Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.2% APRnext payment −$1.21 per $10,000 · paid last 24h −0.043%
Price spread now: Bitget against BingX−0.120%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$890.886% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now −0.120%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.061% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04182 | 0.0100 | pay 0.0100% / 8h | 1h 01m | — | $2.4M | — |
| Short | Bitget SANDUSDT | 0.04177 | −0.0021 | pay 0.0021% / 8h | 1h 01m | $1.7M | $540K | 10x |
BingX SAND-USDT
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$25.41
- Price spread: −0.120% → −0.058%
- −$6.11
- Slippage, 4 orders
- −$66.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$120.13
- Costs to cover
- 0.886%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Bitget: live order book, just now.
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 BingX live order book, 12 min ago | 4.80 bp | 18.9 bp −$19 | 28.9 bp −$289 | 168.2 bp −$16.8K | doesn't fit |
| Sell Bitget live order book, just now | 3.59 bp | 28.0 bp −$28 | 48.4 bp −$484 | 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 | −0.0189% | 8h | 0.04173 | −0.217% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0179% | 1h | 0.04177 | −0.129% | $574K | $448K | 5x | as long as short |
| Aster SANDUSDT | −0.0080% | 8h | 0.04183 | +0.020% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0079% | 1h | 0.04183 | +0.028% | $154K | $104K | 25x | as long as short |
| Bitget SANDUSDTshort | −0.0021% | 8h | 0.04177 | −0.120% | $1.7M | $540K | 10x | |
| KuCoin SANDUSDTM | −0.0018% | 8h | 0.04175 | −0.167% | $2.6M | $383K | 50x | as long as short |
| MEXC SAND_USDT | +0.0023% | 8h | 0.04182 | 0.000% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0024% | 8h | 0.04183 | +0.024% | $6.6M | $12.4M | 75x | as long as short |
| Extended SAND-USD | +0.0024% | 1h | 0.04181 | −0.020% | $3K | $194K | 10x | as long as short |
| BloFin SAND-USDT | +0.0033% | 8h | 0.04177 | −0.120% | $322K | $293K | 75x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
KuCoin SANDUSDTM
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
BloFin SAND-USDTShow 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 | −1.267% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04179 | −0.072% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04182 | 0.000% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04183 | +0.024% | $464K | $571K | 75x | as long as short |
| BingX SAND-USDTlong | +0.0100% | 8h | 0.04182 | long leg | — | $2.4M | — |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT