Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.004%
Price spread now: Gate against Bybit−0.048%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.048%, 7d avg +0.052%
=Funding pays, the price is against you. Gate is 0.100% cheaper against Bybit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.052%). If the spread goes back, that is −$10 on $10k: about 12 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SANDUSDT | 0.04171 | −0.0093 | get 0.0093% / 8h | 5h 31m | $3.4M | $3.4M | 75x |
| Short | Gate SAND_USDT | 0.04169 | −0.0064 | pay 0.0064% / 8h | 5h 31m | $456K | $619K | 75x |
Bybit SANDUSDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $6.07
- Price spread: −0.048% → +0.052%
- −$10.01
- Slippage, 4 orders
- −$60.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$90.23
- Costs to cover
- 0.863%
- Break-even
- 111.1 days
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 30 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, 1 min ago | 1.20 bp | 14.0 bp −$14 | 37.4 bp −$374 | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 3.61 bp | 31.1 bp −$31 | 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 | −0.0359% | 8h | 0.04164 | −0.163% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0225% | 1h | 0.04168 | −0.070% | $576K | $344K | 5x | as long as short |
| Aster SANDUSDT | −0.0175% | 8h | 0.04170 | −0.016% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDTlong | −0.0093% | 8h | 0.04171 | long leg | $3.4M | $3.4M | 75x | |
| Extended SAND-USD | −0.0072% | 1h | 0.04171 | −0.005% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0070% | 8h | 0.04172 | +0.028% | $6.4M | $11.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0070% | 8h | 0.04173 | +0.048% | $11.6M | $1.7M | 200x | as long as short |
| Gate SAND_USDTshort | −0.0064% | 8h | 0.04169 | −0.048% | $456K | $619K | 75x | |
| Bitget SANDUSDT | −0.0062% | 8h | 0.04166 | −0.120% | $1.7M | $547K | 10x | as long as short |
| BloFin SAND-USDT | −0.0056% | 8h | 0.04174 | +0.072% | $321K | $247K | 75x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDT
BloFin SAND-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SANDUSDTM | −0.0017% | 8h | 0.04164 | −0.168% | $2.6M | $371K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.007% | $757 | $795 | 5.5x | as long as short |
| BingX SAND-USDT | +0.0089% | 8h | 0.04170 | −0.024% | — | $2.4M | — | as long as short |
| OKX SAND-USDT-SWAP | +0.0091% | 8h | 0.04174 | +0.072% | $1.7M | $3.1M | 50x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0240% | 1h | 0.04174 | +0.080% | $155K | $103K | 25x | as long as short |
KuCoin SANDUSDTM
Injective SAND/USDC PERP
BingX SAND-USDT
OKX SAND-USDT-SWAP
Kraken Futures PF_SANDUSD