Funding you earn now, next payment 04:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.040%
Price spread now: OKX against Extended+0.075%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.075%, 7d avg +0.059%
=Together, before fees+0.075%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SAND-USD | 0.04116 | −0.0168 | get 0.0021% / 1h | 47m 32s | $3K | $173K | 10x |
| Short | OKX SAND-USDT-SWAP | 0.04119 | 0.0022 | get 0.0022% / 8h | 4h 47m | $1.6M | $3.1M | 50x |
Extended SAND-USD
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- $39.89
- Price spread: +0.075% → +0.059%
- $1.66
- Slippage, 4 orders
- −$45.51
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$18.95
- Costs to cover
- 0.605%
- Break-even
- 10.3 days
Slippage from Extended: live order book, 9 min ago; OKX: live order book, 5 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 Extended live order book, 9 min ago | 2.78 bp | 12.2 bp −$12 | 65.6 bp −$656 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.43 bp | 18.6 bp −$19 | 76.3 bp −$763 | 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 | −0.0371% | 8h | 0.04122 | +0.155% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0278% | 8h | 0.04116 | +0.013% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0197% | 8h | 0.04118 | +0.051% | $462K | $626K | 75x | as long as short |
| Extended SAND-USDlong | −0.0168% | 1h | 0.04116 | long leg | $3K | $173K | 10x | |
| Binance SANDUSDT | −0.0166% | 8h | 0.04119 | +0.082% | $6.5M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0165% | 8h | 0.04115 | −0.022% | $11.4M | $1.8M | 200x | as long as short |
| BloFin SAND-USDT | −0.0140% | 8h | 0.04111 | −0.119% | $321K | $215K | 75x | as long as short |
| Bitget SANDUSDT | −0.0103% | 8h | 0.04109 | −0.168% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0096% | 8h | 0.04107 | −0.216% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0044% | 8h | 0.04119 | +0.075% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Gate SAND_USDT
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAPshort | +0.0022% | 8h | 0.04119 | +0.075% | $1.6M | $3.1M | 50x | |
| BingX SAND-USDT | +0.0029% | 8h | 0.04119 | +0.075% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | +0.318% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04111 | −0.121% | $566K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0503% | 1h | 0.04111 | −0.115% | $154K | $106K | 25x | as long as short |
BingX SAND-USDT
Injective SAND/USDC PERP
Hyperliquid SAND
Kraken Futures PF_SANDUSD