Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.046%
Price spread now: BloFin against Bitget+0.048%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$840.835% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.048%, 7d avg +0.059%
=The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SANDUSDT | 0.04171 | −0.0045 | get 0.0045% / 8h | 8m 42s | $1.7M | $545K | 10x |
| Short | BloFin SAND-USDT | 0.04173 | −0.0006 | pay 0.0006% / 8h | 8m 42s | $322K | $292K | 75x |
Bitget SANDUSDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $8.25
- Price spread: +0.048% → +0.059%
- −$1.09
- Slippage, 4 orders
- −$59.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.38
- Costs to cover
- 0.835%
- Break-even
- 71.8 days
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 1 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 Bitget live order book, 3 min ago | 2.40 bp | 20.4 bp −$20 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 2.40 bp | 15.6 bp −$16 | 23.5 bp −$235 | 86.7 bp −$8,668 | 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 | −0.0239% | 8h | 0.04168 | −0.062% | $114K | $5K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04178 | +0.156% | $154K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0114% | 8h | 0.04181 | +0.241% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | −0.0086% | 1h | 0.04170 | −0.014% | $575K | $450K | 5x | as long as short |
| Bitget SANDUSDTlong | −0.0045% | 8h | 0.04171 | long leg | $1.7M | $545K | 10x | |
| KuCoin SANDUSDTM | −0.0043% | 8h | 0.04168 | −0.072% | $2.6M | $380K | 50x | as long as short |
| Binance SANDUSDT | −0.0012% | 8h | 0.04174 | +0.072% | $6.6M | $12.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0010% | 8h | 0.04174 | +0.072% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0008% | 1h | 0.04173 | +0.053% | $3K | $195K | 10x | as long as short |
| BloFin SAND-USDTshort | −0.0006% | 8h | 0.04173 | +0.048% | $322K | $292K | 75x |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTM
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USDShow 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 | −1.007% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0067% | 8h | 0.04174 | +0.072% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04176 | +0.120% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04177 | +0.144% | $474K | $559K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04175 | +0.096% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT