Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.020%
Price spread now: Binance against Bybit+0.024%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now +0.024%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04144 | 0.0100 | pay 0.0100% / 8h | 2h 52m | $3.3M | $3.2M | 75x |
| Short | Binance SANDUSDT | 0.04145 | 0.0040 | get 0.0040% / 8h | 2h 52m | $6.5M | $12.3M | 75x |
Bybit SANDUSDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$12.66
- Price spread: +0.024% → +0.014%
- $0.98
- Slippage, 4 orders
- −$35.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$68.33
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 3 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 Bybit live order book, 5 min ago | 1.20 bp | 14.3 bp −$14 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.20 bp | 14.3 bp −$14 | 26.0 bp −$260 | 204.9 bp −$20.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0165% | 8h | 0.04155 | +0.265% | $113K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0085% | 8h | 0.04139 | −0.121% | $1.7M | $551K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0067% | 8h | 0.04147 | +0.072% | $2.6M | $366K | 50x | as long as short |
| Aster SANDUSDT | −0.0021% | 8h | 0.04152 | +0.193% | $13K | $17K | 10x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.362% | $757 | $795 | 5.5x | as long as short |
| MEXC SAND_USDT | +0.0037% | 8h | 0.04146 | +0.048% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDTshort | +0.0040% | 8h | 0.04145 | +0.024% | $6.5M | $12.3M | 75x | |
| Extended SAND-USD | +0.0040% | 1h | 0.04145 | +0.014% | $3K | $194K | 10x | as long as short |
| BloFin SAND-USDT | +0.0064% | 8h | 0.04154 | +0.241% | $322K | $290K | 75x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04142 | −0.036% | $571K | $443K | 5x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
Injective SAND/USDC PERP
MEXC SAND_USDT
Extended SAND-USD
BloFin SAND-USDT
Hyperliquid SANDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | +0.0100% | 8h | 0.04144 | long leg | $3.3M | $3.2M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04148 | +0.097% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04152 | +0.193% | $462K | $571K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04148 | +0.097% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0285% | 1h | 0.04148 | +0.102% | $155K | $96K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD