Funding you earn now, next payment 16:00 UTC−0.0286%/8h= −31.3% APRnext payment −$2.86 per $10,000 · paid last 24h +0.017%
Price spread now: BloFin against Bitget+0.307%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$940.936% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.410%−$41 · spread now +0.307%, 7d avg +0.051%
=The price spread pays, funding is against you. BloFin is 0.256% dearer against Bitget than usual: you sell high and buy low (spread +0.307% now, against its 7-day average of +0.051%): +$26 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.86 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 | Bitget SANDUSDT | 0.04236 | −0.0273 | get 0.0273% / 8h | 6h 54m | $1.8M | $519K | 10x |
| Short | BloFin SAND-USDT | 0.04249 | −0.0559 | pay 0.0559% / 8h | 6h 54m | $337K | $147K | 75x |
Bitget SANDUSDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$60.1
- Price spread: +0.307% → +0.051%
- $25.63
- Slippage, 4 orders
- −$69.63
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$128.11
- Costs to cover
- 0.936%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 15 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 Bitget live order book, 2 min ago | 3.52 bp | 34.7 bp −$35 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 3.50 bp | 18.4 bp −$18 | 30.3 bp −$303 | 98.8 bp −$9,883 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0617% | 8h | 0.04251 | +0.364% | $14K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0607% | 8h | 0.04261 | +0.582% | $117K | $2K | — | as long as short |
| BloFin SAND-USDTshort | −0.0559% | 8h | 0.04249 | +0.307% | $337K | $147K | 75x | |
| Extended SAND-USD | −0.0544% | 1h | 0.04239 | +0.082% | $3K | $221K | 10x | as long as short |
| Binance SANDUSDT | −0.0543% | 8h | 0.04241 | +0.118% | $7.0M | $13.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0541% | 8h | 0.04242 | +0.142% | $11.2M | $1.8M | 200x | as long as short |
| Bybit SANDUSDT | −0.0495% | 8h | 0.04243 | +0.165% | $3.7M | $4.0M | 75x | as long as short |
| Hyperliquid SAND | −0.0475% | 1h | 0.04239 | +0.076% | $584K | $330K | 5x | as long as short |
| KuCoin SANDUSDTM | −0.0410% | 8h | 0.04255 | +0.449% | $2.6M | $420K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0334% | 8h | 0.04242 | +0.142% | $1.6M | $3.2M | 50x | as long as short |
Aster SANDUSDT
Variational Omni SAND
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bybit SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDT | −0.0330% | 8h | 0.04248 | +0.283% | $505K | $567K | 75x | as long as short |
| Bitget SANDUSDTlong | −0.0273% | 8h | 0.04236 | long leg | $1.8M | $519K | 10x | |
| BingX SAND-USDT | −0.0189% | 8h | 0.04250 | +0.331% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0008% | 1h | 0.04252 | +0.389% | $161K | $106K | 25x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.526% | $757 | $795 | 5.5x | as long as short |
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERP