After costs, if the gap returns to its 7d average, $10k−$52
spread now+0.009%7d average−0.014%fees + slippage, in and out−$54spread needed0.541%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SANDUSDT | 0.04132 | −0.0039 | get 0.0039% / 8h | 4h 56m | $6.4M | $12.2M | 75x |
| Short | Bybit SANDUSDT | 0.04132 | 0.0100 | get 0.0100% / 8h | 4h 56m | $3.3M | $3.1M | 75x |
Binance SANDUSDT
Bybit SANDUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.93
- Funding while held
- $4.18
- Slippage, 4 orders
- −$33.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.95
- Spread needed to break even
- 0.541%
Slippage from Binance: live order book, 15 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0139%
- Per $10,000 a day
- +$4.18
- Average in range /8h
- —
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, 15 min ago | 1.21 bp | 11.5 bp −$12 | 21.0 bp −$210 | 252.3 bp −$25.2K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.42 bp | 13.2 bp −$13 | 37.9 bp −$379 | doesn't fit | doesn't fit |
SAND price on every exchange
against the cheapest. Click to use as the short leg.KuCoin0.04128cheapestInjective0.04129+0.024%Hyperliquid0.04131+0.073%OKX0.04131+0.073%Bitget0.04131+0.073%BloFin0.04131+0.073%
KuCoin
Injective
Hyperliquid
OKX
Bitget
BloFinBinance0.04132+0.088%
Bybit0.04132+0.097%
MEXC0.04132+0.097%Extended0.04133+0.112%BingX0.04134+0.145%Aster0.04136+0.198%Kraken Futures0.04139+0.254%Gate0.04139+0.266%Variational Omni0.04142+0.330%
MEXC
Extended
BingX
Aster
Kraken Futures
Gate
Variational OmniSAND on 15 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin SANDUSDTM | −0.088% | +0.0013% | 8h | $2.6M | $329K | 50x | as long as short |
| Injective SAND/USDC PERP | −0.063% | +0.0033% | 1h | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | −0.015% | +0.0100% | 1h | $574K | $435K | 5x | as long as short |
| OKX SAND-USDT-SWAP | −0.015% | +0.0100% | 8h | $1.8M | $3.2M | 50x | as long as short |
| Bitget SANDUSDT | −0.015% | −0.0231% | 8h | $1.7M | $550K | 10x | as long as short |
| BloFin SAND-USDT | −0.015% | −0.0057% | 8h | $324K | $294K | 75x | as long as short |
| Binance SANDUSDTlong | 0.000% | −0.0039% | 8h | $6.4M | $12.2M | 75x | |
| Bybit SANDUSDTshort | +0.009% | +0.0100% | 8h | $3.3M | $3.1M | 75x | |
| MEXC SAND_USDT | +0.009% | −0.0039% | 8h | $10.6M | $1.4M | 200x | as long as short |
| Extended SAND-USD | +0.024% | −0.0040% | 1h | $3K | $194K | 10x | as long as short |
Show all 15 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX SAND-USDT | +0.058% | +0.0100% | 8h | — | $2.4M | — | as long as short |
| Aster SANDUSDT | +0.110% | −0.0007% | 8h | $13K | $28K | 10x | as long as short |
| Kraken Futures PF_SANDUSD | +0.167% | +0.0403% | 1h | $153K | $93K | 25x | as long as short |
| Gate SAND_USDT | +0.179% | +0.0100% | 8h | $448K | $569K | 75x | as long as short |
| Variational Omni SAND | +0.242% | −0.0298% | 8h | $113K | $5K | — | as long as short |