Funding you earn now, next payment 08:00 UTC+0.0136%/8h= +14.9% APRnext payment +$1.36 per $10,000 · paid last 24h +0.044%
Price spread now: BingX against MEXC+0.024%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days+0.185%+$18 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now +0.024%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.022% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04155 | −0.0036 | get 0.0036% / 8h | 5h 55m | $11.6M | $1.7M | 200x |
| Short | BingX SAND-USDT | 0.04156 | 0.0100 | get 0.0100% / 8h | 5h 55m | — | $2.4M | — |
MEXC SAND_USDT
BingX SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $28.56
- Price spread: +0.024% → +0.002%
- $2.18
- Slippage, 4 orders
- −$36.61
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$19.86
- Costs to cover
- 0.506%
- Break-even
- 11.9 days
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 9 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 | 2.41 bp | 9.1 bp −$9 | 24.5 bp −$245 | 87.1 bp −$8,715 | 187.0 bp −$93.5K |
| Sell BingX live order book, 9 min ago | 3.60 bp | 19.1 bp −$19 | 35.5 bp −$355 | 149.8 bp −$15.0K | 780.1 bp −$390.0K |
SAND on 14 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 | −0.0340% | 8h | 0.04170 | +0.356% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0148% | 8h | 0.04161 | +0.135% | $14K | $16K | 10x | as long as short |
| Hyperliquid SAND | −0.0131% | 1h | 0.04156 | +0.012% | $575K | $359K | 5x | as long as short |
| Bybit SANDUSDT | −0.0077% | 8h | 0.04157 | +0.048% | $3.4M | $3.4M | 75x | as long as short |
| Extended SAND-USD | −0.0040% | 1h | 0.04151 | −0.098% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0037% | 8h | 0.04158 | +0.072% | $6.4M | $11.9M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0036% | 8h | 0.04155 | long leg | $11.6M | $1.7M | 200x | |
| Bitget SANDUSDT | −0.0022% | 8h | 0.04160 | +0.120% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTM | +0.0021% | 8h | 0.04152 | −0.072% | $2.5M | $375K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.626% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Hyperliquid SAND
Bybit SANDUSDT
Extended SAND-USD
Binance SANDUSDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04158 | +0.072% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04158 | +0.072% | $459K | $613K | 75x | as long as short |
| BingX SAND-USDTshort | +0.0100% | 8h | 0.04156 | +0.024% | — | $2.4M | — | |
| Kraken Futures PF_SANDUSD | +0.0241% | 1h | 0.04160 | +0.123% | $154K | $104K | 25x | as long as short |
OKX SAND-USDT-SWAP
Gate SAND_USDT
Kraken Futures PF_SANDUSD