Funding you earn now, next payment 08:00 UTC−0.0287%/8h= −31.4% APRnext payment −$2.87 per $10,000 · paid last 24h −0.006%
Price spread now: BloFin against Bybit+0.024%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.024%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.138%, 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 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.87 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 | Bybit SANDUSDT | 0.04215 | −0.0109 | get 0.0109% / 8h | 52m 28s | $3.6M | $4.0M | 75x |
| Short | BloFin SAND-USDT | 0.04216 | −0.0396 | pay 0.0396% / 8h | 52m 28s | $332K | $140K | 75x |
Bybit SANDUSDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$60.31
- Price spread: +0.024% → +0.014%
- $1.02
- Slippage, 4 orders
- −$33.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$115.97
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 27 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, 5 min ago | 2.37 bp | 14.4 bp −$14 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 2.38 bp | 15.4 bp −$15 | 26.7 bp −$267 | 82.4 bp −$8,244 | 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 | −0.1164% | 1h | 0.04210 | −0.109% | $582K | $329K | 5x | as long as short |
| Aster SANDUSDT | −0.0481% | 8h | 0.04216 | +0.015% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0414% | 8h | 0.04211 | −0.090% | $115K | $4K | — | as long as short |
| BloFin SAND-USDTshort | −0.0396% | 8h | 0.04216 | +0.024% | $332K | $140K | 75x | |
| Binance SANDUSDT | −0.0394% | 8h | 0.04214 | −0.022% | $6.8M | $13.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0393% | 8h | 0.04218 | +0.071% | $11.3M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0392% | 1h | 0.04213 | −0.053% | $7K | $169K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0343% | 8h | 0.04216 | +0.024% | $2.6M | $386K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0269% | 8h | 0.04214 | −0.024% | $1.7M | $3.3M | 50x | as long as short |
| Bitget SANDUSDT | −0.0251% | 8h | 0.04208 | −0.166% | $1.8M | $551K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
KuCoin SANDUSDTM
OKX SAND-USDT-SWAP
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | −0.0109% | 8h | 0.04215 | long leg | $3.6M | $4.0M | 75x | |
| Gate SAND_USDT | −0.0090% | 8h | 0.04217 | +0.047% | $488K | $686K | 75x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0087% | 1h | 0.04219 | +0.107% | $160K | $110K | 25x | as long as short |
| BingX SAND-USDT | −0.0063% | 8h | 0.04217 | +0.047% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.040% | $757 | $795 | 5.5x | as long as short |
Gate SAND_USDT
Kraken Futures PF_SANDUSD
BingX SAND-USDT
Injective SAND/USDC PERP