Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.0% APRnext payment −$1.10 per $10,000 · paid last 24h −0.013%
Price spread now: MEXC against Gate−0.072%7-day average −0.030% · 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−$92as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.072%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.042% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04176 | 0.0100 | pay 0.0100% / 8h | 7m 50s | $473K | $559K | 75x |
| Short | MEXC SAND_USDT | 0.04173 | −0.0010 | pay 0.0010% / 8h | 7m 50s | $11.7M | $1.7M | 200x |
Gate SAND_USDT
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$23.1
- Price spread: −0.072% → −0.030%
- −$4.16
- Slippage, 4 orders
- −$69.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$115.31
- Costs to cover
- 0.880%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 5 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, 3 min ago | 3.60 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.20 bp | 8.7 bp −$9 | 21.4 bp −$214 | 90.2 bp −$9,019 | 141.8 bp −$70.9K |
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 | −0.0239% | 8h | 0.04168 | −0.182% | $114K | $5K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04177 | +0.035% | $154K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0116% | 8h | 0.04180 | +0.085% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | −0.0101% | 1h | 0.04168 | −0.189% | $575K | $450K | 5x | as long as short |
| Bitget SANDUSDT | −0.0045% | 8h | 0.04171 | −0.120% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0043% | 8h | 0.04169 | −0.168% | $2.6M | $380K | 50x | as long as short |
| Binance SANDUSDT | −0.0012% | 8h | 0.04172 | −0.095% | $6.6M | $12.5M | 75x | as long as short |
| MEXC SAND_USDTshort | −0.0010% | 8h | 0.04173 | −0.072% | $11.7M | $1.7M | 200x | |
| Extended SAND-USD | −0.0008% | 1h | 0.04172 | −0.098% | $3K | $195K | 10x | as long as short |
| BloFin SAND-USDT | −0.0006% | 8h | 0.04173 | −0.072% | $322K | $292K | 75x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Hyperliquid SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
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 | −1.125% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0067% | 8h | 0.04173 | −0.072% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04175 | −0.024% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04176 | long leg | $473K | $559K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04175 | −0.024% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
BingX SAND-USDT