Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.022%
Price spread now: MEXC against BloFin+0.048%49s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as 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−$480.477% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.048%, 7d avg 0.000%
=The price spread pays, funding is against you. MEXC is 0.048% dearer against BloFin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.214% in total) that is about 37 hours. The two prices were read 49 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 | 0.04158 | −0.0051 | get 0.0051% / 8h | 5h 36m | $319K | $246K | 75x |
| Short | MEXC SAND_USDT | 0.04160 | −0.0067 | pay 0.0067% / 8h | 5h 36m | $11.6M | $1.7M | 200x |
BloFin SAND-USDT
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$3.32
- Price spread: +0.048% → 0.000%
- $4.77
- Slippage, 4 orders
- −$31.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$46.27
- Costs to cover
- 0.477%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago | 1.20 bp | 12.0 bp −$12 | 19.1 bp −$191 | 99.7 bp −$9,969 | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.20 bp | 9.4 bp −$9 | 27.0 bp −$270 | 107.6 bp −$10.8K | 217.3 bp −$108.7K |
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 | −0.0358% | 8h | 0.04154 | −0.092% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0210% | 1h | 0.04156 | −0.041% | $575K | $344K | 5x | as long as short |
| Aster SANDUSDT | −0.0179% | 8h | 0.04162 | +0.091% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDT | −0.0085% | 8h | 0.04165 | +0.168% | $3.4M | $3.4M | 75x | as long as short |
| Binance SANDUSDT | −0.0070% | 8h | 0.04165 | +0.168% | $6.4M | $11.8M | 75x | as long as short |
| Gate SAND_USDT | −0.0068% | 8h | 0.04163 | +0.120% | $459K | $617K | 75x | as long as short |
| MEXC SAND_USDTshort | −0.0067% | 8h | 0.04160 | +0.048% | $11.6M | $1.7M | 200x | |
| Extended SAND-USD | −0.0064% | 1h | 0.04158 | −0.005% | $3K | $173K | 10x | as long as short |
| Bitget SANDUSDT | −0.0064% | 8h | 0.04154 | −0.096% | $1.7M | $546K | 10x | as long as short |
| BloFin SAND-USDTlong | −0.0051% | 8h | 0.04158 | long leg | $319K | $246K | 75x |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bybit SANDUSDT
Binance SANDUSDT
Gate SAND_USDT
Extended SAND-USD
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SANDUSDTM | −0.0014% | 8h | 0.04154 | −0.096% | $2.5M | $373K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.697% | $757 | $795 | 5.5x | as long as short |
| BingX SAND-USDT | +0.0089% | 8h | 0.04162 | +0.096% | — | $2.4M | — | as long as short |
| OKX SAND-USDT-SWAP | +0.0090% | 8h | 0.04164 | +0.144% | $1.7M | $3.1M | 50x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0240% | 1h | 0.04166 | +0.184% | $155K | $103K | 25x | as long as short |
KuCoin SANDUSDTM
Injective SAND/USDC PERP
BingX SAND-USDT
OKX SAND-USDT-SWAP
Kraken Futures PF_SANDUSD