SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h +0.013%

Price spread now: MEXC against Bitget+0.169%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.169%, 7d avg +0.058%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.110% dearer against Bitget than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.058%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SANDUSDT	0.04149	−0.0102	get 0.0102% / 8h	4h 24m	$1.7M	$547K	10x
Short	MEXC SAND_USDT	0.04156	−0.0155	pay 0.0155% / 8h	4h 24m	$11.9M	$1.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee MEXCbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$11.13
Price spread: +0.169% → +0.058%: $11.02
Slippage, 4 orders: −$48.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$64.21
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 4 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	2.41 bp	25.7 bp −$26	45.0 bp −$450	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.20 bp	8.8 bp −$9	22.7 bp −$227	91.0 bp −$9,104	142.6 bp −$71.3K

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	−0.0335%	8h	0.04150	+0.030%	$113K	$4K	—	as long as short
Aster SANDUSDT	−0.0254%	8h	0.04155	+0.139%	$14K	$16K	10x	as long as short
MEXC SAND_USDTshort	−0.0155%	8h	0.04156	+0.169%	$11.9M	$1.8M	200x
Binance SANDUSDT	−0.0152%	8h	0.04155	+0.147%	$6.6M	$12.3M	75x	as long as short
Extended SAND-USD	−0.0152%	1h	0.04155	+0.151%	$3K	$173K	10x	as long as short
BloFin SAND-USDT	−0.0128%	8h	0.04161	+0.289%	$321K	$199K	75x	as long as short
Hyperliquid SAND	−0.0120%	1h	0.04152	+0.082%	$572K	$326K	5x	as long as short
Bitget SANDUSDTlong	−0.0102%	8h	0.04149	long leg	$1.7M	$547K	10x
KuCoin SANDUSDTM	−0.0075%	8h	0.04149	0.000%	$2.5M	$367K	50x	as long as short
Gate SAND_USDT	−0.0061%	8h	0.04153	+0.096%	$465K	$632K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAP	−0.0012%	8h	0.04153	+0.096%	$1.7M	$3.2M	50x	as long as short
BingX SAND-USDT	−0.0006%	8h	0.04155	+0.145%	—	$2.4M	—	as long as short
Bybit SANDUSDT	+0.0015%	8h	0.04155	+0.145%	$3.4M	$3.5M	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.482%	$757	$795	5.5x	as long as short
Kraken Futures PF_SANDUSD	+0.0497%	1h	0.04160	+0.272%	$155K	$106K	25x	as long as short