Funding you earn now, next payment 06:00 UTC−0.0197%/8h= −21.5% APRpaid last 24h −0.031%
Price spread now: Extended against Bybit−0.058%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.058%, 7d avg −0.012%
=Together, before fees−0.042%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.046% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment. 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 | 0.04152 | −0.0067 | get 0.0067% / 8h | 2h 28m | $3.4M | $3.6M | 75x |
| Short | Extended SAND-USD | 0.04150 | −0.0264 | pay 0.0033% / 1h | 28m 48s | $3K | $225K | 10x |
Bybit SANDUSDT
Extended SAND-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$41.29
- Price spread: −0.058% → −0.012%
- −$4.63
- Slippage, 4 orders
- −$39.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$101.04
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 18 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, 4 min ago | 3.60 bp | 15.1 bp −$15 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Extended live order book, 18 min ago | 2.39 bp | 11.6 bp −$12 | 70.7 bp −$707 | 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 | −0.0379% | 8h | 0.04156 | +0.105% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0359% | 8h | 0.04162 | +0.229% | $14K | $16K | 10x | as long as short |
| Hyperliquid SAND | −0.0347% | 1h | 0.04151 | −0.036% | $574K | $325K | 5x | as long as short |
| Binance SANDUSDT | −0.0267% | 8h | 0.04153 | +0.024% | $6.7M | $12.7M | 75x | as long as short |
| BloFin SAND-USDT | −0.0267% | 8h | 0.04162 | +0.241% | $327K | $137K | 75x | as long as short |
| Extended SAND-USDshort | −0.0264% | 1h | 0.04150 | −0.058% | $3K | $225K | 10x | |
| MEXC SAND_USDT | −0.0263% | 8h | 0.04154 | +0.048% | $11.3M | $1.9M | 200x | as long as short |
| Bitget SANDUSDT | −0.0230% | 8h | 0.04148 | −0.096% | $1.7M | $554K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0191% | 8h | 0.04150 | −0.048% | $2.5M | $353K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0178% | 8h | 0.04151 | −0.024% | $1.6M | $3.1M | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Hyperliquid SAND
Binance SANDUSDT
BloFin SAND-USDT
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | −0.0067% | 8h | 0.04152 | long leg | $3.4M | $3.6M | 75x | |
| BingX SAND-USDT | −0.0027% | 8h | 0.04154 | +0.048% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0008% | 8h | 0.04153 | +0.024% | $463K | $653K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.554% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04167 | +0.354% | $156K | $104K | 25x | as long as short |
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD