Settings8H · net · $10k
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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.90 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against BloFin−0.048%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Long on BloFinShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.143%−$14 on $10k
Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.048%, 7d avg +0.025%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.073% cheaper against BloFin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.025%). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SAND-USDT0.041660.0010pay 0.0010% / 8h1h 30m$323K$292K75x
ShortOKX SAND-USDT-SWAP0.041640.0100get 0.0100% / 8h1h 30m$1.8M$3.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$18.86
Price spread: −0.048% → +0.025%
−$7.28
Slippage, 4 orders
−$39.85
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$50.27
Costs to cover
0.618%
Break-even
25.7 days
Slippage from BloFin: live order book, 49 min ago; OKX: 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, 49 min ago3.59 bp11.7 bp −$1216.6 bp −$16683.3 bp −$8,329doesn't fit
Sell OKX live order book, 1 min ago1.20 bp19.5 bp −$1959.2 bp −$592doesn'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
Hyperliquid SAND−0.0372%1h0.04161−0.113%$572K$445K5xas long as short
Variational Omni SAND−0.0187%8h0.04171+0.121%$114K$4K—as long as short
Aster SANDUSDT−0.0112%8h0.04165−0.030%$14K$18K10xas long as short
Kraken Futures PF_SANDUSD−0.0080%1h0.04168+0.039%$154K$99K25xas long as short
Bitget SANDUSDT−0.0058%8h0.04162−0.096%$1.7M$548K10xas long as short
KuCoin SANDUSDTM−0.0052%8h0.04164−0.048%$2.6M$372K50xas long as short
Extended SAND-USD−0.0016%1h0.04165−0.032%$3K$194K10xas long as short
Binance SANDUSDT−0.0014%8h0.04164−0.046%$6.5M$12.4M75xas long as short
MEXC SAND_USDT−0.0014%8h0.04164−0.048%$11.7M$1.7M200xas long as short
BloFin SAND-USDTlong+0.0010%8h0.04166long leg$323K$292K75x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−0.888%$757$7955.5xas long as short
Bybit SANDUSDT+0.0100%8h0.04163−0.072%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAPshort+0.0100%8h0.04164−0.048%$1.8M$3.3M50x
Gate SAND_USDT+0.0100%8h0.04168+0.048%$463K$570K75xas long as short
BingX SAND-USDT+0.0100%8h0.041660.000%—$2.4M—as long as short