Funding you earn now, next payment 08:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.77 per $10,000 · paid last 24h +0.029%
Price spread now: Bybit against MEXC−0.024%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$500.505% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now −0.024%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04139 | −0.0062 | get 0.0062% / 8h | 6h 45m | $11.4M | $1.7M | 200x |
| Short | Bybit SANDUSDT | 0.04138 | −0.0139 | pay 0.0139% / 8h | 6h 45m | $3.4M | $3.5M | 75x |
MEXC SAND_USDT
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$16.22
- Price spread: −0.024% → −0.015%
- −$0.95
- Slippage, 4 orders
- −$35.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.64
- Costs to cover
- 0.505%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 7 min ago; Bybit: 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 MEXC live order book, 7 min ago | 1.21 bp | 8.2 bp −$8 | 17.2 bp −$172 | 82.6 bp −$8,258 | 173.6 bp −$86.8K |
| Sell Bybit live order book, 2 min ago | 1.21 bp | 16.5 bp −$17 | 52.3 bp −$523 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0322% | 8h | 0.04137 | −0.040% | $113K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0181% | 8h | 0.04142 | +0.069% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDTshort | −0.0139% | 8h | 0.04138 | −0.024% | $3.4M | $3.5M | 75x | |
| Extended SAND-USD | −0.0064% | 1h | 0.04138 | −0.030% | $6K | $174K | 10x | as long as short |
| Binance SANDUSDT | −0.0062% | 8h | 0.04139 | +0.003% | $6.4M | $12.4M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0062% | 8h | 0.04139 | long leg | $11.4M | $1.7M | 200x | |
| BloFin SAND-USDT | −0.0060% | 8h | 0.04145 | +0.145% | $318K | $290K | 75x | as long as short |
| Bitget SANDUSDT | −0.0029% | 8h | 0.04133 | −0.145% | $1.7M | $588K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0021% | 8h | 0.04136 | −0.072% | $2.5M | $379K | 50x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.242% | $757 | $795 | 5.5x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
Binance SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Injective SAND/USDC PERPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | +0.0100% | 1h | 0.04136 | −0.077% | $569K | $449K | 5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04139 | 0.000% | $1.7M | $3.2M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04139 | 0.000% | $459K | $618K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04140 | +0.024% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0433% | 1h | 0.04143 | +0.104% | $154K | $118K | 25x | as long as short |
Hyperliquid SAND
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD