Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC+0.095%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now +0.095%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.093% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04160 | −0.0257 | get 0.0257% / 8h | 2h 30m | $11.4M | $1.9M | 200x |
| Short | Binance SANDUSDT | 0.04164 | −0.0263 | pay 0.0263% / 8h | 2h 30m | $6.7M | $12.7M | 75x |
MEXC SAND_USDT
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- −$1.33
- Price spread: +0.095% → +0.001%
- $9.33
- Slippage, 4 orders
- −$31.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.15
- Costs to cover
- 0.452%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Binance: 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 MEXC live order book, 3 min ago | 1.20 bp | 7.6 bp −$8 | 14.6 bp −$146 | 81.2 bp −$8,115 | 163.6 bp −$81.8K |
| Sell Binance live order book, 10 min ago | 1.20 bp | 16.1 bp −$16 | 30.2 bp −$302 | 206.9 bp −$20.7K | 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 | −0.0379% | 8h | 0.04156 | −0.088% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0362% | 1h | 0.04160 | 0.000% | $576K | $325K | 5x | as long as short |
| Aster SANDUSDT | −0.0355% | 8h | 0.04169 | +0.211% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0267% | 8h | 0.04157 | −0.072% | $326K | $137K | 75x | as long as short |
| Extended SAND-USD | −0.0264% | 1h | 0.04160 | −0.001% | $3K | $225K | 10x | as long as short |
| Binance SANDUSDTshort | −0.0263% | 8h | 0.04164 | +0.095% | $6.7M | $12.7M | 75x | |
| MEXC SAND_USDTlong | −0.0257% | 8h | 0.04160 | long leg | $11.4M | $1.9M | 200x | |
| Bitget SANDUSDT | −0.0232% | 8h | 0.04156 | −0.096% | $1.7M | $554K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0187% | 8h | 0.04155 | −0.120% | $2.5M | $353K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0180% | 8h | 0.04160 | 0.000% | $1.7M | $3.1M | 50x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
BloFin SAND-USDT
Extended SAND-USD
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 | −0.0064% | 8h | 0.04159 | −0.024% | $3.4M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0027% | 8h | 0.04162 | +0.048% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0002% | 8h | 0.04160 | 0.000% | $469K | $653K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.745% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04167 | +0.176% | $156K | $104K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD