Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.67 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Gate+0.217%48s7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as 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−$900.905% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.217%, 7d avg −0.032%
=The price spread pays, funding is against you. BloFin is 0.248% dearer against Gate than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of −0.032%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you. The two prices were read 48 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 | Gate SAND_USDT | 0.04152 | −0.0061 | get 0.0061% / 8h | 4h 24m | $465K | $632K | 75x |
| Short | BloFin SAND-USDT | 0.04161 | −0.0128 | pay 0.0128% / 8h | 4h 24m | $321K | $199K | 75x |
Gate SAND_USDT
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$14.09
- Price spread: +0.217% → −0.032%
- $24.85
- Slippage, 4 orders
- −$63.48
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$79.72
- Costs to cover
- 0.905%
- Break-even
- never at this rate
Slippage from Gate: live order book, 32 min ago; BloFin: live order book, 10 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, 32 min ago | 4.84 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 1.21 bp | 21.3 bp −$21 | 32.3 bp −$323 | 94.7 bp −$9,467 | 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 | −0.0335% | 8h | 0.04150 | −0.043% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0254% | 8h | 0.04155 | +0.074% | $14K | $16K | 10x | as long as short |
| MEXC SAND_USDT | −0.0155% | 8h | 0.04156 | +0.096% | $11.9M | $1.8M | 200x | as long as short |
| Binance SANDUSDT | −0.0152% | 8h | 0.04156 | +0.105% | $6.6M | $12.3M | 75x | as long as short |
| Extended SAND-USD | −0.0152% | 1h | 0.04154 | +0.045% | $3K | $173K | 10x | as long as short |
| BloFin SAND-USDTshort | −0.0128% | 8h | 0.04161 | +0.217% | $321K | $199K | 75x | |
| Hyperliquid SAND | −0.0118% | 1h | 0.04152 | +0.010% | $572K | $326K | 5x | as long as short |
| Bitget SANDUSDT | −0.0102% | 8h | 0.04151 | −0.024% | $1.7M | $547K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0075% | 8h | 0.04149 | −0.072% | $2.5M | $367K | 50x | as long as short |
| Gate SAND_USDTlong | −0.0061% | 8h | 0.04152 | long leg | $465K | $632K | 75x |
Variational Omni SAND
Aster SANDUSDT
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
Hyperliquid SAND
Bitget SANDUSDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0012% | 8h | 0.04157 | +0.120% | $1.7M | $3.2M | 50x | as long as short |
| BingX SAND-USDT | −0.0006% | 8h | 0.04154 | +0.048% | — | $2.4M | — | as long as short |
| Bybit SANDUSDT | +0.0015% | 8h | 0.04156 | +0.096% | $3.4M | $3.5M | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.554% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0497% | 1h | 0.04163 | +0.267% | $156K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Bybit SANDUSDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD