Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: OKX against Gate−0.336%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$940.944% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.336%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.331% cheaper against Gate than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04168 | 0.0100 | pay 0.0100% / 8h | 5h 55m | $460K | $613K | 75x |
| Short | OKX SAND-USDT-SWAP | 0.04154 | 0.0100 | get 0.0100% / 8h | 5h 55m | $1.7M | $3.2M | 50x |
Gate SAND_USDT
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $0
- Price spread: −0.336% → −0.004%
- −$33.14
- Slippage, 4 orders
- −$69.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$127.58
- Costs to cover
- 0.944%
- Break-even
- never at this rate
Slippage from Gate: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago | 3.61 bp | 26.8 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.20 bp | 21.1 bp −$21 | 134.4 bp −$1,344 | doesn't fit | doesn't fit |
SAND on 14 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 | −0.0340% | 8h | 0.04170 | +0.043% | $113K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0148% | 1h | 0.04157 | −0.259% | $575K | $359K | 5x | as long as short |
| Aster SANDUSDT | −0.0148% | 8h | 0.04163 | −0.121% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDT | −0.0077% | 8h | 0.04156 | −0.288% | $3.4M | $3.4M | 75x | as long as short |
| Extended SAND-USD | −0.0040% | 1h | 0.04159 | −0.206% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0037% | 8h | 0.04153 | −0.368% | $6.4M | $11.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0036% | 8h | 0.04160 | −0.192% | $11.6M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0022% | 8h | 0.04163 | −0.120% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0021% | 8h | 0.04157 | −0.264% | $2.5M | $375K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.936% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bybit SANDUSDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAPshort | +0.0100% | 8h | 0.04154 | −0.336% | $1.7M | $3.2M | 50x | |
| Gate SAND_USDTlong | +0.0100% | 8h | 0.04168 | long leg | $460K | $613K | 75x | |
| BingX SAND-USDT | +0.0100% | 8h | 0.04160 | −0.192% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0240% | 1h | 0.04175 | +0.171% | $155K | $104K | 25x | as long as short |
BingX SAND-USDT
Kraken Futures PF_SANDUSD