Settings8H · net · $10k
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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against MEXC+0.071%79s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.582% of the position
Long on MEXCShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.205%+$21 on $10k
Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.071%, 7d avg −0.011%
Together, before fees+0.082%+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SAND_USDT0.04200−0.0608get 0.0608% / 8h5h 47m$10.9M$1.8M200x
ShortBloFin SAND-USDT0.04203−0.0599pay 0.0599% / 8h5h 47m$339K$151K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.82
Price spread: +0.071% → −0.011%
$8.22
Slippage, 4 orders
−$42.22
Fee MEXC: 2 bp × 2 orders
−$4
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$48.17
Costs to cover
0.582%
Break-even
191.9 days
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.19 bp9.6 bp −$1019.5 bp −$19579.6 bp −$7,956138.8 bp −$69.4K
Sell BloFin live order book, 60 min ago1.18 bp25.6 bp −$2639.0 bp −$390120.9 bp −$12.1Kdoesn't fit

SAND on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0699%8h0.04202+0.058%$115K$652—as long as short
Aster SANDUSDT−0.0678%8h0.04205+0.122%$14K$16K10xas long as short
Binance SANDUSDT−0.0612%8h0.04202+0.049%$6.9M$13.4M75xas long as short
Gate SAND_USDT−0.0611%8h0.04196−0.095%$498K$536K75xas long as short
Extended SAND-USD−0.0608%1h0.04201+0.030%$3K$221K10xas long as short
MEXC SAND_USDTlong−0.0608%8h0.04200long leg$10.9M$1.8M200x
BloFin SAND-USDTshort−0.0599%8h0.04203+0.071%$339K$151K75x
Bybit SANDUSDT−0.0452%8h0.04201+0.024%$3.6M$3.9M75xas long as short
KuCoin SANDUSDTM−0.0424%8h0.04197−0.071%$2.6M$409K50xas long as short
OKX SAND-USDT-SWAP−0.0404%8h0.042000.000%$1.6M$3.0M50xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SANDUSDT−0.0356%8h0.04196−0.095%$1.7M$495K10xas long as short
BingX SAND-USDT−0.0238%8h0.04199−0.024%—$2.4M—as long as short
Hyperliquid SAND−0.0191%1h0.04198−0.045%$577K$281K5xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−1.690%$757$7955.5xas long as short
Kraken Futures PF_SANDUSD+0.0150%1h0.04209+0.218%$160K$105K25xas long as short