Settings8H · net · $10k
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Funding arb · Price arb / Crypto

SAND

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotSANDUSDT
0.04188spotno funding——$192K1xBuy Bybit Spot
SHORT
BybitSANDUSDT
0.04183−0.0294pay 0.0294% / 8h7h 44m$4.1M$8.0M75xShort Bybit
Price gap−0.131%
Funding gap−0.0294% /8h

The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 6 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$43−0.0294% /8h now · paid −0.429% over the last 7D
Price+$2spread −0.131% now, avg −0.153% → +0.022% if it goes back
Costs−$1431.433% of $10k · taker + slippage, in and out
Result−$184−1.84%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.131%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SAND on 14 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size59.6 / 11.8 bp
    At $10k entering Bybit Spot costs 59.6 bp, fee and slippage, 5.1× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Bybit runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$8.82Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$8.82.
  • OK: Entry gap works for you−0.131% vs −0.153%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$4.1M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0204%/8h × 21 periods−$42.88
Price spread−0.131% → −0.153% (7d avg)+$2.17
Slippage, 4 orderslive order books−$112.29
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$184.00
Costs to cover1.433%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot4.8359.6 bp−$60doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.2011.8 bp−$1238.7 bp−$387doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SAND news

posts that mention SAND, from every exchange
10-09 03:29PhemexListingPerp New Listing: $SAND | @thesandboxgame 🔹 Trading Pair: $SAND/USDT 🔹 Trading Starts: 🔹 Supports 1 – 50x Leverage @Phemex_official on X ↗