Funding you earn now, next payment 00:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.020%
Price spread now: Binance against Bybit+0.024%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.024%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04152 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $3.3M | $3.2M | 75x |
| Short | Binance SANDUSDT | 0.04153 | 0.0039 | get 0.0039% / 8h | 2h 04m | $6.5M | $12.3M | 75x |
Bybit SANDUSDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$12.78
- Price spread: +0.024% → +0.015%
- $0.94
- Slippage, 4 orders
- −$40.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.83
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 6 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 Bybit live order book, 3 min ago | 1.20 bp | 17.8 bp −$18 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.20 bp | 13.9 bp −$14 | 29.9 bp −$299 | 221.4 bp −$22.1K | 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 | −0.0144% | 8h | 0.04153 | +0.020% | $113K | $4K | — | as long as short |
| Bitget SANDUSDT | −0.0049% | 8h | 0.04159 | +0.169% | $1.7M | $545K | 10x | as long as short |
| Aster SANDUSDT | −0.0043% | 8h | 0.04152 | 0.000% | $13K | $18K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0033% | 8h | 0.04153 | +0.024% | $2.6M | $371K | 50x | as long as short |
| Hyperliquid SAND | −0.0019% | 1h | 0.04149 | −0.065% | $571K | $446K | 5x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.554% | $757 | $795 | 5.5x | as long as short |
| Binance SANDUSDTshort | +0.0039% | 8h | 0.04153 | +0.024% | $6.5M | $12.3M | 75x | |
| Extended SAND-USD | +0.0040% | 1h | 0.04153 | +0.027% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0041% | 8h | 0.04152 | 0.000% | $11.6M | $1.7M | 200x | as long as short |
| BloFin SAND-USDT | +0.0068% | 8h | 0.04157 | +0.120% | $322K | $291K | 75x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
Aster SANDUSDT
KuCoin SANDUSDTM
Hyperliquid SAND
Injective SAND/USDC PERP
Extended SAND-USD
MEXC SAND_USDT
BloFin SAND-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | +0.0100% | 8h | 0.04152 | long leg | $3.3M | $3.2M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04152 | 0.000% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04157 | +0.120% | $463K | $578K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04153 | +0.024% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0285% | 1h | 0.04158 | +0.135% | $155K | $100K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD