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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.92 per $10,000 · paid last 24h +0.020%
Price spread now: OKX against Gate−0.095%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$930.933% of the position
Long on GateShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.095%, 7d avg −0.004%
Together, before fees+0.083%+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.091% cheaper against Gate than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.004%). If the spread goes back, that is −$9 on $10k: about 3.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.014% in total) that is about 46 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SAND_USDT0.04189−0.0021get 0.0021% / 8h5h 16m$463K$629K75x
ShortOKX SAND-USDT-SWAP0.041850.0071get 0.0071% / 8h5h 16m$1.7M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$19.32
Price spread: −0.095% → −0.004%
−$9.13
Slippage, 4 orders
−$68.29
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
−$83.1
Costs to cover
0.933%
Break-even
37.1 days
Slippage from Gate: live order book, 45 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 45 min ago3.61 bp26.8 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.19 bp19.8 bp −$2097.1 bp −$971doesn't fitdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0345%8h0.04188−0.019%$114K$4K—as long as short
Hyperliquid SAND−0.0243%1h0.04183−0.153%$578K$337K5xas long as short
Aster SANDUSDT−0.0159%8h0.04188−0.028%$14K$16K10xas long as short
Bitget SANDUSDT−0.0063%8h0.04182−0.167%$1.7M$548K10xas long as short
BloFin SAND-USDT−0.0061%8h0.04187−0.048%$319K$221K75xas long as short
Binance SANDUSDT−0.0058%8h0.04187−0.050%$6.5M$11.8M75xas long as short
Extended SAND-USD−0.0056%1h0.04188−0.029%$7K$173K10xas long as short
MEXC SAND_USDT−0.0055%8h0.041890.000%$11.6M$1.7M200xas long as short
Gate SAND_USDTlong−0.0021%8h0.04189long leg$463K$629K75x
Bybit SANDUSDT−0.0016%8h0.04186−0.072%$3.4M$3.4M75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SANDUSDTM−0.0013%8h0.04183−0.143%$2.6M$371K50xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−1.432%$757$7955.5xas long as short
OKX SAND-USDT-SWAPshort+0.0071%8h0.04185−0.095%$1.7M$3.1M50x
BingX SAND-USDT+0.0075%8h0.04188−0.024%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0239%1h0.04194+0.109%$156K$106K25xas long as short