Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.030%
Price spread now: Extended against OKX−0.034%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 3 days (all we have)−0.037%−$4 · spread now −0.034%, 7d avg −0.061%
=Together, before fees−0.119%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.028% dearer against OKX than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.061%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.082% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04123 | 0.0100 | pay 0.0100% / 8h | 4h 29m | $1.7M | $3.2M | 50x |
| Short | Extended SAND-USD | 0.04122 | 0 | get 0.0000% / 1h | 29m 04s | $3K | $194K | 10x |
OKX SAND-USDT-SWAP
Extended SAND-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$21
- Price spread: −0.034% → −0.061%
- $2.77
- Slippage, 4 orders
- −$42.41
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$75.64
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Extended: 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, 2 min ago | 1.21 bp | 17.2 bp −$17 | 160.3 bp −$1,603 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 3.16 bp | 13.7 bp −$14 | 85.6 bp −$856 | 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 | −0.0247% | 8h | 0.04122 | −0.013% | $112K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0184% | 8h | 0.04120 | −0.073% | $1.7M | $549K | 10x | as long as short |
| Binance SANDUSDT | −0.0003% | 8h | 0.04122 | −0.024% | $6.4M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0002% | 8h | 0.04122 | −0.024% | $10.8M | $1.4M | 200x | as long as short |
| Extended SAND-USDshort | 0.0000% | 1h | 0.04122 | −0.034% | $3K | $194K | 10x | |
| Aster SANDUSDT | +0.0002% | 8h | 0.04124 | +0.024% | $13K | $18K | 10x | as long as short |
| BloFin SAND-USDT | +0.0017% | 8h | 0.04125 | +0.049% | $324K | $294K | 75x | as long as short |
| KuCoin SANDUSDTM | +0.0017% | 8h | 0.04117 | −0.146% | $2.6M | $331K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | +0.146% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04121 | −0.041% | $573K | $435K | 5x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Aster SANDUSDT
BloFin SAND-USDT
KuCoin SANDUSDTM
Injective SAND/USDC PERP
Hyperliquid SANDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04122 | −0.024% | $3.3M | $3.1M | 75x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04123 | long leg | $1.7M | $3.2M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04125 | +0.049% | $449K | $574K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04124 | +0.024% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0403% | 1h | 0.04129 | +0.157% | $153K | $95K | 25x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD