Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against OKX−0.048%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.048%, 7d avg −0.029%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04150 | 0.0100 | pay 0.0100% / 8h | 2h 48m | $1.8M | $3.3M | 50x |
| Short | Bybit SANDUSDT | 0.04148 | 0.0100 | get 0.0100% / 8h | 2h 48m | $3.3M | $3.2M | 75x |
OKX SAND-USDT-SWAP
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.048% → −0.029%
- −$1.94
- Slippage, 4 orders
- −$43.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$66.38
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 1.21 bp | 14.2 bp −$14 | 126.5 bp −$1,265 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.21 bp | 15.5 bp −$16 | 42.7 bp −$427 | 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 | −0.0155% | 8h | 0.04142 | −0.192% | $113K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0077% | 8h | 0.04146 | −0.096% | $1.7M | $551K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0061% | 8h | 0.04144 | −0.145% | $2.6M | $366K | 50x | as long as short |
| Aster SANDUSDT | −0.0017% | 8h | 0.04152 | +0.048% | $13K | $18K | 10x | as long as short |
| BloFin SAND-USDT | +0.0022% | 8h | 0.04144 | −0.145% | $321K | $289K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.506% | $757 | $795 | 5.5x | as long as short |
| MEXC SAND_USDT | +0.0043% | 8h | 0.04150 | 0.000% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0046% | 8h | 0.04149 | −0.022% | $6.5M | $12.3M | 75x | as long as short |
| Extended SAND-USD | +0.0048% | 1h | 0.04149 | −0.015% | $3K | $194K | 10x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04147 | −0.084% | $571K | $443K | 5x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
KuCoin SANDUSDTM
Aster SANDUSDT
BloFin SAND-USDT
Injective SAND/USDC PERP
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
Hyperliquid SANDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTshort | +0.0100% | 8h | 0.04148 | −0.048% | $3.3M | $3.2M | 75x | |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04150 | long leg | $1.8M | $3.3M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04151 | +0.024% | $462K | $572K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04148 | −0.048% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0285% | 1h | 0.04155 | +0.122% | $155K | $96K | 25x | as long as short |
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD