SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0129%/8h= −14.1% APRnext payment −$1.29 per $10,000 · paid last 24h −0.057%

Price spread now: Bitget against OKX−0.217%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1001.004% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.227%+$23 · spread now −0.217%, 7d avg −0.074%

Together, before fees+0.261%+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.144% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SAND-USDT-SWAP	0.04142	0.0100	pay 0.0100% / 8h	6h 47m	$1.7M	$3.2M	50x
Short	Bitget SANDUSDT	0.04133	−0.0029	pay 0.0029% / 8h	6h 47m	$1.7M	$588K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$27.09
Price spread: −0.217% → −0.074%: −$14.37
Slippage, 4 orders: −$78.39
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$141.86
Costs to cover: 1.004%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	1.21 bp	15.6 bp −$16	205.2 bp −$2,052	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.63 bp	30.9 bp −$31	62.2 bp −$622	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	−0.0324%	8h	0.04142	−0.003%	$113K	$5K	—	as long as short
Aster SANDUSDT	−0.0182%	8h	0.04146	+0.098%	$13K	$17K	10x	as long as short
Bybit SANDUSDT	−0.0146%	8h	0.04138	−0.097%	$3.4M	$3.5M	75x	as long as short
Extended SAND-USD	−0.0064%	1h	0.04140	−0.047%	$6K	$174K	10x	as long as short
MEXC SAND_USDT	−0.0063%	8h	0.04138	−0.097%	$11.4M	$1.7M	200x	as long as short
Binance SANDUSDT	−0.0062%	8h	0.04139	−0.072%	$6.4M	$12.4M	75x	as long as short
BloFin SAND-USDT	−0.0060%	8h	0.04145	+0.072%	$318K	$290K	75x	as long as short
Bitget SANDUSDTshort	−0.0029%	8h	0.04133	−0.217%	$1.7M	$588K	10x
KuCoin SANDUSDTM	−0.0023%	8h	0.04140	−0.048%	$2.5M	$379K	50x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.314%	$757	$795	5.5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid SAND	+0.0100%	1h	0.04139	−0.070%	$570K	$449K	5x	as long as short
OKX SAND-USDT-SWAPlong	+0.0100%	8h	0.04142	long leg	$1.7M	$3.2M	50x
Gate SAND_USDT	+0.0100%	8h	0.04144	+0.048%	$460K	$616K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04148	+0.145%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0433%	1h	0.04140	−0.045%	$154K	$118K	25x	as long as short