Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h −0.033%
Price spread now: Binance against OKX−0.024%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days+0.057%+$6 · 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: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04170 | 0.0100 | pay 0.0100% / 8h | 1h 08m | $1.8M | $3.4M | 50x |
| Short | Binance SANDUSDT | 0.04169 | 0.0010 | get 0.0010% / 8h | 1h 08m | $6.6M | $12.4M | 75x |
OKX SAND-USDT-SWAP
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$18.98
- Price spread: −0.024% → −0.014%
- −$0.97
- Slippage, 4 orders
- −$40.35
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$80.29
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: 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 OKX live order book, 4 min ago | 1.20 bp | 17.2 bp −$17 | 237.4 bp −$2,374 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.20 bp | 11.5 bp −$11 | 27.5 bp −$275 | 205.6 bp −$20.6K | 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 | −0.0199% | 8h | 0.04167 | −0.061% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0197% | 1h | 0.04164 | −0.141% | $573K | $446K | 5x | as long as short |
| Aster SANDUSDT | −0.0097% | 8h | 0.04169 | −0.017% | $14K | $18K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0080% | 1h | 0.04171 | +0.018% | $156K | $102K | 25x | as long as short |
| Bitget SANDUSDT | −0.0035% | 8h | 0.04161 | −0.216% | $1.7M | $543K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0030% | 8h | 0.04164 | −0.144% | $2.5M | $382K | 50x | as long as short |
| Extended SAND-USD | +0.0008% | 1h | 0.04166 | −0.093% | $3K | $194K | 10x | as long as short |
| MEXC SAND_USDT | +0.0009% | 8h | 0.04167 | −0.072% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDTshort | +0.0010% | 8h | 0.04169 | −0.024% | $6.6M | $12.4M | 75x | |
| BloFin SAND-USDT | +0.0022% | 8h | 0.04168 | −0.048% | $322K | $292K | 75x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Kraken Futures PF_SANDUSD
Bitget SANDUSDT
KuCoin SANDUSDTM
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.983% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0100% | 8h | 0.04166 | −0.096% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04170 | long leg | $1.8M | $3.4M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04170 | 0.000% | $463K | $571K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04170 | 0.000% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT