Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.58 per $10,000 · paid last 24h +0.035%
Price spread now: BloFin against Bitget−0.145%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$780.785% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.145%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.202% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.057%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SANDUSDT | 0.04130 | −0.0107 | get 0.0107% / 8h | 4h 40m | $1.7M | $549K | 10x |
| Short | BloFin SAND-USDT | 0.04124 | −0.0165 | pay 0.0165% / 8h | 4h 40m | $322K | $215K | 75x |
Bitget SANDUSDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$12.2
- Price spread: −0.145% → +0.057%
- −$20.21
- Slippage, 4 orders
- −$54.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$110.88
- Costs to cover
- 0.785%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 59 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 Bitget live order book, 1 min ago | 3.65 bp | 26.0 bp −$26 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 1.20 bp | 18.9 bp −$19 | 25.5 bp −$255 | 89.0 bp −$8,903 | 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 | −0.0359% | 8h | 0.04121 | −0.224% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0281% | 8h | 0.04130 | −0.008% | $13K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0169% | 8h | 0.04134 | +0.096% | $6.5M | $12.3M | 75x | as long as short |
| MEXC SAND_USDT | −0.0169% | 8h | 0.04136 | +0.145% | $11.9M | $1.8M | 200x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04133 | +0.080% | $3K | $173K | 10x | as long as short |
| BloFin SAND-USDTshort | −0.0165% | 8h | 0.04124 | −0.145% | $322K | $215K | 75x | |
| Gate SAND_USDT | −0.0161% | 8h | 0.04134 | +0.097% | $464K | $627K | 75x | as long as short |
| Bitget SANDUSDTlong | −0.0107% | 8h | 0.04130 | long leg | $1.7M | $549K | 10x | |
| KuCoin SANDUSDTM | −0.0096% | 8h | 0.04124 | −0.145% | $2.5M | $368K | 50x | as long as short |
| Bybit SANDUSDT | −0.0034% | 8h | 0.04129 | −0.024% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Gate SAND_USDT
KuCoin SANDUSDTM
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0002% | 8h | 0.04131 | +0.024% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0014% | 8h | 0.04132 | +0.048% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.024% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0081% | 1h | 0.04129 | −0.029% | $568K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0501% | 1h | 0.04123 | −0.162% | $154K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Injective SAND/USDC PERP
Hyperliquid SAND
Kraken Futures PF_SANDUSD