Funding you earn now, next payment 08:00 UTC+0.0317%/8h= +34.7% APRnext payment +$3.17 per $10,000 · paid last 24h +0.025%
Price spread now: Gate against MEXC−0.118%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.118%, 7d avg +0.033%
=Funding pays, the price is against you. Gate is 0.152% cheaper against MEXC than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.033%). If the spread goes back, that is −$15 on $10k: about 38 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.075% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04228 | −0.0436 | get 0.0436% / 8h | 20m 15s | $11.2M | $1.9M | 200x |
| Short | Gate SAND_USDT | 0.04223 | −0.0119 | pay 0.0119% / 8h | 20m 15s | $491K | $692K | 75x |
MEXC SAND_USDT
Gate SAND_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $66.57
- Price spread: −0.118% → +0.033%
- −$15.16
- Slippage, 4 orders
- −$65.27
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$32.86
- Costs to cover
- 0.843%
- Break-even
- 10.5 days
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 16 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 | 2.37 bp | 10.5 bp −$10 | 19.4 bp −$194 | 84.4 bp −$8,437 | 137.8 bp −$68.9K |
| Sell Gate live order book, 16 min ago | 3.56 bp | 30.6 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0892% | 1h | 0.04221 | −0.161% | $584K | $333K | 5x | as long as short |
| Aster SANDUSDT | −0.0520% | 8h | 0.04228 | −0.004% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0465% | 8h | 0.04216 | −0.278% | $115K | $4K | — | as long as short |
| BloFin SAND-USDT | −0.0463% | 8h | 0.04216 | −0.284% | $335K | $149K | 75x | as long as short |
| Extended SAND-USD | −0.0440% | 1h | 0.04222 | −0.145% | $6K | $228K | 10x | as long as short |
| Binance SANDUSDT | −0.0438% | 8h | 0.04227 | −0.022% | $6.9M | $13.8M | 75x | as long as short |
| MEXC SAND_USDTlong | −0.0436% | 8h | 0.04228 | long leg | $11.2M | $1.9M | 200x | |
| KuCoin SANDUSDTM | −0.0382% | 8h | 0.04223 | −0.118% | $2.6M | $407K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0281% | 8h | 0.04228 | 0.000% | $1.7M | $3.3M | 50x | as long as short |
| Bitget SANDUSDT | −0.0266% | 8h | 0.04222 | −0.142% | $1.8M | $544K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
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 | −0.0136% | 8h | 0.04227 | −0.024% | $3.6M | $4.0M | 75x | as long as short |
| Gate SAND_USDTshort | −0.0119% | 8h | 0.04223 | −0.118% | $491K | $692K | 75x | |
| BingX SAND-USDT | −0.0091% | 8h | 0.04228 | 0.000% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0087% | 1h | 0.04233 | +0.122% | $160K | $109K | 25x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.342% | $757 | $795 | 5.5x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD
Injective SAND/USDC PERP