Funding you earn now, next payment 04:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.087%
Price spread now: Injective against MEXC+0.413%85s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.413% dearer against MEXC than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04112 | −0.0164 | get 0.0164% / 8h | 4h 47m | $11.4M | $1.8M | 200x |
| Short | Injective SAND/USDC PERP | 0.04129 | 0.0033 | get 0.0004% / 1h | 47m 44s | $757 | $795 | 5.5x |
MEXC SAND_USDT
Injective SAND/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $41.44
- Price spread: +0.413% → 0.000%
- $41.34
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $78.76
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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 | 1.21 bp | 4.2 bp −$4 | 13.7 bp −$137 | 77.2 bp −$7,717 | 193.9 bp −$97.0K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0371% | 8h | 0.04122 | +0.250% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0278% | 8h | 0.04116 | +0.104% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0204% | 8h | 0.04115 | +0.073% | $462K | $626K | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04113 | +0.022% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0166% | 8h | 0.04116 | +0.097% | $6.5M | $12.2M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0164% | 8h | 0.04112 | long leg | $11.4M | $1.8M | 200x | |
| BloFin SAND-USDT | −0.0140% | 8h | 0.04111 | −0.024% | $321K | $215K | 75x | as long as short |
| Bitget SANDUSDT | −0.0101% | 8h | 0.04108 | −0.097% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0096% | 8h | 0.04107 | −0.122% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0047% | 8h | 0.04114 | +0.049% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Gate SAND_USDT
Extended SAND-USD
Binance SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0022% | 8h | 0.04118 | +0.146% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0029% | 8h | 0.04112 | 0.000% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERPshort | +0.0033% | 1h | 0.04129 | +0.413% | $757 | $795 | 5.5x | |
| Hyperliquid SAND | +0.0100% | 1h | 0.04111 | −0.027% | $566K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0503% | 1h | 0.04111 | −0.020% | $154K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Hyperliquid SAND
Kraken Futures PF_SANDUSD