Funding you earn now, next payment 08:00 UTC−0.0134%/8h= −14.7% APRnext payment −$1.34 per $10,000 · paid last 24h −0.045%
Price spread now: Binance against OKX0.000%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.033%+$3 · spread now 0.000%, 7d avg −0.014%
=The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04198 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $1.7M | $3.2M | 50x |
| Short | Binance SANDUSDT | 0.04198 | −0.0034 | pay 0.0034% / 8h | 7h 15m | $6.5M | $12.2M | 75x |
OKX SAND-USDT-SWAP
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$28.16
- Price spread: 0.000% → −0.014%
- $1.44
- Slippage, 4 orders
- −$38.85
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$85.56
- Costs to cover
- 0.588%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 10 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 OKX live order book, 2 min ago | 1.19 bp | 12.4 bp −$12 | 272.2 bp −$2,722 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.20 bp | 14.7 bp −$15 | 32.6 bp −$326 | 226.6 bp −$22.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0758% | 1h | 0.04204 | +0.150% | $156K | $118K | 25x | as long as short |
| Bybit SANDUSDT | −0.0310% | 8h | 0.04197 | −0.024% | $3.4M | $3.4M | 75x | as long as short |
| Variational Omni SAND | −0.0297% | 8h | 0.04188 | −0.242% | $114K | $5K | — | as long as short |
| Hyperliquid SAND | −0.0213% | 1h | 0.04193 | −0.129% | $578K | $454K | 5x | as long as short |
| Aster SANDUSDT | −0.0138% | 8h | 0.04192 | −0.141% | $14K | $17K | 10x | as long as short |
| Bitget SANDUSDT | −0.0046% | 8h | 0.04193 | −0.119% | $1.7M | $574K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0042% | 8h | 0.04186 | −0.286% | $2.6M | $373K | 50x | as long as short |
| Extended SAND-USD | −0.0040% | 1h | 0.04197 | −0.022% | $3K | $174K | 10x | as long as short |
| MEXC SAND_USDT | −0.0036% | 8h | 0.04197 | −0.024% | $11.7M | $1.8M | 200x | as long as short |
| Binance SANDUSDTshort | −0.0034% | 8h | 0.04198 | 0.000% | $6.5M | $12.2M | 75x |
Kraken Futures PF_SANDUSD
Bybit SANDUSDT
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Extended SAND-USD
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAND-USDT | −0.0014% | 8h | 0.04185 | −0.310% | $320K | $292K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.644% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04198 | long leg | $1.7M | $3.2M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04199 | +0.024% | $506K | $584K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04199 | +0.024% | — | $2.4M | — | as long as short |
BloFin SAND-USDT
Injective SAND/USDC PERP
Gate SAND_USDT
BingX SAND-USDT