Funding you earn now, next payment 08:00 UTC+0.0328%/8h= +35.9% APRnext payment +$3.28 per $10,000 · paid last 24h +0.045%
Price spread now: BingX against MEXC+0.071%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days+0.185%+$19 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.071%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.066% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.185% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.28 per $10,000. 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 | MEXC SAND_USDT | 0.04228 | −0.0410 | get 0.0410% / 8h | 42m 36s | $11.3M | $1.9M | 200x |
| Short | BingX SAND-USDT | 0.04231 | −0.0082 | pay 0.0082% / 8h | 42m 36s | — | $2.4M | — |
MEXC SAND_USDT
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $68.88
- Price spread: +0.071% → +0.005%
- $6.58
- Slippage, 4 orders
- −$41.09
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $20.38
- Costs to cover
- 0.551%
- Break-even
- 4.9 days
Slippage from MEXC: live order book, 6 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 MEXC live order book, 6 min ago | 1.18 bp | 7.6 bp −$8 | 16.1 bp −$161 | 70.9 bp −$7,095 | 116.3 bp −$58.2K |
| 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 | −0.1094% | 1h | 0.04225 | −0.066% | $585K | $330K | 5x | as long as short |
| Aster SANDUSDT | −0.0492% | 8h | 0.04232 | +0.097% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0439% | 8h | 0.04224 | −0.095% | $333K | $141K | 75x | as long as short |
| Variational Omni SAND | −0.0424% | 8h | 0.04220 | −0.185% | $115K | $4K | — | as long as short |
| Binance SANDUSDT | −0.0410% | 8h | 0.04233 | +0.118% | $6.8M | $13.6M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0410% | 8h | 0.04228 | long leg | $11.3M | $1.9M | 200x | |
| Extended SAND-USD | −0.0408% | 1h | 0.04228 | −0.003% | $6K | $193K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0356% | 8h | 0.04222 | −0.142% | $2.6M | $387K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0275% | 8h | 0.04235 | +0.166% | $1.7M | $3.3M | 50x | as long as short |
| Bitget SANDUSDT | −0.0258% | 8h | 0.04228 | 0.000% | $1.8M | $550K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
BloFin SAND-USDT
Variational Omni SAND
Binance SANDUSDT
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 | +0.166% | $3.6M | $4.0M | 75x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0087% | 1h | 0.04234 | +0.149% | $160K | $109K | 25x | as long as short |
| Gate SAND_USDT | −0.0086% | 8h | 0.04230 | +0.047% | $492K | $690K | 75x | as long as short |
| BingX SAND-USDTshort | −0.0082% | 8h | 0.04231 | +0.071% | — | $2.4M | — | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.342% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
Kraken Futures PF_SANDUSD
Gate SAND_USDT
Injective SAND/USDC PERP