SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.046%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.046%, 7d avg +0.002%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAND_USDT	0.04227	−0.0408	get 0.0408% / 8h	42m 53s	$11.3M	$1.9M	200x
Short	Binance SANDUSDT	0.04225	−0.0410	pay 0.0410% / 8h	42m 53s	$6.8M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$0.43
Price spread: −0.046% → +0.002%: −$4.78
Slippage, 4 orders: −$35.6
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.82
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 12 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 MEXC live order book, 5 min ago	1.18 bp	7.6 bp −$8	16.1 bp −$161	70.9 bp −$7,095	116.3 bp −$58.2K
Sell Binance live order book, 12 min ago	1.18 bp	18.0 bp −$18	32.6 bp −$326	210.4 bp −$21.0K	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	−0.1092%	1h	0.04224	−0.073%	$585K	$330K	5x	as long as short
Aster SANDUSDT	−0.0492%	8h	0.04228	+0.028%	$14K	$16K	10x	as long as short
BloFin SAND-USDT	−0.0439%	8h	0.04224	−0.071%	$333K	$141K	75x	as long as short
Variational Omni SAND	−0.0424%	8h	0.04220	−0.161%	$115K	$4K	—	as long as short
Binance SANDUSDTshort	−0.0410%	8h	0.04225	−0.046%	$6.8M	$13.6M	75x
Extended SAND-USD	−0.0408%	1h	0.04225	−0.045%	$4K	$186K	10x	as long as short
MEXC SAND_USDTlong	−0.0408%	8h	0.04227	long leg	$11.3M	$1.9M	200x
KuCoin SANDUSDTM	−0.0356%	8h	0.04222	−0.118%	$2.6M	$387K	50x	as long as short
OKX SAND-USDT-SWAP	−0.0275%	8h	0.04226	−0.024%	$1.7M	$3.3M	50x	as long as short
Bitget SANDUSDT	−0.0258%	8h	0.04220	−0.166%	$1.8M	$550K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0121%	8h	0.04226	−0.024%	$3.6M	$4.0M	75x	as long as short
Gate SAND_USDT	−0.0089%	8h	0.04227	0.000%	$492K	$690K	75x	as long as short
Kraken Futures PF_SANDUSD	−0.0087%	1h	0.04234	+0.173%	$160K	$109K	25x	as long as short
BingX SAND-USDT	−0.0082%	8h	0.04225	−0.047%	—	$2.4M	—	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−2.318%	$757	$795	5.5x	as long as short