Funding you earn now, next payment 08:00 UTC−0.0266%/8h= −29.1% APRnext payment −$2.66 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against Gate0.000%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$780.782% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now 0.000%, 7d avg −0.033%
=The price spread pays, funding is against you. MEXC is 0.033% dearer against Gate than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.033%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.075% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.66 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 | 0.04161 | 0.0009 | pay 0.0009% / 8h | 2h 31m | $469K | $653K | 75x |
| Short | MEXC SAND_USDT | 0.04161 | −0.0257 | pay 0.0257% / 8h | 2h 31m | $11.4M | $1.9M | 200x |
Gate SAND_USDT
MEXC SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$55.86
- Price spread: 0.000% → −0.033%
- $3.33
- Slippage, 4 orders
- −$59.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$130.73
- Costs to cover
- 0.782%
- Break-even
- never at this rate
Slippage from Gate: live order book, 15 min ago; MEXC: live order book, 2 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, 15 min ago | 3.58 bp | 31.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.20 bp | 8.5 bp −$8 | 18.5 bp −$185 | 92.6 bp −$9,258 | 175.3 bp −$87.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0384% | 1h | 0.04159 | −0.038% | $576K | $325K | 5x | as long as short |
| Variational Omni SAND | −0.0365% | 8h | 0.04174 | +0.321% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0350% | 8h | 0.04168 | +0.169% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0257% | 8h | 0.04158 | −0.072% | $6.7M | $12.7M | 75x | as long as short |
| MEXC SAND_USDTshort | −0.0257% | 8h | 0.04161 | 0.000% | $11.4M | $1.9M | 200x | |
| Extended SAND-USD | −0.0256% | 1h | 0.04156 | −0.122% | $3K | $225K | 10x | as long as short |
| BloFin SAND-USDT | −0.0239% | 8h | 0.04160 | −0.024% | $329K | $137K | 75x | as long as short |
| Bitget SANDUSDT | −0.0233% | 8h | 0.04156 | −0.120% | $1.7M | $554K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0181% | 8h | 0.04156 | −0.120% | $2.5M | $353K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0181% | 8h | 0.04157 | −0.096% | $1.7M | $3.1M | 50x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
Extended SAND-USD
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0056% | 8h | 0.04159 | −0.048% | $3.4M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0027% | 8h | 0.04160 | −0.024% | — | $2.4M | — | as long as short |
| Gate SAND_USDTlong | +0.0009% | 8h | 0.04161 | long leg | $469K | $653K | 75x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.769% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04163 | +0.049% | $156K | $104K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD