SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0228%/8h= +25.0% APRnext payment +$2.28 per $10,000 · paid last 24h +0.050%

Price spread now: OKX against MEXC+0.024%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.024%, 7d avg +0.018%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.28 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAND_USDT	0.04235	−0.0573	get 0.0573% / 8h	6h 20m	$11.1M	$1.9M	200x
Short	OKX SAND-USDT-SWAP	0.04236	−0.0345	pay 0.0345% / 8h	6h 20m	$1.6M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $47.92
Price spread: +0.024% → +0.018%: $0.56
Slippage, 4 orders: −$40.62
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.13
Costs to cover: 0.546%
Break-even: 7.9 days

Slippage from MEXC: live order book, 6 min ago; OKX: live order book, 5 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, 6 min ago	1.18 bp	12.4 bp −$12	22.0 bp −$220	99.7 bp −$9,975	201.9 bp −$101.0K
Sell OKX live order book, 5 min ago	2.36 bp	15.2 bp −$15	77.6 bp −$776	doesn't fit	doesn't fit

SAND on 15 exchanges

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	−0.0649%	8h	0.04235	−0.009%	$116K	$565	—	as long as short
Aster SANDUSDT	−0.0646%	8h	0.04247	+0.280%	$14K	$19K	10x	as long as short
Extended SAND-USD	−0.0576%	1h	0.04234	−0.028%	$5K	$221K	10x	as long as short
Binance SANDUSDT	−0.0575%	8h	0.04236	+0.024%	$7.0M	$13.7M	75x	as long as short
MEXC SAND_USDTlong	−0.0573%	8h	0.04235	long leg	$11.1M	$1.9M	200x
BloFin SAND-USDT	−0.0567%	8h	0.04247	+0.283%	$339K	$153K	75x	as long as short
Hyperliquid SAND	−0.0557%	1h	0.04233	−0.047%	$581K	$304K	5x	as long as short
Gate SAND_USDT	−0.0444%	8h	0.04243	+0.189%	$504K	$573K	75x	as long as short
Bybit SANDUSDT	−0.0441%	8h	0.04237	+0.047%	$3.6M	$4.0M	75x	as long as short
KuCoin SANDUSDTM	−0.0394%	8h	0.04236	+0.024%	$2.6M	$404K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAPshort	−0.0345%	8h	0.04236	+0.024%	$1.6M	$3.1M	50x
Bitget SANDUSDT	−0.0312%	8h	0.04232	−0.071%	$1.8M	$497K	10x	as long as short
BingX SAND-USDT	−0.0211%	8h	0.04238	+0.071%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0008%	1h	0.04247	+0.285%	$161K	$105K	25x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−2.503%	$757	$795	5.5x	as long as short