Funding you earn now, next payment 16:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.073%
Price spread now: Bitget against BingX−0.140%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$880.881% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.140%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.074% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04271 | −0.0184 | get 0.0184% / 8h | 7h 14m | — | $2.4M | — |
| Short | Bitget SANDUSDT | 0.04265 | −0.0258 | pay 0.0258% / 8h | 7h 14m | $1.8M | $532K | 10x |
BingX SAND-USDT
Bitget SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$15.54
- Price spread: −0.140% → −0.066%
- −$7.44
- Slippage, 4 orders
- −$66.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$111.13
- Costs to cover
- 0.881%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 2 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 BingX live order book, 4 min ago | 4.69 bp | 14.2 bp −$14 | 25.9 bp −$259 | 264.5 bp −$26.4K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.35 bp | 30.9 bp −$31 | 48.3 bp −$483 | 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 | −0.0644% | 1h | 0.04270 | −0.030% | $587K | $335K | 5x | as long as short |
| Aster SANDUSDT | −0.0599% | 8h | 0.04272 | +0.014% | $15K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0580% | 8h | 0.04269 | −0.038% | $117K | $4K | — | as long as short |
| MEXC SAND_USDT | −0.0523% | 8h | 0.04270 | −0.023% | $11.4M | $2.0M | 200x | as long as short |
| Binance SANDUSDT | −0.0522% | 8h | 0.04270 | −0.017% | $7.1M | $14.0M | 75x | as long as short |
| Extended SAND-USD | −0.0520% | 1h | 0.04269 | −0.049% | $4K | $223K | 10x | as long as short |
| BloFin SAND-USDT | −0.0515% | 8h | 0.04268 | −0.070% | $338K | $153K | 75x | as long as short |
| Bybit SANDUSDT | −0.0469% | 8h | 0.04271 | 0.000% | $3.7M | $4.1M | 75x | as long as short |
| KuCoin SANDUSDTM | −0.0419% | 8h | 0.04269 | −0.047% | $2.6M | $427K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0319% | 8h | 0.04272 | +0.023% | $1.6M | $3.4M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
BloFin SAND-USDT
Bybit SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDTshort | −0.0258% | 8h | 0.04265 | −0.140% | $1.8M | $532K | 10x | |
| Gate SAND_USDT | −0.0214% | 8h | 0.04271 | 0.000% | $505K | $628K | 75x | as long as short |
| BingX SAND-USDTlong | −0.0184% | 8h | 0.04271 | long leg | — | $2.4M | — | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.325% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04283 | +0.276% | $162K | $104K | 25x | as long as short |
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD