Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRnext payment +$1.97 per $10,000 · paid last 24h +0.037%
Price spread now: Gate against Bitget+0.095%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1081.076% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.095%, 7d avg +0.091%
=The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SANDUSDT | 0.04194 | −0.0186 | get 0.0186% / 8h | 3h 35m | $1.7M | $551K | 10x |
| Short | Gate SAND_USDT | 0.04198 | 0.0011 | get 0.0011% / 8h | 3h 35m | $475K | $645K | 75x |
Bitget SANDUSDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $41.37
- Price spread: +0.095% → +0.091%
- $0.46
- Slippage, 4 orders
- −$80.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$65.74
- Costs to cover
- 1.076%
- Break-even
- 18.1 days
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 15 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, 1 min ago | 3.58 bp | 21.0 bp −$21 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Gate live order book, 15 min ago | 3.57 bp | 26.6 bp −$27 | 208.1 bp −$2,081 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.1116% | 1h | 0.04201 | +0.175% | $157K | $107K | 25x | as long as short |
| Hyperliquid SAND | −0.0567% | 1h | 0.04194 | 0.000% | $578K | $326K | 5x | as long as short |
| Variational Omni SAND | −0.0369% | 8h | 0.04198 | +0.090% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0297% | 8h | 0.04202 | +0.179% | $14K | $16K | 10x | as long as short |
| Extended SAND-USD | −0.0200% | 1h | 0.04194 | −0.005% | $3K | $174K | 10x | as long as short |
| Binance SANDUSDT | −0.0199% | 8h | 0.04197 | +0.072% | $6.7M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0198% | 8h | 0.04196 | +0.048% | $11.7M | $1.9M | 200x | as long as short |
| Bitget SANDUSDTlong | −0.0186% | 8h | 0.04194 | long leg | $1.7M | $551K | 10x | |
| BloFin SAND-USDT | −0.0173% | 8h | 0.04198 | +0.095% | $327K | $202K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0113% | 8h | 0.04190 | −0.095% | $2.6M | $349K | 50x | as long as short |
Kraken Futures PF_SANDUSD
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0076% | 8h | 0.04194 | 0.000% | $1.7M | $3.2M | 50x | as long as short |
| Bybit SANDUSDT | −0.0025% | 8h | 0.04196 | +0.048% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0014% | 8h | 0.04199 | +0.119% | — | $2.4M | — | as long as short |
| Gate SAND_USDTshort | +0.0011% | 8h | 0.04198 | +0.095% | $475K | $645K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.550% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP