Settings8H · net · $10k
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Funding arb · Price arb /

SAND

all SAND markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0209%/8h= −22.9% APRnext payment −$2.09 per $10,000 · paid last 24h −0.045%
Price spread now: Binance against BingX−0.047%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Long on BingXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.187%−$19 on $10k
Price spread, last 7 days+0.062%+$6 · spread now −0.047%, 7d avg −0.002%
Together, before fees−0.125%−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.045% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SAND-USDT0.042190.0043pay 0.0043% / 8h3h 54m—$2.4M—
ShortBinance SANDUSDT0.04217−0.0166pay 0.0166% / 8h3h 54m$6.7M$12.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$43.88
Price spread: −0.047% → −0.002%
−$4.55
Slippage, 4 orders
−$40.67
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$109.09
Costs to cover
0.607%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Binance: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago3.58 bp15.3 bp −$1524.0 bp −$240213.5 bp −$21.3Kdoesn't fit
Sell Binance live order book, 16 min ago1.20 bp14.8 bp −$1529.9 bp −$299205.0 bp −$20.5Kdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SANDUSD−0.1108%1h0.04233+0.335%$158K$107K25xas long as short
Hyperliquid SAND−0.0556%1h0.04215−0.102%$581K$326K5xas long as short
Variational Omni SAND−0.0318%8h0.04205−0.326%$115K$4K—as long as short
Aster SANDUSDT−0.0257%8h0.04224+0.119%$14K$16K10xas long as short
BloFin SAND-USDT−0.0176%8h0.04223+0.095%$327K$202K75xas long as short
Extended SAND-USD−0.0168%1h0.04218−0.023%$6K$173K10xas long as short
MEXC SAND_USDT−0.0166%8h0.042190.000%$11.7M$1.9M200xas long as short
Binance SANDUSDTshort−0.0166%8h0.04217−0.047%$6.7M$12.4M75x
Bitget SANDUSDT−0.0164%8h0.04214−0.119%$1.7M$555K10xas long as short
KuCoin SANDUSDTM−0.0080%8h0.04213−0.142%$2.6M$358K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0053%8h0.042190.000%$1.7M$3.3M50xas long as short
Gate SAND_USDT+0.0033%8h0.04223+0.095%$479K$639K75xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−2.133%$757$7955.5xas long as short
BingX SAND-USDTlong+0.0043%8h0.04219long leg—$2.4M—
Bybit SANDUSDT+0.0054%8h0.04218−0.024%$3.5M$3.6M75xas long as short