Funding you earn now, next payment 00:00 UTC−0.0127%/8h= −13.9% APRnext payment −$1.27 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against BingX−0.096%51s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.579% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.096%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.089% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04172 | 0.0100 | pay 0.0100% / 8h | 6m 20s | — | $2.4M | — |
| Short | BloFin SAND-USDT | 0.04168 | −0.0027 | pay 0.0027% / 8h | 6m 20s | $321K | $292K | 75x |
BingX SAND-USDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$26.58
- Price spread: −0.096% → −0.007%
- −$8.93
- Slippage, 4 orders
- −$35.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.42
- Costs to cover
- 0.579%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; BloFin: 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 BingX live order book, 2 min ago | 3.59 bp | 13.1 bp −$13 | 23.1 bp −$231 | 186.0 bp −$18.6K | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.40 bp | 15.6 bp −$16 | 23.5 bp −$235 | 86.7 bp −$8,668 | 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 | −0.0243% | 8h | 0.04166 | −0.145% | $114K | $5K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04169 | −0.060% | $153K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0120% | 8h | 0.04173 | +0.030% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | −0.0105% | 1h | 0.04163 | −0.206% | $574K | $450K | 5x | as long as short |
| KuCoin SANDUSDTM | −0.0049% | 8h | 0.04162 | −0.240% | $2.5M | $380K | 50x | as long as short |
| Bitget SANDUSDT | −0.0047% | 8h | 0.04166 | −0.144% | $1.7M | $545K | 10x | as long as short |
| BloFin SAND-USDTshort | −0.0027% | 8h | 0.04168 | −0.096% | $321K | $292K | 75x | |
| Binance SANDUSDT | −0.0016% | 8h | 0.04168 | −0.096% | $6.6M | $12.5M | 75x | as long as short |
| Extended SAND-USD | −0.0016% | 1h | 0.04167 | −0.114% | $3K | $195K | 10x | as long as short |
| MEXC SAND_USDT | −0.0011% | 8h | 0.04168 | −0.096% | $11.7M | $1.7M | 200x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTM
Bitget SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC 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 | −1.031% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0065% | 8h | 0.04168 | −0.096% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04169 | −0.072% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04176 | +0.096% | $473K | $559K | 75x | as long as short |
| BingX SAND-USDTlong | +0.0100% | 8h | 0.04172 | long leg | — | $2.4M | — |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT