Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.043%
Price spread now: BingX against Kraken Futures−0.261%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days+0.456%+$46 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.261%, 7d avg −0.090%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.172% cheaper against Kraken Futures than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04244 | −0.0087 | get 0.0011% / 1h | 42m 19s | $161K | $109K | 25x |
| Short | BingX SAND-USDT | 0.04233 | −0.0082 | pay 0.0082% / 8h | 42m 19s | — | $2.4M | — |
Kraken Futures PF_SANDUSD
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $0.98
- Price spread: −0.261% → −0.090%
- −$17.17
- Slippage, 4 orders
- −$74.29
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$110.48
- Costs to cover
- 0.943%
- Break-even
- 796.2 days
Slippage from Kraken Futures: live order book, 60 min ago; BingX: 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 Kraken Futures live order book, 60 min ago | 7.17 bp | 31.4 bp −$31 | 91.7 bp −$917 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 4.73 bp | 18.3 bp −$18 | 30.0 bp −$300 | 154.9 bp −$15.5K | 635.2 bp −$317.6K |
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 | −0.1089% | 1h | 0.04231 | −0.297% | $586K | $330K | 5x | as long as short |
| Aster SANDUSDT | −0.0492% | 8h | 0.04234 | −0.239% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0439% | 8h | 0.04224 | −0.473% | $333K | $141K | 75x | as long as short |
| Variational Omni SAND | −0.0424% | 8h | 0.04220 | −0.564% | $115K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0410% | 8h | 0.04236 | −0.191% | $6.9M | $13.6M | 75x | as long as short |
| MEXC SAND_USDT | −0.0410% | 8h | 0.04236 | −0.191% | $11.3M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0408% | 1h | 0.04235 | −0.218% | $6K | $193K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0357% | 8h | 0.04225 | −0.450% | $2.6M | $387K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0272% | 8h | 0.04236 | −0.191% | $1.7M | $3.3M | 50x | as long as short |
| Bitget SANDUSDT | −0.0258% | 8h | 0.04229 | −0.356% | $1.8M | $550K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
BloFin SAND-USDT
Variational Omni SAND
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
KuCoin SANDUSDTM
OKX SAND-USDT-SWAP
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0120% | 8h | 0.04235 | −0.214% | $3.6M | $4.0M | 75x | as long as short |
| Kraken Futures PF_SANDUSDlong | −0.0087% | 1h | 0.04244 | long leg | $161K | $109K | 25x | |
| Gate SAND_USDT | −0.0086% | 8h | 0.04230 | −0.332% | $492K | $690K | 75x | as long as short |
| BingX SAND-USDTshort | −0.0082% | 8h | 0.04233 | −0.261% | — | $2.4M | — | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.712% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP