Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.59 per $10,000 · paid last 24h −0.013%
Price spread now: Bitget against MEXC−0.168%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days+0.177%+$18 · spread now −0.168%, 7d avg −0.058%
=Funding pays, the price is against you. Bitget is 0.110% cheaper against MEXC than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.058%). If the spread goes back, that is −$11 on $10k: about 6.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04161 | −0.0169 | get 0.0169% / 8h | 4h 29m | $11.9M | $1.8M | 200x |
| Short | Bitget SANDUSDT | 0.04154 | −0.0110 | pay 0.0110% / 8h | 4h 29m | $1.7M | $548K | 10x |
MEXC SAND_USDT
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $12.39
- Price spread: −0.168% → −0.058%
- −$10.97
- Slippage, 4 orders
- −$49.31
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$63.89
- Costs to cover
- 0.653%
- Break-even
- 43.1 days
Slippage from MEXC: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago | 1.21 bp | 8.1 bp −$8 | 13.6 bp −$136 | 75.5 bp −$7,551 | 193.1 bp −$96.5K |
| Sell Bitget live order book, 3 min ago | 3.62 bp | 25.3 bp −$25 | 44.4 bp −$444 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0347% | 8h | 0.04154 | −0.162% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0268% | 8h | 0.04162 | +0.019% | $14K | $16K | 10x | as long as short |
| MEXC SAND_USDTlong | −0.0169% | 8h | 0.04161 | long leg | $11.9M | $1.8M | 200x | |
| Extended SAND-USD | −0.0168% | 1h | 0.04160 | −0.028% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0166% | 8h | 0.04159 | −0.045% | $6.6M | $12.3M | 75x | as long as short |
| BloFin SAND-USDT | −0.0164% | 8h | 0.04159 | −0.048% | $324K | $202K | 75x | as long as short |
| Bitget SANDUSDTshort | −0.0110% | 8h | 0.04154 | −0.168% | $1.7M | $548K | 10x | |
| Gate SAND_USDT | −0.0089% | 8h | 0.04162 | +0.024% | $466K | $629K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0087% | 8h | 0.04156 | −0.120% | $2.5M | $367K | 50x | as long as short |
| Hyperliquid SAND | −0.0081% | 1h | 0.04158 | −0.067% | $572K | $325K | 5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
Binance SANDUSDT
BloFin SAND-USDT
Gate SAND_USDT
KuCoin SANDUSDTM
Hyperliquid SANDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0013% | 8h | 0.04156 | −0.120% | $1.7M | $3.2M | 50x | as long as short |
| BingX SAND-USDT | −0.0012% | 8h | 0.04164 | +0.072% | — | $2.4M | — | as long as short |
| Bybit SANDUSDT | −0.0009% | 8h | 0.04160 | −0.024% | $3.4M | $3.5M | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.769% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0497% | 1h | 0.04162 | +0.030% | $156K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Bybit SANDUSDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD