Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.013%
Price spread now: BingX against Bybit+0.048%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.048%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04170 | 0.0057 | pay 0.0057% / 8h | 30m 23s | $3.4M | $3.3M | 75x |
| Short | BingX SAND-USDT | 0.04172 | 0.0100 | get 0.0100% / 8h | 30m 23s | — | $2.4M | — |
Bybit SANDUSDT
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $9.07
- Price spread: +0.048% → +0.016%
- $3.23
- Slippage, 4 orders
- −$35.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$44.34
- Costs to cover
- 0.566%
- Break-even
- 41.2 days
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 4 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, 2 min ago | 1.20 bp | 13.9 bp −$14 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.60 bp | 16.3 bp −$16 | 28.4 bp −$284 | 189.4 bp −$18.9K | 557.4 bp −$278.7K |
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 | −0.0235% | 8h | 0.04170 | 0.000% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04174 | +0.093% | $153K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0090% | 8h | 0.04179 | +0.210% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | −0.0087% | 1h | 0.04169 | −0.024% | $575K | $450K | 5x | as long as short |
| Bitget SANDUSDT | −0.0026% | 8h | 0.04172 | +0.048% | $1.7M | $540K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0018% | 8h | 0.04171 | +0.024% | $2.6M | $380K | 50x | as long as short |
| BloFin SAND-USDT | +0.0004% | 8h | 0.04172 | +0.048% | $324K | $292K | 75x | as long as short |
| Extended SAND-USD | +0.0016% | 1h | 0.04171 | +0.017% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | +0.0016% | 8h | 0.04171 | +0.024% | $6.6M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | +0.0018% | 8h | 0.04170 | 0.000% | $11.7M | $1.7M | 200x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Hyperliquid SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDTShow 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 | −0.983% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDTlong | +0.0057% | 8h | 0.04170 | long leg | $3.4M | $3.3M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04172 | +0.048% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04177 | +0.168% | $473K | $558K | 75x | as long as short |
| BingX SAND-USDTshort | +0.0100% | 8h | 0.04172 | +0.048% | — | $2.4M | — |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT