Funding you earn now, next payment 00:00 UTC−0.0147%/8h= −16.1% APRnext payment −$1.47 per $10,000 · paid last 24h −0.023%
Price spread now: Bitget against Gate−0.191%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.191%, 7d avg −0.084%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.107% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.084%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04187 | 0.0100 | pay 0.0100% / 8h | 1h 41m | $466K | $568K | 75x |
| Short | Bitget SANDUSDT | 0.04179 | −0.0047 | pay 0.0047% / 8h | 1h 41m | $1.7M | $545K | 10x |
Gate SAND_USDT
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$30.87
- Price spread: −0.191% → −0.084%
- −$10.66
- Slippage, 4 orders
- −$73.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$142.49
- Costs to cover
- 1.010%
- Break-even
- never at this rate
Slippage from Gate: live order book, 40 min ago; Bitget: live order book, 1 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, 40 min ago | 2.39 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.39 bp | 22.0 bp −$22 | 40.9 bp −$409 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0378% | 1h | 0.04177 | −0.229% | $575K | $445K | 5x | as long as short |
| Variational Omni SAND | −0.0179% | 8h | 0.04165 | −0.523% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0085% | 8h | 0.04185 | −0.053% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0079% | 1h | 0.04182 | −0.110% | $156K | $98K | 25x | as long as short |
| Bitget SANDUSDTshort | −0.0047% | 8h | 0.04179 | −0.191% | $1.7M | $545K | 10x | |
| KuCoin SANDUSDTM | −0.0039% | 8h | 0.04180 | −0.167% | $2.6M | $366K | 50x | as long as short |
| MEXC SAND_USDT | +0.0005% | 8h | 0.04180 | −0.167% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0006% | 8h | 0.04180 | −0.163% | $6.6M | $12.4M | 75x | as long as short |
| Extended SAND-USD | +0.0008% | 1h | 0.04181 | −0.146% | $3K | $194K | 10x | as long as short |
| BloFin SAND-USDT | +0.0015% | 8h | 0.04181 | −0.143% | $322K | $293K | 75x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
KuCoin SANDUSDTM
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
BloFin 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 | −1.385% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04180 | −0.167% | $3.4M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04179 | −0.191% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04187 | long leg | $466K | $568K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04183 | −0.096% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
BingX SAND-USDT