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

SAND

all SAND markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against BingX0.000%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$560.559% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 7 days−0.005%$0 · spread now 0.000%, 7d avg +0.013%
Together, before fees−0.119%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SAND-USDT0.041680.0100pay 0.0100% / 8h1h 13m$2.4M
ShortOKX SAND-USDT-SWAP0.041680.0100get 0.0100% / 8h1h 13m$1.8M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: 0.000% → +0.013%
−$1.35
Slippage, 4 orders
−$35.86
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$57.21
Costs to cover
0.559%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; OKX: live order book, 3 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, 10 min ago3.59 bp13.5 bp −$1323.7 bp −$237184.7 bp −$18.5Kdoesn't fit
Sell OKX live order book, 3 min ago2.40 bp14.4 bp −$1444.3 bp −$443doesn't fitdoesn'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
Hyperliquid SAND−0.0240%1h0.04165−0.082%$573K$447K5xas long as short
Variational Omni SAND−0.0207%8h0.04160−0.192%$113K$4Kas long as short
Aster SANDUSDT−0.0109%8h0.04168−0.002%$14K$18K10xas long as short
Kraken Futures PF_SANDUSD−0.0080%1h0.04174+0.135%$154K$100K25xas long as short
Bitget SANDUSDT−0.0047%8h0.04162−0.144%$1.7M$544K10xas long as short
KuCoin SANDUSDTM−0.0044%8h0.04162−0.144%$2.5M$382K50xas long as short
BloFin SAND-USDT−0.0026%8h0.041680.000%$322K$292K75xas long as short
MEXC SAND_USDT−0.0004%8h0.041680.000%$11.7M$1.7M200xas long as short
Binance SANDUSDT−0.0002%8h0.041680.000%$6.6M$12.4M75xas long as short
Extended SAND-USD0.0000%1h0.04167−0.020%$3K$194K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−0.936%$757$7955.5xas long as short
Bybit SANDUSDT+0.0100%8h0.04165−0.072%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAPshort+0.0100%8h0.041680.000%$1.8M$3.4M50x
Gate SAND_USDT+0.0100%8h0.04169+0.024%$463K$570K75xas long as short
BingX SAND-USDTlong+0.0100%8h0.04168long leg$2.4M