Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.022%
Price spread now: Binance against BloFin+0.129%321s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days−0.216%−$22 on $10k
+Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.129%, 7d avg −0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.130% dearer against BloFin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 321 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04145 | −0.0060 | get 0.0060% / 8h | 6h 43m | $318K | $290K | 75x |
| Short | Binance SANDUSDT | 0.04150 | −0.0061 | pay 0.0061% / 8h | 6h 43m | $6.4M | $12.4M | 75x |
BloFin SAND-USDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$0.3
- Price spread: +0.129% → −0.001%
- $12.97
- Slippage, 4 orders
- −$38.52
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.85
- Costs to cover
- 0.605%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 21 min ago; Binance: live order book, 11 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 BloFin live order book, 21 min ago | 2.38 bp | 9.5 bp −$9 | 16.5 bp −$165 | 86.0 bp −$8,604 | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.21 bp | 15.0 bp −$15 | 31.3 bp −$313 | 216.6 bp −$21.7K | 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 | −0.0322% | 8h | 0.04137 | −0.184% | $113K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0181% | 8h | 0.04148 | +0.072% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0147% | 8h | 0.04151 | +0.145% | $3.4M | $3.5M | 75x | as long as short |
| Extended SAND-USD | −0.0064% | 1h | 0.04149 | +0.106% | $6K | $174K | 10x | as long as short |
| Binance SANDUSDTshort | −0.0061% | 8h | 0.04150 | +0.129% | $6.4M | $12.4M | 75x | |
| MEXC SAND_USDT | −0.0061% | 8h | 0.04151 | +0.145% | $11.4M | $1.7M | 200x | as long as short |
| BloFin SAND-USDTlong | −0.0060% | 8h | 0.04145 | long leg | $318K | $290K | 75x | |
| Bitget SANDUSDT | −0.0029% | 8h | 0.04149 | +0.097% | $1.7M | $588K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0023% | 8h | 0.04139 | −0.145% | $2.5M | $379K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.386% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | +0.0100% | 1h | 0.04150 | +0.116% | $571K | $449K | 5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04152 | +0.169% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04143 | −0.048% | $459K | $618K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04149 | +0.097% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0432% | 1h | 0.04151 | +0.148% | $154K | $118K | 25x | as long as short |
Hyperliquid SAND
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD