Funding you earn now, next payment 08:00 UTC−0.0166%/8h= −18.1% APRnext payment −$1.66 per $10,000 · paid last 24h −0.045%
Price spread now: MEXC against OKX−0.024%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.024%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$5 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 | 0.04246 | −0.0287 | get 0.0287% / 8h | 5m 14s | $1.7M | $3.4M | 50x |
| Short | MEXC SAND_USDT | 0.04245 | −0.0453 | pay 0.0453% / 8h | 5m 14s | $11.3M | $1.9M | 200x |
OKX SAND-USDT-SWAP
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$34.78
- Price spread: −0.024% → −0.017%
- −$0.63
- Slippage, 4 orders
- −$35.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$84.43
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 3 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 | 1.18 bp | 15.6 bp −$16 | 879.2 bp −$8,792 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.18 bp | 8.3 bp −$8 | 19.5 bp −$195 | 76.0 bp −$7,600 | 175.2 bp −$87.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0971% | 1h | 0.04242 | −0.085% | $584K | $337K | 5x | as long as short |
| Aster SANDUSDT | −0.0532% | 8h | 0.04250 | +0.104% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0465% | 8h | 0.04237 | −0.214% | $116K | $4K | — | as long as short |
| Extended SAND-USD | −0.0456% | 1h | 0.04246 | −0.007% | $6K | $228K | 10x | as long as short |
| Binance SANDUSDT | −0.0453% | 8h | 0.04248 | +0.047% | $6.9M | $13.8M | 75x | as long as short |
| MEXC SAND_USDTshort | −0.0453% | 8h | 0.04245 | −0.024% | $11.3M | $1.9M | 200x | |
| BloFin SAND-USDT | −0.0451% | 8h | 0.04251 | +0.118% | $336K | $151K | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0391% | 8h | 0.04253 | +0.165% | $2.6M | $405K | 50x | as long as short |
| OKX SAND-USDT-SWAPlong | −0.0287% | 8h | 0.04246 | long leg | $1.7M | $3.4M | 50x | |
| Bitget SANDUSDT | −0.0266% | 8h | 0.04246 | 0.000% | $1.8M | $548K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
Extended SAND-USD
Binance SANDUSDT
BloFin SAND-USDT
KuCoin SANDUSDTM
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0134% | 8h | 0.04249 | +0.071% | $3.6M | $4.1M | 75x | as long as short |
| Gate SAND_USDT | −0.0119% | 8h | 0.04252 | +0.141% | $497K | $697K | 75x | as long as short |
| BingX SAND-USDT | −0.0098% | 8h | 0.04248 | +0.047% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0086% | 1h | 0.04256 | +0.226% | $161K | $108K | 25x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.756% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERP