Funding you earn now, next payment 16:00 UTC−0.0151%/8h= −16.5% APRnext payment −$1.51 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.047%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$600.600% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.047%, 7d avg −0.029%
=The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04283 | −0.0333 | get 0.0333% / 8h | 7h 00m | $1.6M | $3.3M | 50x |
| Short | Bybit SANDUSDT | 0.04281 | −0.0484 | pay 0.0484% / 8h | 7h 00m | $3.7M | $4.0M | 75x |
OKX SAND-USDT-SWAP
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$31.71
- Price spread: −0.047% → −0.029%
- −$1.73
- Slippage, 4 orders
- −$39.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$93.44
- Costs to cover
- 0.600%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.34 bp | 18.6 bp −$19 | 873.1 bp −$8,731 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.34 bp | 11.1 bp −$11 | 34.6 bp −$346 | 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 | −0.0781% | 1h | 0.04278 | −0.126% | $589K | $328K | 5x | as long as short |
| Aster SANDUSDT | −0.0611% | 8h | 0.04288 | +0.128% | $15K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0598% | 8h | 0.04274 | −0.205% | $117K | $2K | — | as long as short |
| BloFin SAND-USDT | −0.0537% | 8h | 0.04283 | 0.000% | $338K | $148K | 75x | as long as short |
| Binance SANDUSDT | −0.0537% | 8h | 0.04282 | −0.023% | $7.0M | $14.0M | 75x | as long as short |
| Extended SAND-USD | −0.0536% | 1h | 0.04282 | −0.028% | $3K | $226K | 10x | as long as short |
| MEXC SAND_USDT | −0.0534% | 8h | 0.04284 | +0.023% | $11.4M | $2.0M | 200x | as long as short |
| Bybit SANDUSDTshort | −0.0484% | 8h | 0.04281 | −0.047% | $3.7M | $4.0M | 75x | |
| KuCoin SANDUSDTM | −0.0404% | 8h | 0.04276 | −0.163% | $2.6M | $421K | 50x | as long as short |
| OKX SAND-USDT-SWAPlong | −0.0333% | 8h | 0.04283 | long leg | $1.6M | $3.3M | 50x |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
KuCoin SANDUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDT | −0.0269% | 8h | 0.04277 | −0.140% | $1.8M | $523K | 10x | as long as short |
| Gate SAND_USDT | −0.0235% | 8h | 0.04278 | −0.117% | $510K | $633K | 75x | as long as short |
| BingX SAND-USDT | −0.0183% | 8h | 0.04282 | −0.023% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.596% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04297 | +0.334% | $163K | $106K | 25x | as long as short |
Bitget SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD