Funding you earn now, next payment 02:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h −0.020%
Price spread now: Kraken Futures against MEXC+0.242%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$990.990% of the position
Funding, last 7 days−0.325%−$33 on $10k
+Price spread, last 3 days (all we have)−0.205%−$21 · spread now +0.242%, 7d avg +0.101%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.141% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.101%. Mind the row above: over the last 7 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.325% in total (about -17.0% a year). A funding rate is set anew for every payment. 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 | 0.04166 | −0.0040 | get 0.0040% / 8h | 6h 21m | $11.4M | $1.7M | 200x |
| Short | Kraken Futures PF_SANDUSD | 0.04176 | 0.0429 | get 0.0054% / 1h | 21m 48s | $155K | $113K | 25x |
MEXC SAND_USDT
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $98.54
- Price spread: +0.242% → +0.101%
- $14.09
- Slippage, 4 orders
- −$85.04
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $13.6
- Costs to cover
- 0.990%
- Break-even
- 6.0 days
Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 46 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, 1 min ago | 1.20 bp | 4.9 bp −$5 | 13.6 bp −$136 | 71.0 bp −$7,100 | 168.8 bp −$84.4K |
| Sell Kraken Futures live order book, 46 min ago | 11.89 bp | 34.0 bp −$34 | 69.9 bp −$699 | 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 | −0.0327% | 8h | 0.04167 | +0.020% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0150% | 8h | 0.04167 | +0.025% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0070% | 8h | 0.04164 | −0.048% | $3.4M | $3.5M | 75x | as long as short |
| Extended SAND-USD | −0.0040% | 1h | 0.04167 | +0.023% | $6K | $171K | 10x | as long as short |
| MEXC SAND_USDTlong | −0.0040% | 8h | 0.04166 | long leg | $11.4M | $1.7M | 200x | |
| Binance SANDUSDT | −0.0038% | 8h | 0.04166 | +0.009% | $6.4M | $12.2M | 75x | as long as short |
| Bitget SANDUSDT | −0.0013% | 8h | 0.04166 | 0.000% | $1.7M | $579K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0005% | 8h | 0.04161 | −0.120% | $2.5M | $375K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.888% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04161 | −0.118% | $572K | $360K | 5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Extended SAND-USD
Binance SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERP
Hyperliquid SANDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04163 | −0.072% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04166 | 0.000% | $460K | $625K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04166 | 0.000% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDshort | +0.0429% | 1h | 0.04176 | +0.242% | $155K | $113K | 25x |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT