SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.98 per $10,000 · paid last 24h −0.033%

Price spread now: MEXC against BingX−0.024%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.024%, 7d avg −0.002%

Together, before fees−0.137%−$14 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 MEXC is 0.022% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.002%). 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 42m	—	$2.4M	—
Short	MEXC SAND_USDT	0.04181	0.0002	get 0.0002% / 8h	1h 42m	$11.7M	$1.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$20.58
Price spread: −0.024% → −0.002%: −$2.16
Slippage, 4 orders: −$27.74
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$64.48
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 5 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	3.60 bp	13.6 bp −$14	21.8 bp −$218	155.2 bp −$15.5K	724.6 bp −$362.3K
Sell MEXC live order book, 5 min ago	1.20 bp	5.2 bp −$5	14.5 bp −$145	78.1 bp −$7,811	141.7 bp −$70.8K

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
Hyperliquid SAND	−0.0368%	1h	0.04176	−0.148%	$574K	$445K	5x	as long as short
Variational Omni SAND	−0.0179%	8h	0.04165	−0.404%	$114K	$4K	—	as long as short
Aster SANDUSDT	−0.0088%	8h	0.04182	−0.005%	$14K	$18K	10x	as long as short
Kraken Futures PF_SANDUSD	−0.0079%	1h	0.04179	−0.063%	$156K	$98K	25x	as long as short
Bitget SANDUSDT	−0.0045%	8h	0.04177	−0.120%	$1.7M	$545K	10x	as long as short
KuCoin SANDUSDTM	−0.0043%	8h	0.04178	−0.096%	$2.6M	$366K	50x	as long as short
BloFin SAND-USDT	−0.0010%	8h	0.04177	−0.120%	$323K	$293K	75x	as long as short
MEXC SAND_USDTshort	+0.0002%	8h	0.04181	−0.024%	$11.7M	$1.7M	200x
Binance SANDUSDT	+0.0005%	8h	0.04181	−0.024%	$6.6M	$12.3M	75x	as long as short
Extended SAND-USD	+0.0008%	1h	0.04178	−0.090%	$3K	$194K	10x	as long as short

Show 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	0.04181	−0.024%	$3.4M	$3.2M	75x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04180	−0.048%	$1.8M	$3.3M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04185	+0.072%	$466K	$568K	75x	as long as short
BingX SAND-USDTlong	+0.0100%	8h	0.04182	long leg	—	$2.4M	—