Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.020%
Price spread now: Gate against BingX+0.024%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.024%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04181 | −0.0039 | get 0.0039% / 8h | 2h 17m | — | $2.4M | — |
| Short | Gate SAND_USDT | 0.04182 | −0.0029 | pay 0.0029% / 8h | 2h 17m | $469K | $663K | 75x |
BingX SAND-USDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $2.1
- Price spread: +0.024% → +0.020%
- $0.39
- Slippage, 4 orders
- −$65.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.99
- Costs to cover
- 0.905%
- Break-even
- 300.3 days
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 29 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, 2 min ago | 2.39 bp | 13.9 bp −$14 | 23.7 bp −$237 | 237.6 bp −$23.8K | doesn't fit |
| Sell Gate live order book, 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0384% | 8h | 0.04165 | −0.376% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0364% | 8h | 0.04186 | +0.111% | $14K | $16K | 10x | as long as short |
| Hyperliquid SAND | −0.0359% | 1h | 0.04176 | −0.112% | $578K | $326K | 5x | as long as short |
| Extended SAND-USD | −0.0272% | 1h | 0.04180 | −0.025% | $3K | $223K | 10x | as long as short |
| Binance SANDUSDT | −0.0271% | 8h | 0.04181 | +0.002% | $6.7M | $12.7M | 75x | as long as short |
| MEXC SAND_USDT | −0.0271% | 8h | 0.04181 | 0.000% | $11.3M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0263% | 8h | 0.04182 | +0.024% | $325K | $138K | 75x | as long as short |
| Bitget SANDUSDT | −0.0224% | 8h | 0.04180 | −0.024% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0191% | 8h | 0.04177 | −0.096% | $2.6M | $354K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0168% | 8h | 0.04180 | −0.024% | $1.7M | $3.2M | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Hyperliquid SAND
Extended SAND-USD
Binance SANDUSDT
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 | −0.0057% | 8h | 0.04181 | 0.000% | $3.4M | $3.7M | 75x | as long as short |
| BingX SAND-USDTlong | −0.0039% | 8h | 0.04181 | long leg | — | $2.4M | — | |
| Gate SAND_USDTshort | −0.0029% | 8h | 0.04182 | +0.024% | $469K | $663K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.244% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0111% | 1h | 0.04198 | +0.410% | $158K | $104K | 25x | as long as short |
Bybit SANDUSDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD