Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h +0.037%
Price spread now: Gate against Bitget+0.024%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1031.030% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.024%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.090%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SANDUSDT | 0.04110 | −0.0101 | get 0.0101% / 8h | 4h 48m | $1.7M | $549K | 10x |
| Short | Gate SAND_USDT | 0.04111 | −0.0204 | pay 0.0204% / 8h | 4h 48m | $461K | $626K | 75x |
Bitget SANDUSDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21.63
- Price spread: +0.024% → +0.090%
- −$6.56
- Slippage, 4 orders
- −$76.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$131.24
- Costs to cover
- 1.030%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 8 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, 3 min ago | 3.64 bp | 22.5 bp −$23 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell Gate live order book, 8 min ago | 4.84 bp | 27.5 bp −$27 | 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 | −0.0371% | 8h | 0.04122 | +0.299% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0277% | 8h | 0.04111 | +0.035% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDTshort | −0.0204% | 8h | 0.04111 | +0.024% | $461K | $626K | 75x | |
| Extended SAND-USD | −0.0168% | 1h | 0.04109 | −0.018% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0166% | 8h | 0.04114 | +0.106% | $6.5M | $12.2M | 75x | as long as short |
| MEXC SAND_USDT | −0.0164% | 8h | 0.04115 | +0.122% | $11.4M | $1.8M | 200x | as long as short |
| BloFin SAND-USDT | −0.0140% | 8h | 0.04111 | +0.024% | $321K | $215K | 75x | as long as short |
| Bitget SANDUSDTlong | −0.0101% | 8h | 0.04110 | long leg | $1.7M | $549K | 10x | |
| KuCoin SANDUSDTM | −0.0096% | 8h | 0.04108 | −0.049% | $2.5M | $366K | 50x | as long as short |
| Bybit SANDUSDT | −0.0047% | 8h | 0.04116 | +0.146% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
BloFin 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 | +0.0025% | 8h | 0.04115 | +0.122% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0029% | 8h | 0.04111 | +0.024% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | +0.462% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04111 | +0.036% | $566K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0503% | 1h | 0.04112 | +0.049% | $154K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Injective SAND/USDC PERP
Hyperliquid SAND
Kraken Futures PF_SANDUSD