SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.17 per $10,000 · paid last 24h +0.020%

Price spread now: BingX against Gate0.000%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now 0.000%, 7d avg −0.020%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.020% dearer against Gate than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.020%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAND_USDT	0.04180	−0.0017	get 0.0017% / 8h	1h 31m	$481K	$667K	75x
Short	BingX SAND-USDT	0.04180	−0.0034	pay 0.0034% / 8h	1h 31m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.57
Price spread: 0.000% → −0.020%: $2.01
Slippage, 4 orders: −$69.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.9
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from Gate: live order book, 10 min ago; BingX: live order book, 7 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 Gate live order book, 10 min ago	3.59 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	3.59 bp	15.3 bp −$15	28.3 bp −$283	145.7 bp −$14.6K	501.0 bp −$250.5K

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	−0.0408%	8h	0.04186	+0.155%	$14K	$16K	10x	as long as short
Variational Omni SAND	−0.0374%	8h	0.04173	−0.161%	$114K	$4K	—	as long as short
Binance SANDUSDT	−0.0321%	8h	0.04180	0.000%	$6.8M	$13.2M	75x	as long as short
Extended SAND-USD	−0.0320%	1h	0.04179	−0.024%	$3K	$206K	10x	as long as short
MEXC SAND_USDT	−0.0316%	8h	0.04177	−0.072%	$11.2M	$1.9M	200x	as long as short
BloFin SAND-USDT	−0.0313%	8h	0.04183	+0.072%	$330K	$139K	75x	as long as short
Bitget SANDUSDT	−0.0234%	8h	0.04176	−0.096%	$1.7M	$552K	10x	as long as short
KuCoin SANDUSDTM	−0.0228%	8h	0.04172	−0.191%	$2.6M	$387K	50x	as long as short
Kraken Futures PF_SANDUSD	−0.0216%	1h	0.04185	+0.118%	$159K	$109K	25x	as long as short
OKX SAND-USDT-SWAP	−0.0198%	8h	0.04181	+0.024%	$1.7M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0049%	8h	0.04182	+0.048%	$3.5M	$3.9M	75x	as long as short
BingX SAND-USDTshort	−0.0034%	8h	0.04180	0.000%	—	$2.4M	—
Hyperliquid SAND	−0.0022%	1h	0.04174	−0.146%	$579K	$327K	5x	as long as short
Gate SAND_USDTlong	−0.0017%	8h	0.04180	long leg	$481K	$667K	75x
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.220%	$757	$795	5.5x	as long as short