Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against BloFin0.000%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$580.582% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now 0.000%, 7d avg −0.025%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.025% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04164 | −0.0005 | get 0.0005% / 8h | 24m 46s | $323K | $292K | 75x |
| Short | Bybit SANDUSDT | 0.04164 | 0.0051 | get 0.0051% / 8h | 24m 46s | $3.3M | $3.4M | 75x |
BloFin SAND-USDT
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $11.7
- Price spread: 0.000% → −0.025%
- $2.55
- Slippage, 4 orders
- −$35.22
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.97
- Costs to cover
- 0.582%
- Break-even
- 33.3 days
Slippage from BloFin: live order book, 50 min ago; Bybit: live order book, 3 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, 50 min ago | 3.60 bp | 16.8 bp −$17 | 20.7 bp −$207 | 84.3 bp −$8,427 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.39 bp | 13.8 bp −$14 | 42.3 bp −$423 | 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 | −0.0242% | 8h | 0.04170 | +0.145% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04168 | +0.106% | $153K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0106% | 8h | 0.04173 | +0.225% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0038% | 8h | 0.04167 | +0.072% | $1.7M | $542K | 10x | as long as short |
| Hyperliquid SAND | −0.0027% | 1h | 0.04162 | −0.041% | $574K | $450K | 5x | as long as short |
| KuCoin SANDUSDTM | −0.0025% | 8h | 0.04163 | −0.024% | $2.5M | $380K | 50x | as long as short |
| BloFin SAND-USDTlong | −0.0005% | 8h | 0.04164 | long leg | $323K | $292K | 75x | |
| Binance SANDUSDT | +0.0004% | 8h | 0.04165 | +0.033% | $6.5M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | +0.0007% | 8h | 0.04166 | +0.048% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | +0.0008% | 1h | 0.04165 | +0.023% | $3K | $194K | 10x | as long as short |
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTM
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.841% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDTshort | +0.0051% | 8h | 0.04164 | 0.000% | $3.3M | $3.4M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04165 | +0.024% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04170 | +0.144% | $472K | $559K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04167 | +0.072% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT