Funding you earn now, next payment 16:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.011%
Price spread now: OKX against Gate−0.141%7-day average −0.008% · 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−$112as in the Price arb table
costs, in and out, $10k−$990.989% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.141%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.133% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SAND_USDT | 0.04248 | −0.0330 | get 0.0330% / 8h | 6h 55m | $505K | $567K | 75x |
| Short | OKX SAND-USDT-SWAP | 0.04242 | −0.0334 | pay 0.0334% / 8h | 6h 55m | $1.6M | $3.2M | 50x |
Gate SAND_USDT
OKX SAND-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$0.8
- Price spread: −0.141% → −0.008%
- −$13.32
- Slippage, 4 orders
- −$73.94
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$113.06
- Costs to cover
- 0.989%
- Break-even
- never at this rate
Slippage from Gate: live order book, 36 min ago; OKX: 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, 36 min ago | 3.55 bp | 37.0 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.17 bp | 16.3 bp −$16 | 85.6 bp −$856 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SANDUSDT | −0.0617% | 8h | 0.04251 | +0.080% | $14K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0607% | 8h | 0.04261 | +0.298% | $117K | $2K | — | as long as short |
| BloFin SAND-USDT | −0.0559% | 8h | 0.04249 | +0.024% | $337K | $147K | 75x | as long as short |
| Extended SAND-USD | −0.0544% | 1h | 0.04239 | −0.201% | $3K | $221K | 10x | as long as short |
| Binance SANDUSDT | −0.0543% | 8h | 0.04241 | −0.165% | $7.0M | $13.9M | 75x | as long as short |
| MEXC SAND_USDT | −0.0541% | 8h | 0.04242 | −0.141% | $11.2M | $1.8M | 200x | as long as short |
| Bybit SANDUSDT | −0.0495% | 8h | 0.04243 | −0.118% | $3.7M | $4.0M | 75x | as long as short |
| Hyperliquid SAND | −0.0475% | 1h | 0.04239 | −0.207% | $584K | $330K | 5x | as long as short |
| KuCoin SANDUSDTM | −0.0410% | 8h | 0.04255 | +0.165% | $2.6M | $420K | 50x | as long as short |
| OKX SAND-USDT-SWAPshort | −0.0334% | 8h | 0.04242 | −0.141% | $1.6M | $3.2M | 50x |
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bybit SANDUSDT
Hyperliquid SAND
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SAND_USDTlong | −0.0330% | 8h | 0.04248 | long leg | $505K | $567K | 75x | |
| Bitget SANDUSDT | −0.0273% | 8h | 0.04236 | −0.282% | $1.8M | $519K | 10x | as long as short |
| BingX SAND-USDT | −0.0189% | 8h | 0.04250 | +0.047% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0008% | 1h | 0.04252 | +0.106% | $161K | $106K | 25x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.801% | $757 | $795 | 5.5x | as long as short |
Bitget SANDUSDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERP