Funding you earn now, next payment 00:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h −0.003%
Price spread now: BingX against BloFin+0.096%66s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as 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−$580.579% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.096%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.089% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.007%. The two prices were read 66 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 | −0.0027 | get 0.0027% / 8h | 6m 01s | $321K | $292K | 75x |
| Short | BingX SAND-USDT | 0.04172 | 0.0100 | get 0.0100% / 8h | 6m 01s | — | $2.4M | — |
BloFin SAND-USDT
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $26.58
- Price spread: +0.096% → +0.007%
- $8.93
- Slippage, 4 orders
- −$35.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$22.39
- Costs to cover
- 0.579%
- Break-even
- 12.9 days
Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 3 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, 4 min ago | 2.40 bp | 15.4 bp −$15 | 20.3 bp −$203 | 89.9 bp −$8,986 | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.59 bp | 13.9 bp −$14 | 25.7 bp −$257 | 158.0 bp −$15.8K | 855.3 bp −$427.7K |
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 | 0.04169 | +0.036% | $153K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0120% | 8h | 0.04175 | +0.168% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | −0.0103% | 1h | 0.04165 | −0.070% | $575K | $451K | 5x | as long as short |
| KuCoin SANDUSDTM | −0.0049% | 8h | 0.04163 | −0.120% | $2.5M | $380K | 50x | as long as short |
| Bitget SANDUSDT | −0.0047% | 8h | 0.04166 | −0.048% | $1.7M | $545K | 10x | as long as short |
| BloFin SAND-USDTlong | −0.0027% | 8h | 0.04168 | long leg | $321K | $292K | 75x | |
| Binance SANDUSDT | −0.0016% | 8h | 0.04168 | 0.000% | $6.6M | $12.5M | 75x | as long as short |
| Extended SAND-USD | −0.0016% | 1h | 0.04167 | −0.020% | $3K | $195K | 10x | as long as short |
| MEXC SAND_USDT | −0.0011% | 8h | 0.04168 | 0.000% | $11.7M | $1.7M | 200x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTM
Bitget SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDTShow 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 | +0.0065% | 8h | 0.04168 | 0.000% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04170 | +0.048% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04176 | +0.192% | $473K | $559K | 75x | as long as short |
| BingX SAND-USDTshort | +0.0100% | 8h | 0.04172 | +0.096% | — | $2.4M | — |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT