Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.2% APRnext payment −$2.40 per $10,000 · paid last 24h −0.022%
Price spread now: BloFin against BingX+0.096%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.096%, 7d avg −0.018%
=The price spread pays, funding is against you. BloFin is 0.114% dearer against BingX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.018%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 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 | BingX SAND-USDT | 0.04158 | −0.0027 | get 0.0027% / 8h | 2h 28m | — | $2.4M | — |
| Short | BloFin SAND-USDT | 0.04162 | −0.0267 | pay 0.0267% / 8h | 2h 28m | $327K | $137K | 75x |
BingX SAND-USDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$50.33
- Price spread: +0.096% → −0.018%
- $11.37
- Slippage, 4 orders
- −$30.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$91.67
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 61 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 BingX live order book, 5 min ago | 3.60 bp | 16.1 bp −$16 | 26.3 bp −$263 | 209.0 bp −$20.9K | doesn't fit |
| Sell BloFin live order book, 61 min ago | 3.57 bp | 9.6 bp −$10 | 18.3 bp −$183 | 85.0 bp −$8,499 | 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 | −0.0379% | 8h | 0.04156 | −0.040% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0359% | 8h | 0.04169 | +0.264% | $14K | $16K | 10x | as long as short |
| Hyperliquid SAND | −0.0353% | 1h | 0.04155 | −0.077% | $575K | $325K | 5x | as long as short |
| Binance SANDUSDT | −0.0267% | 8h | 0.04151 | −0.177% | $6.6M | $12.7M | 75x | as long as short |
| BloFin SAND-USDTshort | −0.0267% | 8h | 0.04162 | +0.096% | $327K | $137K | 75x | |
| Extended SAND-USD | −0.0264% | 1h | 0.04161 | +0.065% | $3K | $225K | 10x | as long as short |
| MEXC SAND_USDT | −0.0263% | 8h | 0.04162 | +0.096% | $11.4M | $1.9M | 200x | as long as short |
| Bitget SANDUSDT | −0.0230% | 8h | 0.04148 | −0.241% | $1.7M | $554K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0191% | 8h | 0.04156 | −0.048% | $2.5M | $353K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0178% | 8h | 0.04153 | −0.120% | $1.7M | $3.1M | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Hyperliquid SAND
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0067% | 8h | 0.04153 | −0.120% | $3.4M | $3.6M | 75x | as long as short |
| BingX SAND-USDTlong | −0.0027% | 8h | 0.04158 | long leg | — | $2.4M | — | |
| Gate SAND_USDT | −0.0008% | 8h | 0.04160 | +0.048% | $464K | $653K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.697% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04167 | +0.209% | $156K | $104K | 25x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD