SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.7% APRnext payment −$1.71 per $10,000 · paid last 24h −0.041%

Price spread now: Bitget against Bybit+0.119%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.119%, 7d avg −0.048%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.166% dearer against Bybit than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of −0.048%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SANDUSDT	0.04214	−0.0058	get 0.0058% / 8h	1h 03m	$3.6M	$4.0M	75x
Short	Bitget SANDUSDT	0.04219	−0.0229	pay 0.0229% / 8h	1h 03m	$1.8M	$552K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$35.89
Price spread: +0.119% → −0.048%: $16.62
Slippage, 4 orders: −$62.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.19
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: 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, 4 min ago	1.18 bp	14.5 bp −$14	35.7 bp −$357	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.56 bp	34.5 bp −$34	65.5 bp −$655	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	−0.0441%	8h	0.04215	+0.032%	$14K	$16K	10x	as long as short
Hyperliquid SAND	−0.0426%	1h	0.04210	−0.085%	$581K	$328K	5x	as long as short
Variational Omni SAND	−0.0371%	8h	0.04218	+0.089%	$115K	$4K	—	as long as short
Binance SANDUSDT	−0.0353%	8h	0.04213	−0.016%	$6.8M	$13.5M	75x	as long as short
Extended SAND-USD	−0.0352%	1h	0.04212	−0.043%	$3K	$166K	10x	as long as short
MEXC SAND_USDT	−0.0350%	8h	0.04213	−0.024%	$11.3M	$2.0M	200x	as long as short
BloFin SAND-USDT	−0.0336%	8h	0.04217	+0.071%	$331K	$140K	75x	as long as short
KuCoin SANDUSDTM	−0.0290%	8h	0.04213	−0.024%	$2.6M	$386K	50x	as long as short
OKX SAND-USDT-SWAP	−0.0231%	8h	0.04213	−0.024%	$1.7M	$3.3M	50x	as long as short
Bitget SANDUSDTshort	−0.0229%	8h	0.04219	+0.119%	$1.8M	$552K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SANDUSD	−0.0214%	1h	0.04221	+0.176%	$160K	$110K	25x	as long as short
Bybit SANDUSDTlong	−0.0058%	8h	0.04214	long leg	$3.6M	$4.0M	75x
BingX SAND-USDT	−0.0035%	8h	0.04217	+0.071%	—	$2.4M	—	as long as short
Gate SAND_USDT	−0.0029%	8h	0.04218	+0.095%	$492K	$681K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−2.017%	$757	$795	5.5x	as long as short