Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.031%
Price spread now: KuCoin against Binance−0.141%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 7 days+0.117%+$12 · spread now −0.141%, 7d avg −0.012%
=Funding pays, the price is against you. KuCoin is 0.129% cheaper against Binance than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.012%). If the spread goes back, that is −$13 on $10k: about 5.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SANDUSDT | 0.04120 | −0.0167 | get 0.0167% / 8h | 4h 46m | $6.5M | $12.2M | 75x |
| Short | KuCoin SANDUSDTM | 0.04114 | −0.0094 | pay 0.0094% / 8h | 4h 46m | $2.5M | $366K | 50x |
Binance SANDUSDT
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $15.27
- Price spread: −0.141% → −0.012%
- −$12.88
- Slippage, 4 orders
- −$105.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$125.35
- Costs to cover
- 1.277%
- Break-even
- 64.5 days
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 6 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 Binance live order book, 9 min ago | 1.21 bp | 8.5 bp −$8 | 21.7 bp −$217 | 301.7 bp −$30.2K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 14.58 bp | 50.0 bp −$50 | 172.6 bp −$1,726 | 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 | −0.0371% | 8h | 0.04122 | +0.060% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0278% | 8h | 0.04121 | +0.026% | $13K | $16K | 10x | as long as short |
| Gate SAND_USDT | −0.0190% | 8h | 0.04122 | +0.053% | $462K | $626K | 75x | as long as short |
| BloFin SAND-USDT | −0.0173% | 8h | 0.04114 | −0.141% | $322K | $215K | 75x | as long as short |
| Extended SAND-USD | −0.0168% | 1h | 0.04119 | −0.022% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDTlong | −0.0167% | 8h | 0.04120 | long leg | $6.5M | $12.2M | 75x | |
| MEXC SAND_USDT | −0.0165% | 8h | 0.04120 | +0.005% | $11.4M | $1.8M | 200x | as long as short |
| Bitget SANDUSDT | −0.0103% | 8h | 0.04118 | −0.044% | $1.7M | $549K | 10x | as long as short |
| KuCoin SANDUSDTMshort | −0.0094% | 8h | 0.04114 | −0.141% | $2.5M | $366K | 50x | |
| Bybit SANDUSDT | −0.0039% | 8h | 0.04120 | +0.005% | $3.4M | $3.4M | 75x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Gate SAND_USDT
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDT
Bybit SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | +0.0020% | 8h | 0.04121 | +0.029% | $1.6M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0022% | 8h | 0.04118 | −0.044% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | +0.223% | $757 | $795 | 5.5x | as long as short |
| Hyperliquid SAND | +0.0100% | 1h | 0.04118 | −0.046% | $567K | $327K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0501% | 1h | 0.04123 | +0.088% | $154K | $106K | 25x | as long as short |
OKX SAND-USDT-SWAP
BingX SAND-USDT
Injective SAND/USDC PERP
Hyperliquid SAND
Kraken Futures PF_SANDUSD