Funding you earn now, next payment 08:00 UTC+0.0262%/8h= +28.7% APRnext payment +$2.62 per $10,000 · paid last 24h +0.003%
Price spread now: Gate against BloFin−0.143%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1000.999% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.143%, 7d avg +0.037%
=Funding pays, the price is against you. Gate is 0.181% cheaper against BloFin than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of +0.037%). If the spread goes back, that is −$18 on $10k: about 2.3 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04185 | −0.0288 | get 0.0288% / 8h | 1h 42m | $331K | $139K | 75x |
| Short | Gate SAND_USDT | 0.04179 | −0.0026 | pay 0.0026% / 8h | 1h 42m | $482K | $666K | 75x |
BloFin SAND-USDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $55.06
- Price spread: −0.143% → +0.037%
- −$18.08
- Slippage, 4 orders
- −$72.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$62.95
- Costs to cover
- 0.999%
- Break-even
- 15.0 days
Slippage from BloFin: live order book, 42 min ago; Gate: live order book, 63 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, 42 min ago | 1.20 bp | 15.2 bp −$15 | 21.7 bp −$217 | 117.0 bp −$11.7K | doesn't fit |
| Sell Gate live order book, 63 min ago | 3.58 bp | 30.6 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0399% | 8h | 0.04183 | −0.043% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0374% | 8h | 0.04178 | −0.173% | $114K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0307% | 8h | 0.04180 | −0.125% | $6.7M | $13.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0306% | 8h | 0.04177 | −0.191% | $11.2M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0304% | 1h | 0.04181 | −0.098% | $6K | $228K | 10x | as long as short |
| BloFin SAND-USDTlong | −0.0288% | 8h | 0.04185 | long leg | $331K | $139K | 75x | |
| Bitget SANDUSDT | −0.0225% | 8h | 0.04180 | −0.119% | $1.7M | $545K | 10x | as long as short |
| Hyperliquid SAND | −0.0220% | 1h | 0.04177 | −0.191% | $579K | $328K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0216% | 1h | 0.04198 | +0.306% | $158K | $104K | 25x | as long as short |
| KuCoin SANDUSDTM | −0.0215% | 8h | 0.04179 | −0.143% | $2.6M | $375K | 50x | as long as short |
Aster SANDUSDT
Variational Omni SAND
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
Hyperliquid SAND
Kraken Futures PF_SANDUSD
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0195% | 8h | 0.04176 | −0.215% | $1.7M | $3.2M | 50x | as long as short |
| Bybit SANDUSDT | −0.0054% | 8h | 0.04178 | −0.167% | $3.5M | $3.9M | 75x | as long as short |
| BingX SAND-USDT | −0.0036% | 8h | 0.04182 | −0.072% | — | $2.4M | — | as long as short |
| Gate SAND_USDTshort | −0.0026% | 8h | 0.04179 | −0.143% | $482K | $666K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.338% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP