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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRnext payment +$1.26 per $10,000 · paid last 24h +0.043%
Price spread now: OKX against Bitget0.000%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$760.760% of the position
Long on BitgetShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.068%−$7 on $10k
Price spread, last 7 days−0.024%−$2 · spread now 0.000%, 7d avg +0.072%
Together, before fees−0.092%−$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.072%). If the spread goes back, that is −$7 on $10k: about 46 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SANDUSDT0.04172−0.0026get 0.0026% / 8h29m 50s$1.7M$540K10x
ShortOKX SAND-USDT-SWAP0.041720.0100get 0.0100% / 8h29m 50s$1.8M$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$26.46
Price spread: 0.000% → +0.072%
−$7.22
Slippage, 4 orders
−$54.04
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$56.8
Costs to cover
0.760%
Break-even
22.0 days
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago3.60 bp23.7 bp −$2442.1 bp −$421doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago2.39 bp15.9 bp −$1681.5 bp −$815doesn't fitdoesn'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
Variational Omni SAND−0.0235%8h0.04170−0.047%$114K$4K—as long as short
Kraken Futures PF_SANDUSD−0.0140%1h0.04172−0.008%$153K$106K25xas long as short
Aster SANDUSDT−0.0090%8h0.04179+0.162%$14K$18K10xas long as short
Hyperliquid SAND−0.0081%1h0.04169−0.070%$575K$450K5xas long as short
Bitget SANDUSDTlong−0.0026%8h0.04172long leg$1.7M$540K10x
KuCoin SANDUSDTM−0.0018%8h0.04171−0.024%$2.6M$380K50xas long as short
BloFin SAND-USDT+0.0004%8h0.041720.000%$324K$292K75xas long as short
Extended SAND-USD+0.0016%1h0.04170−0.043%$3K$194K10xas long as short
Binance SANDUSDT+0.0016%8h0.04171−0.024%$6.6M$12.4M75xas long as short
MEXC SAND_USDT+0.0018%8h0.04170−0.048%$11.7M$1.7M200xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−1.031%$757$7955.5xas long as short
Bybit SANDUSDT+0.0057%8h0.04169−0.072%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAPshort+0.0100%8h0.041720.000%$1.8M$3.3M50x
Gate SAND_USDT+0.0100%8h0.04177+0.120%$473K$558K75xas long as short
BingX SAND-USDT+0.0100%8h0.041720.000%—$2.4M—as long as short