Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h −0.003%
Price spread now: OKX against BloFin0.000%93s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now 0.000%, 7d avg +0.024%
=Funding pays, the price is against you. OKX is 0.024% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.024%). If the spread goes back, that is −$2 on $10k: about 48 hours of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04182 | 0.0061 | pay 0.0061% / 8h | 39m 42s | $324K | $293K | 75x |
| Short | OKX SAND-USDT-SWAP | 0.04182 | 0.0100 | get 0.0100% / 8h | 39m 42s | $1.8M | $3.4M | 50x |
BloFin SAND-USDT
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. 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
- $8.28
- Price spread: 0.000% → +0.024%
- −$2.36
- Slippage, 4 orders
- −$39.98
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.05
- Costs to cover
- 0.620%
- Break-even
- 54.4 days
Slippage from BloFin: live order book, 35 min ago; OKX: live order book, 3 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 BloFin live order book, 35 min ago | 3.60 bp | 16.8 bp −$17 | 20.7 bp −$207 | 84.3 bp −$8,427 | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.19 bp | 17.7 bp −$18 | 60.9 bp −$609 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0301% | 1h | 0.04178 | −0.086% | $576K | $450K | 5x | as long as short |
| Variational Omni SAND | −0.0197% | 8h | 0.04182 | +0.011% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04185 | +0.075% | $154K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0070% | 8h | 0.04190 | +0.194% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0018% | 8h | 0.04186 | +0.096% | $1.7M | $540K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0001% | 8h | 0.04180 | −0.048% | $2.6M | $383K | 50x | as long as short |
| Binance SANDUSDT | +0.0032% | 8h | 0.04182 | 0.000% | $6.6M | $12.4M | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.267% | $757 | $795 | 5.5x | as long as short |
| Extended SAND-USD | +0.0040% | 1h | 0.04180 | −0.043% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0047% | 8h | 0.04182 | 0.000% | $11.7M | $1.7M | 200x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Binance SANDUSDT
Injective SAND/USDC PERP
Extended SAND-USD
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin SAND-USDTlong | +0.0061% | 8h | 0.04182 | long leg | $324K | $293K | 75x | |
| Bybit SANDUSDT | +0.0086% | 8h | 0.04182 | 0.000% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAPshort | +0.0100% | 8h | 0.04182 | 0.000% | $1.8M | $3.4M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04189 | +0.167% | $474K | $557K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04183 | +0.024% | — | $2.4M | — | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT