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 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.033%
Price spread now: OKX against MEXC+0.048%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Long on MEXCShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 7 days−0.085%−$9 · spread now +0.048%, 7d avg +0.016%
Together, before fees−0.010%−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.032% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SAND_USDT0.041930.0050pay 0.0050% / 8h44m 07s$11.7M$1.7M200x
ShortOKX SAND-USDT-SWAP0.041950.0100get 0.0100% / 8h44m 07s$1.8M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$10.5
Price spread: +0.048% → +0.016%
$3.22
Slippage, 4 orders
−$29.74
Fee MEXC: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$30.02
Costs to cover
0.437%
Break-even
27.0 days
Slippage from MEXC: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago1.19 bp6.7 bp −$713.7 bp −$13773.7 bp −$7,365181.8 bp −$90.9K
Sell OKX live order book, 3 min ago2.39 bp16.4 bp −$1647.4 bp −$474doesn't fitdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid SAND−0.0270%1h0.04191−0.041%$578K$451K5xas long as short
Variational Omni SAND−0.0185%8h0.04189−0.084%$114K$4K—as long as short
Kraken Futures PF_SANDUSD−0.0139%1h0.04197+0.101%$154K$106K25xas long as short
Aster SANDUSDT−0.0053%8h0.04194+0.033%$14K$18K10xas long as short
Bitget SANDUSDT+0.0002%8h0.04189−0.095%$1.7M$540K10xas long as short
KuCoin SANDUSDTM+0.0010%8h0.04188−0.119%$2.6M$383K50xas long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−1.526%$757$7955.5xas long as short
Extended SAND-USD+0.0048%1h0.04191−0.044%$3K$194K10xas long as short
BloFin SAND-USDT+0.0048%8h0.041930.000%$323K$294K75xas long as short
MEXC SAND_USDTlong+0.0050%8h0.04193long leg$11.7M$1.7M200x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SANDUSDT+0.0050%8h0.04194+0.034%$6.6M$12.4M75xas long as short
Bybit SANDUSDT+0.0100%8h0.04191−0.048%$3.4M$3.3M75xas long as short
OKX SAND-USDT-SWAPshort+0.0100%8h0.04195+0.048%$1.8M$3.4M50x
Gate SAND_USDT+0.0100%8h0.04198+0.119%$466K$553K75xas long as short
BingX SAND-USDT+0.0100%8h0.041930.000%—$2.4M—as long as short