Funding you earn now, next payment 08:00 UTC+0.0248%/8h= +27.1% APRnext payment +$2.48 per $10,000 · paid last 24h +0.025%
Price spread now: Gate against Binance−0.048%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$930.930% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.048%, 7d avg +0.032%
=Funding pays, the price is against you. Gate is 0.080% cheaper against Binance than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.032%). If the spread goes back, that is −$8 on $10k: about 26 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.077% in total) that is about 7.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.48 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 | Binance SANDUSDT | 0.04183 | −0.0272 | get 0.0272% / 8h | 2h 14m | $6.7M | $12.8M | 75x |
| Short | Gate SAND_USDT | 0.04181 | −0.0024 | pay 0.0024% / 8h | 2h 14m | $470K | $664K | 75x |
Binance SANDUSDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $52.06
- Price spread: −0.048% → +0.032%
- −$7.95
- Slippage, 4 orders
- −$67.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.87
- Costs to cover
- 0.930%
- Break-even
- 13.6 days
Slippage from Binance: live order book, 11 min ago; Gate: live order book, 32 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, 11 min ago | 1.20 bp | 14.0 bp −$14 | 24.7 bp −$247 | 335.9 bp −$33.6K | doesn't fit |
| Sell Gate live order book, 32 min ago | 3.58 bp | 30.6 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0395% | 1h | 0.04179 | −0.100% | $579K | $326K | 5x | as long as short |
| Variational Omni SAND | −0.0376% | 8h | 0.04175 | −0.184% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0365% | 8h | 0.04185 | +0.045% | $14K | $16K | 10x | as long as short |
| Extended SAND-USD | −0.0272% | 1h | 0.04179 | −0.098% | $3K | $223K | 10x | as long as short |
| Binance SANDUSDTlong | −0.0272% | 8h | 0.04183 | long leg | $6.7M | $12.8M | 75x | |
| MEXC SAND_USDT | −0.0271% | 8h | 0.04181 | −0.048% | $11.3M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0268% | 8h | 0.04180 | −0.072% | $325K | $138K | 75x | as long as short |
| Bitget SANDUSDT | −0.0222% | 8h | 0.04180 | −0.072% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0186% | 8h | 0.04176 | −0.167% | $2.6M | $354K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0172% | 8h | 0.04182 | −0.024% | $1.7M | $3.2M | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0054% | 8h | 0.04181 | −0.048% | $3.4M | $3.7M | 75x | as long as short |
| BingX SAND-USDT | −0.0039% | 8h | 0.04181 | −0.048% | — | $2.4M | — | as long as short |
| Gate SAND_USDTshort | −0.0024% | 8h | 0.04181 | −0.048% | $470K | $664K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.291% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0111% | 1h | 0.04190 | +0.165% | $157K | $104K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD