Funding you earn now, next payment 08:00 UTC−0.0118%/8h= −12.9% APRnext payment −$1.18 per $10,000 · paid last 24h −0.033%
Price spread now: MEXC against OKX−0.024%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.024%, 7d avg −0.016%
=The price spread sits at its 7-day average of −0.016%, 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 | 0.04179 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $1.8M | $3.2M | 50x |
| Short | MEXC SAND_USDT | 0.04178 | −0.0018 | pay 0.0018% / 8h | 7h 59m | $11.7M | $1.7M | 200x |
OKX SAND-USDT-SWAP
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$24.78
- Price spread: −0.024% → −0.016%
- −$0.84
- Slippage, 4 orders
- −$33.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$73.48
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; MEXC: 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, 3 min ago | 1.20 bp | 15.9 bp −$16 | 395.5 bp −$3,955 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.20 bp | 8.5 bp −$8 | 18.2 bp −$182 | 70.4 bp −$7,036 | 169.3 bp −$84.6K |
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 | −0.0761% | 1h | 0.04185 | +0.144% | $154K | $111K | 25x | as long as short |
| Hyperliquid SAND | −0.0461% | 1h | 0.04175 | −0.101% | $577K | $452K | 5x | as long as short |
| Variational Omni SAND | −0.0240% | 8h | 0.04178 | −0.025% | $114K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0118% | 8h | 0.04184 | +0.126% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0048% | 8h | 0.04176 | −0.072% | $1.7M | $546K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0040% | 8h | 0.04172 | −0.168% | $2.6M | $380K | 50x | as long as short |
| BloFin SAND-USDT | −0.0035% | 8h | 0.04180 | +0.024% | $322K | $293K | 75x | as long as short |
| MEXC SAND_USDTshort | −0.0018% | 8h | 0.04178 | −0.024% | $11.7M | $1.7M | 200x | |
| Extended SAND-USD | −0.0016% | 1h | 0.04177 | −0.054% | $3K | $195K | 10x | as long as short |
| Binance SANDUSDT | −0.0016% | 8h | 0.04178 | −0.033% | $6.6M | $12.5M | 75x | as long as short |
Kraken Futures PF_SANDUSD
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.196% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04180 | +0.024% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04179 | long leg | $1.8M | $3.2M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04182 | +0.072% | $474K | $534K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04182 | +0.072% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT