Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.043%
Price spread now: BingX against Kraken Futures−0.269%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1371.372% of the position
Funding, last 7 days+0.456%+$46 on $10k
+Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.269%, 7d avg −0.090%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.179% cheaper against Kraken Futures than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04239 | −0.0087 | get 0.0011% / 1h | 13m 47s | $160K | $109K | 25x |
| Short | BingX SAND-USDT | 0.04228 | −0.0093 | pay 0.0093% / 8h | 13m 47s | — | $2.4M | — |
Kraken Futures PF_SANDUSD
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$1.31
- Price spread: −0.269% → −0.090%
- −$17.92
- Slippage, 4 orders
- −$117.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$156.45
- Costs to cover
- 1.372%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 24 min ago; BingX: 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 Kraken Futures live order book, 24 min ago | 31.93 bp | 58.8 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 3.57 bp | 14.7 bp −$15 | 30.6 bp −$306 | 174.2 bp −$17.4K | 437.5 bp −$218.7K |
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 | −0.0938% | 1h | 0.04226 | −0.307% | $585K | $334K | 5x | as long as short |
| Aster SANDUSDT | −0.0525% | 8h | 0.04233 | −0.139% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0467% | 8h | 0.04227 | −0.296% | $116K | $4K | — | as long as short |
| BloFin SAND-USDT | −0.0454% | 8h | 0.04226 | −0.316% | $333K | $150K | 75x | as long as short |
| Binance SANDUSDT | −0.0445% | 8h | 0.04229 | −0.236% | $6.9M | $13.8M | 75x | as long as short |
| Extended SAND-USD | −0.0440% | 1h | 0.04229 | −0.254% | $6K | $228K | 10x | as long as short |
| MEXC SAND_USDT | −0.0436% | 8h | 0.04233 | −0.151% | $11.3M | $1.9M | 200x | as long as short |
| KuCoin SANDUSDTM | −0.0372% | 8h | 0.04226 | −0.316% | $2.6M | $405K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0294% | 8h | 0.04230 | −0.222% | $1.7M | $3.4M | 50x | as long as short |
| Bitget SANDUSDT | −0.0261% | 8h | 0.04225 | −0.340% | $1.8M | $542K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAP
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0135% | 8h | 0.04229 | −0.245% | $3.6M | $4.0M | 75x | as long as short |
| Gate SAND_USDT | −0.0118% | 8h | 0.04229 | −0.245% | $493K | $693K | 75x | as long as short |
| BingX SAND-USDTshort | −0.0093% | 8h | 0.04228 | −0.269% | — | $2.4M | — | |
| Kraken Futures PF_SANDUSDlong | −0.0087% | 1h | 0.04239 | long leg | $160K | $109K | 25x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.604% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP