ArbiLayer

SAND arbitrage

live

Live The Sandbox price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.63%Variational → Bybit · Perp–Perp
Best perp–perp spread+0.79%Variational → Bybit
Markets tracked1711 venues · 9 perp · 7 spot · 1 DEX
Price range0.98%$0.0737 – $0.0744

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.0742Bybit logoBybit$0.0743 +0.18%-0.02% +0.11%— -0.191%-7.18% LS Chart →
Gate logoGatespot$0.0742OKX logoOKX$0.0742 +0.11%-0.09% +0.04%— -0.382%-6.07% LS Chart →
Gate logoGatespot$0.0742Binance logoBinance$0.0742 +0.07%-0.13% -0.05%— -0.367%-4.58% LS Chart →
Gate logoGatespot$0.0742KuCoin logoKuCoin$0.0742 +0.07%-0.13% -0.04%— -0.333%-4.39% LS Chart →
Gate logoGatespot$0.0742MEXC logoMEXC$0.0742 +0.05%-0.15% -0.07%— -0.367%-4.60% LS Chart →
Gate logoGatespot$0.0742Bitget logoBitget$0.0742 +0.01%-0.19% -0.11%— -0.362%-4.92% LS Chart →
Bitget logoBitgetspot$0.0743Bybit logoBybit$0.0743 +0.01%-0.19% -0.05%— -0.191%-7.18% LS Chart →
MEXC logoMEXCspot$0.0743Bybit logoBybit$0.0743 -0.01%-0.21% -0.08%— -0.191%-7.18% LS Chart →
Gate logoGatespot$0.0742Aster logoAster$0.0742 -0.01%-0.21% -0.13%— -0.338%-4.54% LS Chart →
Binance logoBinancespot$0.0743Bybit logoBybit$0.0743 -0.04%-0.24% -0.10%— -0.191%-7.18% LS Chart →
Bitget logoBitgetspot$0.0743OKX logoOKX$0.0742 -0.05%-0.25% -0.12%— -0.382%-6.07% LS Chart →
Gate logoGatespot$0.0742Hyperliquid logoHyperliquid$0.0741 -0.07%-0.27% -0.09%— -0.458%-6.75% LS Chart →
MEXC logoMEXCspot$0.0743OKX logoOKX$0.0742 -0.08%-0.28% -0.14%— -0.382%-6.07% LS Chart →
Bitget logoBitgetspot$0.0743Binance logoBinance$0.0742 -0.09%-0.29% -0.22%— -0.367%-4.58% LS Chart →
Bitget logoBitgetspot$0.0743KuCoin logoKuCoin$0.0742 -0.09%-0.29% -0.21%— -0.333%-4.39% LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

SAND price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · SAND-USDT-SWAPPerpetual $0.0742$0.0743$0.0743+0.04% -0.382%$207.11M
Bybit logoBybitPerpetual · SANDUSDTPerpetual $0.0743$0.0743$0.0743+0.12% -0.191%$73.59M
MEXC logoMEXCPerpetual · SAND_USDTPerpetual $0.0742$0.0742$0.0742-0.02% -0.367%$26.08M
Bitget logoBitgetPerpetual · SANDUSDTPerpetual $0.0742$0.0742$0.0742-0.06% -0.362%$20.77M
OKX logoOKXSpot · SAND-USDTSpot $0.0743$0.0744$0.0744+0.17% —$7.02M
Hyperliquid logoHyperliquidPerpetual · SANDPerpetual $0.0741$0.0742$0.0742-0.08% -0.458%$6.51M
Gate logoGateSpot · SAND_USDTSpot $0.0741$0.0742$0.0741-0.12% —$5.37M
Bybit logoBybitSpot · SANDUSDTSpot $0.0744$0.0744$0.0744+0.23% —$4.96M
KuCoin logoKuCoinPerpetual · SANDUSDTMPerpetual $0.0742$0.0743$0.0742+0.01% -0.333%$3.51M
KuCoin logoKuCoinSpot · SAND-USDTSpot $0.0743$0.0744$0.0744+0.21% —$2.07M
Bitget logoBitgetSpot · SANDUSDTSpot $0.0743$0.0743$0.0743+0.06% —$1.52M
Variational logoVariationalPerpetual · SANDPerpetual $0.0736$0.0737$0.0737-0.75% -0.202%$471.2K
Uniswap · Ethereum logoUniswap · EthereumDEX pool · ethereum · 0x3845…a5d0DEX pool $0.0736$0.074$0.0738-0.60% —$127.7K
Binance logoBinancePerpetual · SANDUSDTPerpetual $0.0742$0.0742$0.0742-0.01% -0.367%—
Aster logoAsterPerpetual · SANDUSDTPerpetual $0.0742$0.0743$0.0742-0.01% -0.338%—
Binance logoBinanceSpot · SANDUSDTSpot $0.0743$0.0743$0.0743+0.12% ——
MEXC logoMEXCSpot · SANDUSDTSpot $0.0741$0.0743$0.0742-0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

SAND arbitrage explained

Right now The Sandbox (SAND) trades on 11 venues we scan: 9 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on Variational perp at $0.0737 and the highest bid on Bybit spot at $0.0744.

The widest SAND perpetual spread is between Variational and Bybit: long SAND on Variational at $0.0737 and short on Bybit at $0.0743 for +0.79% gross, or +0.63% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.011% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best SAND route is to buy spot on Gate and short the perpetual on Bybit: +0.18% gross, -0.02% net, with -0.191% a day of funding on the short leg.

Spot–spot SAND arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows +0.28% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small SAND gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: SAND funding rates · SAND spread charts · The Sandbox price · arbitrage scanner for all coins.

Is there a SAND arbitrage opportunity right now?

The best SAND route right now is to buy on Variational → sell on Bybit (Perp–Perp): +0.79% gross and +0.63% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest SAND?

Variational (perp) has the lowest SAND ask at $0.0737, and Bybit (spot) the highest bid at $0.0744. Prices update every 15 seconds on this page.

How many exchanges list SAND?

ArbiLayer tracks 17 SAND markets on 11 venues: 9 perpetual, 7 spot and 1 DEX pool.

How do I arbitrage SAND without transferring coins?

Use two perpetual contracts: go long SAND on the cheaper exchange (Variational now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +17.63%CRO +15.63%POWER +15.46%UPC +7.61%OPENAI +6.14%ONE +5.76%ESPORTS +5.53%FLYBRAIN +5.49%COOL +3.63%ANTHROPIC +3.46%SPCX +3.34%EGLD +3.16%ZIL +2.99%OURA +2.85%STAMP +2.77%CATE +2.72%H100 +2.33%AI +2.31%