Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h +0.013%
Price spread now: MEXC against Bitget+0.072%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.072%, 7d avg +0.058%
=The price spread sits at its 7-day average of +0.058%, 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 | 0.04152 | −0.0019 | get 0.0019% / 8h | 6h 30m | $1.7M | $585K | 10x |
| Short | MEXC SAND_USDT | 0.04155 | −0.0054 | pay 0.0054% / 8h | 6h 30m | $11.4M | $1.7M | 200x |
Bitget SANDUSDT
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$7.35
- Price spread: +0.072% → +0.058%
- $1.41
- Slippage, 4 orders
- −$51.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$73.59
- Costs to cover
- 0.676%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; MEXC: live order book, 2 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 | 2.41 bp | 30.0 bp −$30 | 50.0 bp −$500 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.20 bp | 11.2 bp −$11 | 32.8 bp −$328 | 96.7 bp −$9,673 | 172.4 bp −$86.2K |
SAND on 14 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 | −0.0329% | 8h | 0.04155 | +0.081% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0172% | 8h | 0.04157 | +0.116% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0111% | 8h | 0.04155 | +0.072% | $3.4M | $3.5M | 75x | as long as short |
| Extended SAND-USD | −0.0056% | 1h | 0.04153 | +0.026% | $6K | $174K | 10x | as long as short |
| Binance SANDUSDT | −0.0054% | 8h | 0.04156 | +0.096% | $6.4M | $12.4M | 75x | as long as short |
| MEXC SAND_USDTshort | −0.0054% | 8h | 0.04155 | +0.072% | $11.4M | $1.7M | 200x | |
| Bitget SANDUSDTlong | −0.0019% | 8h | 0.04152 | long leg | $1.7M | $585K | 10x | |
| KuCoin SANDUSDTM | −0.0014% | 8h | 0.04153 | +0.024% | $2.5M | $379K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.554% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04150 | −0.043% | $571K | $448K | 5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Extended SAND-USD
Binance SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERP
Hyperliquid SANDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04157 | +0.120% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04153 | +0.024% | $460K | $624K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04156 | +0.096% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0431% | 1h | 0.04156 | +0.100% | $154K | $118K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD