Funding you earn now, next payment 08:00 UTC−0.0295%/8h= −32.3% APRnext payment −$2.95 per $10,000 · paid last 24h −0.025%
Price spread now: Binance against Gate−0.048%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$910.905% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.048%, 7d avg −0.031%
=The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04181 | −0.0020 | get 0.0020% / 8h | 1h 34m | $481K | $667K | 75x |
| Short | Binance SANDUSDT | 0.04179 | −0.0315 | pay 0.0315% / 8h | 1h 34m | $6.7M | $13.3M | 75x |
Gate SAND_USDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$62.02
- Price spread: −0.048% → −0.031%
- −$1.65
- Slippage, 4 orders
- −$65.53
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$154.2
- Costs to cover
- 0.905%
- Break-even
- never at this rate
Slippage from Gate: live order book, 7 min ago; Binance: live order book, 6 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 Gate live order book, 7 min ago | 3.59 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.20 bp | 11.6 bp −$12 | 26.9 bp −$269 | 196.0 bp −$19.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0407% | 8h | 0.04184 | +0.083% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0374% | 8h | 0.04173 | −0.185% | $114K | $4K | — | as long as short |
| BloFin SAND-USDT | −0.0315% | 8h | 0.04181 | 0.000% | $329K | $139K | 75x | as long as short |
| Binance SANDUSDTshort | −0.0315% | 8h | 0.04179 | −0.048% | $6.7M | $13.3M | 75x | |
| MEXC SAND_USDT | −0.0314% | 8h | 0.04178 | −0.072% | $11.2M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0312% | 1h | 0.04177 | −0.094% | $3K | $220K | 10x | as long as short |
| Bitget SANDUSDT | −0.0227% | 8h | 0.04175 | −0.144% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0225% | 8h | 0.04178 | −0.072% | $2.6M | $389K | 50x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0216% | 1h | 0.04184 | +0.070% | $159K | $109K | 25x | as long as short |
| OKX SAND-USDT-SWAP | −0.0193% | 8h | 0.04181 | 0.000% | $1.7M | $3.2M | 50x | as long as short |
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
KuCoin SANDUSDTM
Kraken Futures PF_SANDUSD
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0048% | 8h | 0.04179 | −0.048% | $3.5M | $3.9M | 75x | as long as short |
| Hyperliquid SAND | −0.0044% | 1h | 0.04176 | −0.110% | $579K | $327K | 5x | as long as short |
| BingX SAND-USDT | −0.0043% | 8h | 0.04182 | +0.024% | — | $2.4M | — | as long as short |
| Gate SAND_USDTlong | −0.0020% | 8h | 0.04181 | long leg | $481K | $667K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.244% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
Hyperliquid SAND
BingX SAND-USDT
Injective SAND/USDC PERP