Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Binance−0.113%61s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.113%, 7d avg +0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.114% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.221%, so the current rate has only just turned against you. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SANDUSDT | 0.04172 | −0.0005 | get 0.0005% / 8h | 22m 14s | $6.5M | $12.5M | 75x |
| Short | BloFin SAND-USDT | 0.04167 | −0.0030 | pay 0.0030% / 8h | 22m 14s | $323K | $292K | 75x |
Binance SANDUSDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$5.27
- Price spread: −0.113% → +0.001%
- −$11.42
- Slippage, 4 orders
- −$36.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.27
- Costs to cover
- 0.586%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 53 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 Binance live order book, 3 min ago | 1.20 bp | 11.8 bp −$12 | 21.5 bp −$215 | 246.3 bp −$24.6K | doesn't fit |
| Sell BloFin live order book, 53 min ago | 3.60 bp | 14.5 bp −$14 | 26.4 bp −$264 | 84.8 bp −$8,476 | 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 | −0.0242% | 8h | 0.04170 | −0.041% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04172 | +0.001% | $153K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0112% | 8h | 0.04174 | +0.056% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0041% | 8h | 0.04170 | −0.041% | $1.7M | $543K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0033% | 8h | 0.04163 | −0.209% | $2.5M | $381K | 50x | as long as short |
| BloFin SAND-USDTshort | −0.0030% | 8h | 0.04167 | −0.113% | $323K | $292K | 75x | |
| Extended SAND-USD | −0.0008% | 1h | 0.04172 | +0.012% | $3K | $194K | 10x | as long as short |
| Hyperliquid SAND | −0.0008% | 1h | 0.04171 | −0.022% | $575K | $450K | 5x | as long as short |
| Binance SANDUSDTlong | −0.0005% | 8h | 0.04172 | long leg | $6.5M | $12.5M | 75x | |
| MEXC SAND_USDT | 0.0000% | 8h | 0.04172 | +0.007% | $11.7M | $1.7M | 200x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Extended SAND-USD
Hyperliquid SAND
MEXC 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 | −1.024% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0052% | 8h | 0.04171 | −0.017% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04173 | +0.031% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04170 | −0.041% | $473K | $559K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04173 | +0.031% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT