Funding you earn now, next payment 08:00 UTC−0.0191%/8h= −20.9% APRnext payment −$1.91 per $10,000 · paid last 24h −0.020%
Price spread now: Gate against BingX0.000%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$930.933% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now 0.000%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.021% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.91 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 | 0.04133 | 0.0022 | pay 0.0022% / 8h | 4h 43m | — | $2.4M | — |
| Short | Gate SAND_USDT | 0.04133 | −0.0169 | pay 0.0169% / 8h | 4h 43m | $464K | $626K | 75x |
BingX SAND-USDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$40.11
- Price spread: 0.000% → +0.021%
- −$2.08
- Slippage, 4 orders
- −$68.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$135.45
- Costs to cover
- 0.933%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Gate: live order book, 13 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, 6 min ago | 4.86 bp | 16.7 bp −$17 | 25.6 bp −$256 | 233.3 bp −$23.3K | doesn't fit |
| Sell Gate live order book, 13 min ago | 4.84 bp | 27.5 bp −$27 | doesn't fit | 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 | −0.0361% | 8h | 0.04120 | −0.309% | $112K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0275% | 8h | 0.04136 | +0.064% | $13K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0178% | 8h | 0.04120 | −0.315% | $323K | $215K | 75x | as long as short |
| Gate SAND_USDTshort | −0.0169% | 8h | 0.04133 | 0.000% | $464K | $626K | 75x | |
| Binance SANDUSDT | −0.0163% | 8h | 0.04134 | +0.020% | $6.5M | $12.3M | 75x | as long as short |
| MEXC SAND_USDT | −0.0163% | 8h | 0.04131 | −0.048% | $11.9M | $1.8M | 200x | as long as short |
| Extended SAND-USD | −0.0160% | 1h | 0.04133 | −0.006% | $3K | $173K | 10x | as long as short |
| Bitget SANDUSDT | −0.0099% | 8h | 0.04127 | −0.145% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0090% | 8h | 0.04127 | −0.145% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0028% | 8h | 0.04137 | +0.097% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
KuCoin SANDUSDTM
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0022% | 8h | 0.04128 | −0.121% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDTlong | +0.0022% | 8h | 0.04133 | long leg | — | $2.4M | — | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.097% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0087% | 1h | 0.04123 | −0.249% | $567K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0500% | 1h | 0.04136 | +0.068% | $155K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
Injective SAND/USDC PERP
Hyperliquid SAND
Kraken Futures PF_SANDUSD