SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0101%/8h= −11.1% APRnext payment −$1.01 per $10,000 · paid last 24h −0.020%

Price spread now: MEXC against Bybit+0.120%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.120%, 7d avg +0.013%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.107% dearer against Bybit than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.013%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.063% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SANDUSDT	0.04171	0.0100	pay 0.0100% / 8h	1h 35m	$3.4M	$3.2M	75x
Short	MEXC SAND_USDT	0.04176	−0.0001	pay 0.0001% / 8h	1h 35m	$11.7M	$1.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$21.21
Price spread: +0.120% → +0.013%: $10.66
Slippage, 4 orders: −$32.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$58.37
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: 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, 2 min ago	2.40 bp	13.6 bp −$14	32.5 bp −$325	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.20 bp	10.0 bp −$10	18.1 bp −$181	81.1 bp −$8,110	141.8 bp −$70.9K

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
Hyperliquid SAND	−0.0419%	1h	0.04172	+0.017%	$574K	$445K	5x	as long as short
Variational Omni SAND	−0.0187%	8h	0.04171	0.000%	$114K	$4K	—	as long as short
Aster SANDUSDT	−0.0100%	8h	0.04176	+0.114%	$14K	$18K	10x	as long as short
Kraken Futures PF_SANDUSD	−0.0080%	1h	0.04174	+0.062%	$155K	$98K	25x	as long as short
Bitget SANDUSDT	−0.0055%	8h	0.04175	+0.096%	$1.7M	$546K	10x	as long as short
KuCoin SANDUSDTM	−0.0054%	8h	0.04174	+0.072%	$2.6M	$365K	50x	as long as short
Binance SANDUSDT	−0.0002%	8h	0.04176	+0.120%	$6.6M	$12.4M	75x	as long as short
MEXC SAND_USDTshort	−0.0001%	8h	0.04176	+0.120%	$11.7M	$1.7M	200x
Extended SAND-USD	0.0000%	1h	0.04170	−0.018%	$3K	$194K	10x	as long as short
BloFin SAND-USDT	+0.0008%	8h	0.04174	+0.072%	$323K	$293K	75x	as long as short

Show 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	−1.007%	$757	$795	5.5x	as long as short
Bybit SANDUSDTlong	+0.0100%	8h	0.04171	long leg	$3.4M	$3.2M	75x
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04178	+0.168%	$1.8M	$3.3M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04177	+0.144%	$465K	$569K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04175	+0.096%	—	$2.4M	—	as long as short