Funding you earn now, next payment 16:00 UTC−0.0467%/8h= −51.2% APRnext payment −$4.67 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX+0.071%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.071%, 7d avg −0.029%
=The price spread pays, funding is against you. Bybit is 0.100% dearer against OKX than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.029%): +$10 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.67 per $10,000. 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 | OKX SAND-USDT-SWAP | 0.04223 | −0.0341 | get 0.0341% / 8h | 7h 26m | $1.6M | $3.4M | 50x |
| Short | Bybit SANDUSDT | 0.04226 | −0.0808 | pay 0.0808% / 8h | 7h 26m | $3.6M | $4.2M | 75x |
OKX SAND-USDT-SWAP
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$98.12
- Price spread: +0.071% → −0.029%
- $10.05
- Slippage, 4 orders
- −$40.9
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$149.97
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 1.18 bp | 18.3 bp −$18 | 710.3 bp −$7,103 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.37 bp | 14.4 bp −$14 | 46.0 bp −$460 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTshort | −0.0808% | 8h | 0.04226 | +0.071% | $3.6M | $4.2M | 75x | |
| Aster SANDUSDT | −0.0607% | 8h | 0.04225 | +0.039% | $14K | $19K | 10x | as long as short |
| Hyperliquid SAND | −0.0606% | 1h | 0.04225 | +0.038% | $580K | $338K | 5x | as long as short |
| Variational Omni SAND | −0.0579% | 8h | 0.04227 | +0.102% | $116K | $4K | — | as long as short |
| Gate SAND_USDT | −0.0556% | 8h | 0.04231 | +0.189% | $498K | $625K | 75x | as long as short |
| Extended SAND-USD | −0.0528% | 1h | 0.04222 | −0.029% | $6K | $224K | 10x | as long as short |
| Binance SANDUSDT | −0.0528% | 8h | 0.04224 | +0.024% | $7.0M | $14.1M | 75x | as long as short |
| MEXC SAND_USDT | −0.0527% | 8h | 0.04225 | +0.047% | $11.3M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0502% | 8h | 0.04224 | +0.024% | $338K | $151K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0437% | 8h | 0.04231 | +0.189% | $2.6M | $428K | 50x | as long as short |
Aster SANDUSDT
Hyperliquid SAND
Variational Omni SAND
Gate SAND_USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin SAND-USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAPlong | −0.0341% | 8h | 0.04223 | long leg | $1.6M | $3.4M | 50x | |
| Bitget SANDUSDT | −0.0279% | 8h | 0.04220 | −0.071% | $1.8M | $537K | 10x | as long as short |
| BingX SAND-USDT | −0.0198% | 8h | 0.04223 | 0.000% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.226% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04236 | +0.313% | $161K | $105K | 25x | as long as short |
Bitget SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD