Funding you earn now, next payment 08:00 UTC−0.0113%/8h= −12.3% APRnext payment −$1.13 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Gate−0.239%93s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.239%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.213% cheaper against Gate than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04184 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $503K | $583K | 75x |
| Short | BloFin SAND-USDT | 0.04174 | −0.0013 | pay 0.0013% / 8h | 7h 17m | $319K | $291K | 75x |
Gate SAND_USDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$23.67
- Price spread: −0.239% → −0.026%
- −$21.26
- Slippage, 4 orders
- −$75.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$147.06
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; BloFin: live order book, 52 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, 53 min ago | 3.60 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 2.40 bp | 15.6 bp −$16 | 23.5 bp −$235 | 86.7 bp −$8,668 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0761% | 1h | 0.04188 | +0.103% | $155K | $118K | 25x | as long as short |
| Bybit SANDUSDT | −0.0331% | 8h | 0.04179 | −0.120% | $3.4M | $3.4M | 75x | as long as short |
| Variational Omni SAND | −0.0283% | 8h | 0.04174 | −0.232% | $114K | $5K | — | as long as short |
| Hyperliquid SAND | −0.0202% | 1h | 0.04177 | −0.163% | $576K | $454K | 5x | as long as short |
| Aster SANDUSDT | −0.0144% | 8h | 0.04175 | −0.212% | $14K | $17K | 10x | as long as short |
| Bitget SANDUSDT | −0.0048% | 8h | 0.04178 | −0.143% | $1.7M | $574K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0046% | 8h | 0.04173 | −0.263% | $2.6M | $373K | 50x | as long as short |
| Binance SANDUSDT | −0.0036% | 8h | 0.04182 | −0.043% | $6.5M | $12.2M | 75x | as long as short |
| Extended SAND-USD | −0.0032% | 1h | 0.04181 | −0.069% | $3K | $174K | 10x | as long as short |
| MEXC SAND_USDT | −0.0030% | 8h | 0.04182 | −0.048% | $11.6M | $1.8M | 200x | as long as short |
Kraken Futures PF_SANDUSD
Bybit SANDUSDT
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAND-USDTshort | −0.0013% | 8h | 0.04174 | −0.239% | $319K | $291K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.315% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04183 | −0.024% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04184 | long leg | $503K | $583K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04180 | −0.096% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
BingX SAND-USDT