SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.061%

Price spread now: Gate against MEXC−0.094%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$840.844% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.094%, 7d avg +0.033%

Together, before fees+0.285%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.128% cheaper against MEXC than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.033%). If the spread goes back, that is −$13 on $10k: about 39 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.113% in total) that is about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAND_USDT	0.04243	−0.0500	get 0.0500% / 8h	7h 39m	$11.3M	$1.9M	200x
Short	Gate SAND_USDT	0.04239	−0.0489	pay 0.0489% / 8h	7h 39m	$496K	$622K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: $2.31
Price spread: −0.094% → +0.033%: −$12.75
Slippage, 4 orders: −$65.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$94.84
Costs to cover: 0.844%
Break-even: 294.4 days

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 57 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	1.18 bp	11.6 bp −$12	19.2 bp −$192	88.0 bp −$8,795	150.9 bp −$75.4K
Sell Gate live order book, 57 min ago	3.56 bp	30.6 bp −$31	doesn't fit	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
Bybit SANDUSDT	−0.0961%	8h	0.04241	−0.047%	$3.6M	$4.2M	75x	as long as short
Hyperliquid SAND	−0.0686%	1h	0.04238	−0.127%	$583K	$337K	5x	as long as short
Aster SANDUSDT	−0.0581%	8h	0.04239	−0.087%	$14K	$18K	10x	as long as short
Variational Omni SAND	−0.0543%	8h	0.04237	−0.134%	$116K	$4K	—	as long as short
BloFin SAND-USDT	−0.0525%	8h	0.04238	−0.118%	$334K	$152K	75x	as long as short
Extended SAND-USD	−0.0504%	1h	0.04241	−0.051%	$6K	$224K	10x	as long as short
Binance SANDUSDT	−0.0502%	8h	0.04242	−0.024%	$7.0M	$14.1M	75x	as long as short
MEXC SAND_USDTlong	−0.0500%	8h	0.04243	long leg	$11.3M	$1.9M	200x
Gate SAND_USDTshort	−0.0489%	8h	0.04239	−0.094%	$496K	$622K	75x
KuCoin SANDUSDTM	−0.0420%	8h	0.04238	−0.118%	$2.6M	$428K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAP	−0.0320%	8h	0.04241	−0.047%	$1.6M	$3.4M	50x	as long as short
Bitget SANDUSDT	−0.0276%	8h	0.04237	−0.141%	$1.8M	$547K	10x	as long as short
BingX SAND-USDT	−0.0189%	8h	0.04243	0.000%	—	$2.4M	—	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−2.687%	$757	$795	5.5x	as long as short
Kraken Futures PF_SANDUSD	+0.0043%	1h	0.04245	+0.052%	$161K	$106K	25x	as long as short