Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Bybit against Gate−0.120%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$840.842% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.120%, 7d avg −0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.051%.
| 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 15m | $463K | $570K | 75x |
| Short | Bybit SANDUSDT | 0.04162 | 0.0100 | get 0.0100% / 8h | 1h 15m | $3.4M | $3.3M | 75x |
Gate SAND_USDT
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.120% → −0.051%
- −$6.91
- Slippage, 4 orders
- −$58.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$91.07
- Costs to cover
- 0.842%
- Break-even
- never at this rate
Slippage from Gate: live order book, 66 min ago; Bybit: live order book, 2 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, 66 min ago | 2.39 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.20 bp | 13.5 bp −$13 | 36.0 bp −$360 | 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 | −0.0261% | 1h | 0.04160 | −0.158% | $573K | $447K | 5x | as long as short |
| Variational Omni SAND | −0.0202% | 8h | 0.04174 | +0.167% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0111% | 8h | 0.04163 | −0.096% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04174 | +0.167% | $154K | $99K | 25x | as long as short |
| Bitget SANDUSDT | −0.0048% | 8h | 0.04160 | −0.168% | $1.7M | $543K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0046% | 8h | 0.04159 | −0.192% | $2.5M | $381K | 50x | as long as short |
| Extended SAND-USD | −0.0008% | 1h | 0.04164 | −0.083% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | −0.0005% | 8h | 0.04166 | −0.020% | $6.5M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0004% | 8h | 0.04166 | −0.024% | $11.7M | $1.7M | 200x | as long as short |
| BloFin SAND-USDT | +0.0004% | 8h | 0.04164 | −0.072% | $322K | $292K | 75x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
Bitget SANDUSDT
KuCoin SANDUSDTM
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
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 | −0.912% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDTshort | +0.0100% | 8h | 0.04162 | −0.120% | $3.4M | $3.3M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04166 | −0.024% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04167 | long leg | $463K | $570K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04166 | −0.024% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
BingX SAND-USDT