Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.87 per $10,000 · paid last 24h +0.029%
Price spread now: Bybit against MEXC0.000%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now 0.000%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04153 | −0.0042 | get 0.0042% / 8h | 6h 04m | $11.6M | $1.7M | 200x |
| Short | Bybit SANDUSDT | 0.04153 | −0.0129 | pay 0.0129% / 8h | 6h 04m | $3.4M | $3.4M | 75x |
MEXC SAND_USDT
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$18.34
- Price spread: 0.000% → −0.015%
- $1.46
- Slippage, 4 orders
- −$33.9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$65.78
- Costs to cover
- 0.489%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago | 1.20 bp | 7.5 bp −$8 | 14.5 bp −$145 | 77.0 bp −$7,698 | 174.3 bp −$87.1K |
| Sell Bybit live order book, 2 min ago | 2.41 bp | 16.4 bp −$16 | 39.3 bp −$393 | doesn't fit | doesn't fit |
SAND on 14 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 | −0.0352% | 8h | 0.04153 | −0.005% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0153% | 8h | 0.04158 | +0.119% | $14K | $17K | 10x | as long as short |
| Bybit SANDUSDTshort | −0.0129% | 8h | 0.04153 | 0.000% | $3.4M | $3.4M | 75x | |
| Binance SANDUSDT | −0.0042% | 8h | 0.04154 | +0.024% | $6.4M | $12.0M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0042% | 8h | 0.04153 | long leg | $11.6M | $1.7M | 200x | |
| Extended SAND-USD | −0.0040% | 1h | 0.04153 | −0.002% | $3K | $176K | 10x | as long as short |
| Hyperliquid SAND | −0.0019% | 1h | 0.04148 | −0.116% | $573K | $354K | 5x | as long as short |
| Bitget SANDUSDT | −0.0017% | 8h | 0.04149 | −0.096% | $1.7M | $555K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0015% | 8h | 0.04146 | −0.169% | $2.5M | $376K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.578% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
Extended SAND-USD
Hyperliquid SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04154 | +0.024% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04153 | 0.000% | $458K | $626K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04153 | 0.000% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0431% | 1h | 0.04162 | +0.224% | $155K | $107K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD