Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: OKX against Bybit+0.072%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.072%, 7d avg +0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.043% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04161 | 0.0100 | pay 0.0100% / 8h | 2h 29m | $3.3M | $3.2M | 75x |
| Short | OKX SAND-USDT-SWAP | 0.04164 | 0.0100 | get 0.0100% / 8h | 2h 29m | $1.8M | $3.3M | 50x |
Bybit SANDUSDT
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.072% → +0.029%
- $4.33
- Slippage, 4 orders
- −$41.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$58.46
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 2 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, 3 min ago | 1.20 bp | 12.9 bp −$13 | 34.5 bp −$345 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.20 bp | 15.2 bp −$15 | 61.0 bp −$610 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0146% | 8h | 0.04157 | −0.101% | $113K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0046% | 8h | 0.04159 | −0.048% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0044% | 8h | 0.04158 | −0.072% | $2.6M | $373K | 50x | as long as short |
| Aster SANDUSDT | −0.0003% | 8h | 0.04163 | +0.045% | $14K | $18K | 10x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.769% | $757 | $795 | 5.5x | as long as short |
| MEXC SAND_USDT | +0.0061% | 8h | 0.04162 | +0.024% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0061% | 8h | 0.04161 | +0.006% | $6.5M | $12.2M | 75x | as long as short |
| Extended SAND-USD | +0.0064% | 1h | 0.04161 | +0.002% | $3K | $194K | 10x | as long as short |
| BloFin SAND-USDT | +0.0065% | 8h | 0.04157 | −0.096% | $322K | $290K | 75x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04158 | −0.072% | $573K | $445K | 5x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
Injective SAND/USDC PERP
MEXC SAND_USDT
Binance SANDUSDT
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 | 0.04161 | long leg | $3.3M | $3.2M | 75x | |
| OKX SAND-USDT-SWAPshort | +0.0100% | 8h | 0.04164 | +0.072% | $1.8M | $3.3M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04165 | +0.096% | $464K | $574K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04161 | 0.000% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0284% | 1h | 0.04165 | +0.085% | $155K | $100K | 25x | as long as short |
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD