Settings8H · net · $10k
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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−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.046%
Price spread now: Bitget against BloFin0.000%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$780.780% of the position
Long on BloFinShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$8 on $10k
Price spread, last 3 days (all we have)+0.007%+$1 · spread now 0.000%, 7d avg −0.059%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.059% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.059%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SAND-USDT0.041720.0004pay 0.0004% / 8h30m 50s$324K$292K75x
ShortBitget SANDUSDT0.04172−0.0026pay 0.0026% / 8h30m 50s$1.7M$540K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$6.31
Price spread: 0.000% → −0.059%
$5.88
Slippage, 4 orders
−$53.98
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$78.41
Costs to cover
0.780%
Break-even
never at this rate
Slippage from BloFin: live order book, 44 min ago; Bitget: live order book, 1 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 BloFin live order book, 44 min ago3.60 bp16.8 bp −$1720.7 bp −$20784.3 bp −$8,427doesn't fit
Sell Bitget live order book, 1 min ago3.60 bp23.0 bp −$2339.0 bp −$390doesn'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%1h0.04174+0.045%$153K$106K25xas long as short
Hyperliquid SAND−0.0094%1h0.04169−0.079%$575K$450K5xas long as short
Aster SANDUSDT−0.0090%8h0.04179+0.174%$14K$18K10xas long as short
Bitget SANDUSDTshort−0.0026%8h0.041720.000%$1.7M$540K10x
KuCoin SANDUSDTM−0.0014%8h0.041720.000%$2.6M$380K50xas long as short
BloFin SAND-USDTlong+0.0004%8h0.04172long leg$324K$292K75x
Extended SAND-USD+0.0016%1h0.04172+0.005%$3K$194K10xas long as short
Binance SANDUSDT+0.0016%8h0.04171−0.013%$6.6M$12.4M75xas long as short
MEXC SAND_USDT+0.0018%8h0.04173+0.024%$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+0.0059%8h0.04170−0.048%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04173+0.024%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04177+0.120%$473K$558K75xas long as short
BingX SAND-USDT+0.0100%8h0.04173+0.024%—$2.4M—as long as short