SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$1.15 per $10,000 · paid last 24h −0.016%

Price spread now: Bybit against BingX−0.143%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+0.138%+$14 · spread now −0.143%, 7d avg −0.017%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.126% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAND-USDT	0.04198	0.0086	pay 0.0086% / 8h	5h 18m	—	$2.4M	—
Short	Bybit SANDUSDT	0.04192	−0.0029	pay 0.0029% / 8h	5h 18m	$3.4M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$24.21
Price spread: −0.143% → −0.017%: −$12.58
Slippage, 4 orders: −$43.75
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$101.54
Costs to cover: 0.648%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 4 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, 6 min ago	3.59 bp	15.9 bp −$16	25.3 bp −$253	227.1 bp −$22.7K	doesn't fit
Sell Bybit live order book, 4 min ago	1.19 bp	16.3 bp −$16	68.3 bp −$683	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	−0.0346%	8h	0.04193	−0.114%	$115K	$4K	—	as long as short
Hyperliquid SAND	−0.0231%	1h	0.04187	−0.264%	$579K	$337K	5x	as long as short
Aster SANDUSDT	−0.0156%	8h	0.04197	−0.019%	$14K	$16K	10x	as long as short
Bitget SANDUSDT	−0.0065%	8h	0.04186	−0.286%	$1.7M	$548K	10x	as long as short
Extended SAND-USD	−0.0056%	1h	0.04193	−0.130%	$7K	$173K	10x	as long as short
Binance SANDUSDT	−0.0056%	8h	0.04192	−0.131%	$6.5M	$11.8M	75x	as long as short
MEXC SAND_USDT	−0.0054%	8h	0.04194	−0.095%	$11.6M	$1.7M	200x	as long as short
Bybit SANDUSDTshort	−0.0029%	8h	0.04192	−0.143%	$3.4M	$3.4M	75x
BloFin SAND-USDT	−0.0029%	8h	0.04190	−0.191%	$319K	$226K	75x	as long as short
Gate SAND_USDT	−0.0013%	8h	0.04198	0.000%	$463K	$626K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SANDUSDTM	−0.0010%	8h	0.04191	−0.167%	$2.6M	$371K	50x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.644%	$757	$795	5.5x	as long as short
OKX SAND-USDT-SWAP	+0.0083%	8h	0.04191	−0.167%	$1.7M	$3.1M	50x	as long as short
BingX SAND-USDTlong	+0.0086%	8h	0.04198	long leg	—	$2.4M	—
Kraken Futures PF_SANDUSD	+0.0238%	1h	0.04199	+0.025%	$156K	$106K	25x	as long as short