Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BingX−0.192%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$690.692% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 7 days+0.192%+$19 · spread now −0.192%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.205% cheaper against BingX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04162 | 0.0100 | pay 0.0100% / 8h | 5h 42m | — | $2.4M | — |
| Short | OKX SAND-USDT-SWAP | 0.04154 | 0.0096 | get 0.0096% / 8h | 5h 42m | $1.7M | $3.1M | 50x |
BingX SAND-USDT
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$0.84
- Price spread: −0.192% → +0.013%
- −$20.54
- Slippage, 4 orders
- −$49.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$90.63
- Costs to cover
- 0.692%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; OKX: 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, 7 min ago | 4.82 bp | 14.5 bp −$14 | 24.7 bp −$247 | 212.9 bp −$21.3K | doesn't fit |
| Sell OKX live order book, just now | 2.40 bp | 19.5 bp −$19 | 136.5 bp −$1,365 | 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 | −0.0353% | 8h | 0.04151 | −0.270% | $113K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0186% | 1h | 0.04162 | +0.002% | $575K | $358K | 5x | as long as short |
| Aster SANDUSDT | −0.0165% | 8h | 0.04169 | +0.176% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDT | −0.0090% | 8h | 0.04165 | +0.072% | $3.4M | $3.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0057% | 8h | 0.04164 | +0.048% | $11.6M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | −0.0056% | 8h | 0.04159 | −0.063% | $6.4M | $11.9M | 75x | as long as short |
| Extended SAND-USD | −0.0056% | 1h | 0.04165 | +0.068% | $3K | $173K | 10x | as long as short |
| Bitget SANDUSDT | −0.0043% | 8h | 0.04158 | −0.096% | $1.7M | $547K | 10x | as long as short |
| BloFin SAND-USDT | −0.0036% | 8h | 0.04169 | +0.168% | $321K | $260K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0006% | 8h | 0.04159 | −0.072% | $2.5M | $374K | 50x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bybit SANDUSDT
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
Bitget SANDUSDT
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDT | −0.0001% | 8h | 0.04165 | +0.072% | $459K | $617K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.793% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAPshort | +0.0096% | 8h | 0.04154 | −0.192% | $1.7M | $3.1M | 50x | |
| BingX SAND-USDTlong | +0.0100% | 8h | 0.04162 | long leg | — | $2.4M | — | |
| Kraken Futures PF_SANDUSD | +0.0240% | 1h | 0.04172 | +0.239% | $155K | $103K | 25x | as long as short |
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD