Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin+0.192%61s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.525% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.192%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.193% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.221%, so the current rate has only just turned in your favour. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04168 | −0.0039 | get 0.0039% / 8h | 4m 08s | $322K | $292K | 75x |
| Short | Binance SANDUSDT | 0.04176 | −0.0020 | pay 0.0020% / 8h | 4m 08s | $6.6M | $12.5M | 75x |
BloFin SAND-USDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $4.02
- Price spread: +0.192% → −0.001%
- $19.29
- Slippage, 4 orders
- −$30.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.16
- Costs to cover
- 0.525%
- Break-even
- 57.8 days
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 6 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 BloFin live order book, 6 min ago | 2.40 bp | 15.4 bp −$15 | 20.3 bp −$203 | 89.9 bp −$8,986 | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.20 bp | 9.7 bp −$10 | 27.3 bp −$273 | 211.6 bp −$21.2K | 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 | −0.0243% | 8h | 0.04166 | −0.049% | $114K | $5K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04180 | +0.281% | $154K | $108K | 25x | as long as short |
| Aster SANDUSDT | −0.0125% | 8h | 0.04179 | +0.260% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | −0.0108% | 1h | 0.04173 | +0.110% | $577K | $452K | 5x | as long as short |
| KuCoin SANDUSDTM | −0.0050% | 8h | 0.04166 | −0.048% | $2.6M | $380K | 50x | as long as short |
| Bitget SANDUSDT | −0.0049% | 8h | 0.04174 | +0.144% | $1.7M | $548K | 10x | as long as short |
| BloFin SAND-USDTlong | −0.0039% | 8h | 0.04168 | long leg | $322K | $292K | 75x | |
| Binance SANDUSDTshort | −0.0020% | 8h | 0.04176 | +0.192% | $6.6M | $12.5M | 75x | |
| MEXC SAND_USDT | −0.0019% | 8h | 0.04176 | +0.192% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0016% | 1h | 0.04175 | +0.172% | $3K | $195K | 10x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTM
Bitget 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 | −0.936% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0066% | 8h | 0.04175 | +0.168% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04179 | +0.264% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04175 | +0.168% | $473K | $559K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04176 | +0.192% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT