Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −7.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.014%
Price spread now: Binance against Gate+0.024%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$840.842% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.024%, 7d avg −0.028%
=The price spread pays, funding is against you. Binance is 0.052% dearer against Gate than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.028%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.063% in total) that is about 5.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04167 | 0.0100 | pay 0.0100% / 8h | 1h 56m | $464K | $567K | 75x |
| Short | Binance SANDUSDT | 0.04168 | 0.0027 | get 0.0027% / 8h | 1h 56m | $6.5M | $12.3M | 75x |
Gate SAND_USDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$15.24
- Price spread: +0.024% → −0.028%
- $5.24
- Slippage, 4 orders
- −$59.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$94.21
- Costs to cover
- 0.842%
- Break-even
- never at this rate
Slippage from Gate: live order book, 25 min ago; Binance: live order book, 14 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 Gate live order book, 25 min ago | 2.39 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.20 bp | 13.9 bp −$14 | 29.9 bp −$299 | 221.4 bp −$22.1K | 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 | −0.0143% | 8h | 0.04152 | −0.351% | $113K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0139% | 1h | 0.04165 | −0.058% | $573K | $446K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04165 | −0.042% | $155K | $96K | 25x | as long as short |
| Aster SANDUSDT | −0.0059% | 8h | 0.04165 | −0.045% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0039% | 8h | 0.04164 | −0.072% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0034% | 8h | 0.04164 | −0.072% | $2.6M | $370K | 50x | as long as short |
| BloFin SAND-USDT | +0.0019% | 8h | 0.04163 | −0.096% | $323K | $292K | 75x | as long as short |
| Extended SAND-USD | +0.0024% | 1h | 0.04167 | +0.008% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0027% | 8h | 0.04168 | +0.024% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDTshort | +0.0027% | 8h | 0.04168 | +0.024% | $6.5M | $12.3M | 75x |
Variational Omni SAND
Hyperliquid SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDTShow 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 | −0.912% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04166 | −0.024% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04168 | +0.024% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04167 | long leg | $464K | $567K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04165 | −0.048% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
BingX SAND-USDT