Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.78 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against BloFin0.000%92s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$560.564% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 3 days (all we have)+0.060%+$6 · spread now 0.000%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.025% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour. The two prices were read 92 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 | 0.04188 | 0.0022 | pay 0.0022% / 8h | 57m 35s | $323K | $294K | 75x |
| Short | Bybit SANDUSDT | 0.04188 | 0.0100 | get 0.0100% / 8h | 57m 35s | $3.4M | $3.3M | 75x |
BloFin SAND-USDT
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $16.36
- Price spread: 0.000% → −0.025%
- $2.49
- Slippage, 4 orders
- −$33.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.52
- Costs to cover
- 0.564%
- Break-even
- 23.1 days
Slippage from BloFin: live order book, 17 min ago; Bybit: live order book, 5 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, 17 min ago | 3.60 bp | 16.8 bp −$17 | 20.7 bp −$207 | 84.3 bp −$8,427 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.20 bp | 13.3 bp −$13 | 35.3 bp −$353 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0293% | 1h | 0.04186 | −0.057% | $576K | $449K | 5x | as long as short |
| Variational Omni SAND | −0.0172% | 8h | 0.04178 | −0.240% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0139% | 1h | 0.04192 | +0.084% | $154K | $105K | 25x | as long as short |
| Aster SANDUSDT | −0.0075% | 8h | 0.04191 | +0.063% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0014% | 8h | 0.04186 | −0.048% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0010% | 8h | 0.04182 | −0.143% | $2.6M | $383K | 50x | as long as short |
| BloFin SAND-USDTlong | +0.0022% | 8h | 0.04188 | long leg | $323K | $294K | 75x | |
| MEXC SAND_USDT | +0.0028% | 8h | 0.04191 | +0.072% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0031% | 8h | 0.04190 | +0.060% | $6.6M | $12.4M | 75x | as long as short |
| Extended SAND-USD | +0.0032% | 1h | 0.04190 | +0.037% | $3K | $194K | 10x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
MEXC SAND_USDT
Binance SANDUSDT
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 | −1.409% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDTshort | +0.0100% | 8h | 0.04188 | 0.000% | $3.4M | $3.3M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04189 | +0.024% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04189 | +0.024% | $465K | $553K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04191 | +0.072% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT