Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.016%
Price spread now: BloFin against Bybit+0.048%82s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as 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−$620.624% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.048%, 7d avg +0.023%
=The price spread pays, funding is against you. BloFin is 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.023%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you. The two prices were read 82 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 | Bybit SANDUSDT | 0.04154 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $3.3M | $3.2M | 75x |
| Short | BloFin SAND-USDT | 0.04156 | 0.0064 | get 0.0064% / 8h | 1h 59m | $323K | $291K | 75x |
Bybit SANDUSDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$7.48
- Price spread: +0.048% → +0.023%
- $2.55
- Slippage, 4 orders
- −$39.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$67.29
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 20 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 Bybit live order book, 3 min ago | 1.20 bp | 16.6 bp −$17 | 40.4 bp −$404 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 3.59 bp | 18.0 bp −$18 | 23.3 bp −$233 | 84.6 bp −$8,464 | 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 | −0.0143% | 8h | 0.04152 | −0.040% | $113K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0053% | 1h | 0.04153 | −0.019% | $571K | $446K | 5x | as long as short |
| Aster SANDUSDT | −0.0051% | 8h | 0.04154 | +0.004% | $13K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0041% | 8h | 0.04153 | −0.024% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0037% | 8h | 0.04154 | 0.000% | $2.6M | $372K | 50x | as long as short |
| Extended SAND-USD | +0.0032% | 1h | 0.04154 | +0.012% | $3K | $194K | 10x | as long as short |
| Binance SANDUSDT | +0.0032% | 8h | 0.04155 | +0.031% | $6.5M | $12.3M | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.602% | $757 | $795 | 5.5x | as long as short |
| MEXC SAND_USDT | +0.0034% | 8h | 0.04156 | +0.048% | $11.6M | $1.7M | 200x | as long as short |
| BloFin SAND-USDTshort | +0.0064% | 8h | 0.04156 | +0.048% | $323K | $291K | 75x |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Extended SAND-USD
Binance SANDUSDT
Injective SAND/USDC PERP
MEXC SAND_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTlong | +0.0100% | 8h | 0.04154 | long leg | $3.3M | $3.2M | 75x | |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04157 | +0.072% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04156 | +0.048% | $463K | $578K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04153 | −0.024% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0284% | 1h | 0.04166 | +0.293% | $155K | $96K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD