Funding you earn now, next payment 00:00 UTC−0.0195%/8h= −21.4% APRnext payment −$1.95 per $10,000 · paid last 24h −0.043%
Price spread now: Bitget against OKX+0.024%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$760.760% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.024%, 7d avg −0.071%
=The price spread pays, funding is against you. Bitget is 0.095% dearer against OKX than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.071%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.95 per $10,000. 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 | OKX SAND-USDT-SWAP | 0.04151 | 0.0100 | pay 0.0100% / 8h | 2h 56m | $1.8M | $3.3M | 50x |
| Short | Bitget SANDUSDT | 0.04152 | −0.0095 | pay 0.0095% / 8h | 2h 56m | $1.7M | $552K | 10x |
OKX SAND-USDT-SWAP
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$40.95
- Price spread: +0.024% → −0.071%
- $9.49
- Slippage, 4 orders
- −$53.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.43
- Costs to cover
- 0.760%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: live order book, just now.
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 | 1.20 bp | 14.4 bp −$14 | 174.9 bp −$1,749 | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 2.41 bp | 23.0 bp −$23 | 40.3 bp −$403 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0164% | 8h | 0.04162 | +0.254% | $113K | $5K | — | as long as short |
| Bitget SANDUSDTshort | −0.0095% | 8h | 0.04152 | +0.024% | $1.7M | $552K | 10x | |
| KuCoin SANDUSDTM | −0.0070% | 8h | 0.04149 | −0.048% | $2.6M | $366K | 50x | as long as short |
| Aster SANDUSDT | −0.0022% | 8h | 0.04153 | +0.048% | $13K | $17K | 10x | as long as short |
| BloFin SAND-USDT | +0.0013% | 8h | 0.04152 | +0.024% | $323K | $288K | 75x | as long as short |
| Extended SAND-USD | +0.0032% | 1h | 0.04153 | +0.036% | $3K | $194K | 10x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.530% | $757 | $795 | 5.5x | as long as short |
| Binance SANDUSDT | +0.0034% | 8h | 0.04149 | −0.038% | $6.5M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | +0.0035% | 8h | 0.04153 | +0.048% | $11.7M | $1.7M | 200x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04148 | −0.065% | $572K | $444K | 5x | as long as short |
Variational Omni SAND
KuCoin SANDUSDTM
Aster SANDUSDT
BloFin SAND-USDT
Extended SAND-USD
Injective SAND/USDC PERP
Binance SANDUSDT
MEXC SAND_USDT
Hyperliquid SANDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04148 | −0.072% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04151 | long leg | $1.8M | $3.3M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04156 | +0.120% | $462K | $571K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04152 | +0.024% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0285% | 1h | 0.04156 | +0.114% | $155K | $96K | 25x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD