Funding you earn now, next payment 04:00 UTC+0.0474%/8h= +51.9% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against BingX−0.142%53s7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as 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−$1071.066% of the position
Funding, last 7 days−0.485%−$49 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.142%, 7d avg +0.096%
=Funding pays, the price is against you. Kraken Futures is 0.237% cheaper against BingX than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.096%). If the spread goes back, that is −$24 on $10k: about 40 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.485%, so the current rate has only just turned in your favour. The two prices were read 53 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 | 0.04117 | 0.0029 | pay 0.0029% / 8h | 4h 47m | — | $2.4M | — |
| Short | Kraken Futures PF_SANDUSD | 0.04111 | 0.0503 | get 0.0063% / 1h | 47m 19s | $154K | $106K | 25x |
BingX SAND-USDT
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $99.53
- Price spread: −0.142% → +0.096%
- −$23.73
- Slippage, 4 orders
- −$86.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$30.83
- Costs to cover
- 1.066%
- Break-even
- 9.2 days
Slippage from BingX: live order book, 2 min ago; Kraken Futures: live order book, 10 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 | 4.86 bp | 16.7 bp −$17 | 25.6 bp −$256 | 233.3 bp −$23.3K | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 16.93 bp | 34.5 bp −$34 | 73.3 bp −$733 | 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 | −0.0371% | 8h | 0.04122 | +0.128% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0278% | 8h | 0.04117 | −0.010% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0197% | 8h | 0.04120 | +0.073% | $462K | $626K | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04116 | −0.027% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0166% | 8h | 0.04119 | +0.053% | $6.5M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0165% | 8h | 0.04121 | +0.097% | $11.4M | $1.8M | 200x | as long as short |
| BloFin SAND-USDT | −0.0140% | 8h | 0.04111 | −0.146% | $321K | $215K | 75x | as long as short |
| Bitget SANDUSDT | −0.0103% | 8h | 0.04115 | −0.049% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0096% | 8h | 0.04113 | −0.097% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0044% | 8h | 0.04119 | +0.049% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Gate SAND_USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0021% | 8h | 0.04117 | 0.000% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDTlong | +0.0029% | 8h | 0.04117 | long leg | — | $2.4M | — | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | +0.291% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04116 | −0.027% | $567K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSDshort | +0.0503% | 1h | 0.04111 | −0.142% | $154K | $106K | 25x |
OKX SAND-USDT-SWAP
Injective SAND/USDC PERP
Hyperliquid SAND