SAND

Alert

Funding spread now, next payment 16:00 UTC+0.0202%/8h

next payment, per $10,000+$2.02paid, last 24h+0.015%paid, last 7 days+0.069%to open and close $10k−$55

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.02 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	Binance SANDUSDT	0.04183	−0.0102	get 0.0102% / 8h	3h 32m	$6.5M	$11.7M	75x
Short	Bybit SANDUSDT	0.04182	0.0100	get 0.0100% / 8h	3h 32m	$3.3M	$2.8M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersRate

Funding earned: $42.36
Slippage, 4 orders: −$34.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.75
Break-even: 9.1 days

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.024%
Avg gap 7d: −0.014%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Binance live order book, 9 min ago	1.19 bp	13.1 bp −$13	23.2 bp −$232	255.6 bp −$25.6K	doesn't fit
Sell Bybit live order book, 1 min ago	1.20 bp	14.9 bp −$15	36.8 bp −$368	doesn't fit	doesn't fit

SAND on 15 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SANDUSD	−0.0358%	1h	$160K	$99K	25x	as long as short
Variational Omni SAND	−0.0256%	8h	$114K	$4K	—	as long as short
Extended SAND-USD	−0.0104%	1h	$4K	$182K	10x	as long as short
MEXC SAND_USDT	−0.0103%	8h	$11.4M	$1.5M	200x	as long as short
Binance SANDUSDTlong	−0.0102%	8h	$6.5M	$11.7M	75x
Bitget SANDUSDT	−0.0019%	8h	$1.8M	$483K	10x	as long as short
BloFin SAND-USDT	+0.0017%	8h	$334K	$250K	75x	as long as short
Aster SANDUSDT	+0.0019%	8h	$18K	$23K	10x	as long as short
Gate SAND_USDT	+0.0021%	8h	$438K	$501K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	$757	$74K	5.5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin SANDUSDTM	+0.0099%	8h	$2.7M	$224K	50x	as long as short
Hyperliquid SAND	+0.0100%	1h	$587K	$324K	5x	as long as short
Bybit SANDUSDTshort	+0.0100%	8h	$3.3M	$2.8M	75x
OKX SAND-USDT-SWAP	+0.0100%	8h	$1.8M	$3.0M	50x	as long as short
BingX SAND-USDT	+0.0100%	8h	—	$2.4M	—	as long as short