Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.90 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX0.000%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days+0.009%+$1 · 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: +$3 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 | 0.04194 | −0.0047 | get 0.0047% / 8h | 4h 01m | $1.7M | $3.2M | 50x |
| Short | BingX SAND-USDT | 0.04194 | 0.0043 | get 0.0043% / 8h | 4h 01m | — | $2.4M | — |
OKX SAND-USDT-SWAP
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $18.94
- Price spread: 0.000% → −0.014%
- $1.36
- Slippage, 4 orders
- −$46.9
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$46.6
- Costs to cover
- 0.669%
- Break-even
- 24.2 days
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago | 1.19 bp | 16.5 bp −$17 | 89.7 bp −$897 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.58 bp | 16.7 bp −$17 | 34.3 bp −$343 | 171.0 bp −$17.1K | 585.0 bp −$292.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0391% | 1h | 0.04192 | −0.060% | $578K | $326K | 5x | as long as short |
| Variational Omni SAND | −0.0319% | 8h | 0.04175 | −0.447% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0251% | 8h | 0.04197 | +0.064% | $14K | $16K | 10x | as long as short |
| Bitget SANDUSDT | −0.0162% | 8h | 0.04192 | −0.048% | $1.7M | $555K | 10x | as long as short |
| Extended SAND-USD | −0.0160% | 1h | 0.04196 | +0.043% | $6K | $178K | 10x | as long as short |
| Binance SANDUSDT | −0.0158% | 8h | 0.04197 | +0.072% | $6.7M | $12.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0156% | 8h | 0.04193 | −0.024% | $11.8M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0131% | 8h | 0.04175 | −0.453% | $324K | $200K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0084% | 8h | 0.04195 | +0.024% | $2.6M | $358K | 50x | as long as short |
| OKX SAND-USDT-SWAPlong | −0.0047% | 8h | 0.04194 | long leg | $1.7M | $3.2M | 50x |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Bitget SANDUSDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDT | +0.0014% | 8h | 0.04195 | +0.024% | $468K | $636K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.550% | $757 | $795 | 5.5x | as long as short |
| BingX SAND-USDTshort | +0.0043% | 8h | 0.04194 | 0.000% | — | $2.4M | — | |
| Bybit SANDUSDT | +0.0044% | 8h | 0.04200 | +0.143% | $3.5M | $3.5M | 75x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0492% | 1h | 0.04199 | +0.118% | $157K | $106K | 25x | as long as short |
Gate SAND_USDT
Injective SAND/USDC PERP
Bybit SANDUSDT
Kraken Futures PF_SANDUSD