102% (7d avg)−$3.64
Slippage, 4 orderslive order books−$42.90
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$124.01
Costs to cover0.729%Break-evennever at this rate
Slippage: Binance Spot: live order book, 1 min ago; Binance: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot2.3822.5 bp−$231016.9 bp−$10.2Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.4313.7 bp−$1427.4 bp−$274210.1 bp−$21.0Kdoesn’t fit

Closing costs about the same again.

Alert

SAND news

posts that mention SAND, from every exchange
10-09 03:29PhemexListingPerp New Listing: $SAND | @thesandboxgame 🔹 Trading Pair: $SAND/USDT 🔹 Trading Starts: 🔹 Supports 1 – 50x Leverage @Phemex_official on X ↗