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Funding arb · Price arb /

SAND

all SAND markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.012%
Price spread now: Binance against Bitget−0.048%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Long on BitgetShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.126%−$13 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.048%, 7d avg +0.058%
Together, before fees−0.068%−$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.106% cheaper against Bitget than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.058%). If the spread goes back, that is −$11 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SANDUSDT0.04162−0.0042get 0.0042% / 8h7h 43m$1.7M$581K10x
ShortBinance SANDUSDT0.04160−0.0017pay 0.0017% / 8h7h 43m$6.5M$12.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Funding earned
$5.26
Price spread: −0.048% → +0.058%
−$10.6
Slippage, 4 orders
−$49.78
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$77.12
Costs to cover
0.718%
Break-even
109.7 days
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.41 bp26.1 bp −$2637.1 bp −$371doesn't fitdoesn't fit
Sell Binance live order book, 11 min ago1.20 bp14.2 bp −$1432.6 bp −$326254.9 bp −$25.5Kdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SANDUSD−0.0765%1h0.04165+0.072%$155K$119K25xas long as short
Variational Omni SAND−0.0245%8h0.04155−0.172%$113K$5K—as long as short
Aster SANDUSDT−0.0127%8h0.04160−0.049%$13K$17K10xas long as short
Bitget SANDUSDTlong−0.0042%8h0.04162long leg$1.7M$581K10x
KuCoin SANDUSDTM−0.0032%8h0.04158−0.096%$2.5M$372K50xas long as short
BloFin SAND-USDT−0.0031%8h0.04165+0.072%$319K$291K75xas long as short
MEXC SAND_USDT−0.0018%8h0.04156−0.144%$11.6M$1.8M200xas long as short
Binance SANDUSDTshort−0.0017%8h0.04160−0.048%$6.5M$12.2M75x
Extended SAND-USD−0.0016%1h0.04156−0.144%$5K$198K10xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−0.793%$757$7955.5xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SANDUSDT+0.0082%8h0.04159−0.072%$3.4M$3.4M75xas long as short
Hyperliquid SAND+0.0092%1h0.04154−0.192%$571K$454K5xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04160−0.048%$1.7M$3.2M50xas long as short
Gate SAND_USDT+0.0100%8h0.041620.000%$492K$568K75xas long as short
BingX SAND-USDT+0.0100%8h0.04157−0.120%—$2.4M—as long as short