Funding you earn now, next payment 06:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.027%
Price spread now: Extended against Gate−0.103%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.103%, 7d avg −0.065%
=Together, before fees−0.087%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.038% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% 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 | Gate SAND_USDT | 0.04159 | 0.0036 | pay 0.0036% / 8h | 2h 40m | $468K | $650K | 75x |
| Short | Extended SAND-USD | 0.04155 | −0.0256 | pay 0.0032% / 1h | 40m 43s | $3K | $225K | 10x |
Gate SAND_USDT
Extended SAND-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$61.32
- Price spread: −0.103% → −0.065%
- −$3.84
- Slippage, 4 orders
- −$66.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$151.55
- Costs to cover
- 0.864%
- Break-even
- never at this rate
Slippage from Gate: live order book, 6 min ago; Extended: live order book, 6 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, 6 min ago | 3.58 bp | 31.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 2.39 bp | 11.6 bp −$12 | 70.7 bp −$707 | 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 | −0.0511% | 1h | 0.04155 | −0.101% | $575K | $324K | 5x | as long as short |
| Variational Omni SAND | −0.0370% | 8h | 0.04159 | −0.004% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0349% | 8h | 0.04157 | −0.037% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0283% | 8h | 0.04162 | +0.072% | $327K | $137K | 75x | as long as short |
| Extended SAND-USDshort | −0.0256% | 1h | 0.04155 | −0.103% | $3K | $225K | 10x | |
| Binance SANDUSDT | −0.0255% | 8h | 0.04151 | −0.192% | $6.7M | $12.6M | 75x | as long as short |
| MEXC SAND_USDT | −0.0255% | 8h | 0.04156 | −0.072% | $11.3M | $1.9M | 200x | as long as short |
| Bitget SANDUSDT | −0.0243% | 8h | 0.04154 | −0.120% | $1.7M | $555K | 10x | as long as short |
| OKX SAND-USDT-SWAP | −0.0158% | 8h | 0.04150 | −0.216% | $1.6M | $3.1M | 50x | as long as short |
| KuCoin SANDUSDTM | −0.0153% | 8h | 0.04154 | −0.120% | $2.5M | $352K | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDT
OKX SAND-USDT-SWAP
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0037% | 8h | 0.04151 | −0.192% | $3.4M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0026% | 8h | 0.04157 | −0.048% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.721% | $757 | $795 | 5.5x | as long as short |
| Gate SAND_USDTlong | +0.0036% | 8h | 0.04159 | long leg | $468K | $650K | 75x | |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04167 | +0.191% | $156K | $104K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD