Funding you earn now, next payment 00:00 UTC−0.0142%/8h= −15.5% APRnext payment −$1.42 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX−0.239%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1081.080% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days+0.211%+$21 · spread now −0.239%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.228% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SAND-USDT | 0.04182 | 0.0100 | pay 0.0100% / 8h | 0m 06s | — | $2.4M | — |
| Short | KuCoin SANDUSDTM | 0.04172 | −0.0042 | pay 0.0042% / 8h | 0m 06s | $2.6M | $380K | 50x |
BingX SAND-USDT
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- −$29.82
- Price spread: −0.239% → −0.011%
- −$22.76
- Slippage, 4 orders
- −$86.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$160.61
- Costs to cover
- 1.080%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 7 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 BingX live order book, 8 min ago | 3.59 bp | 13.1 bp −$13 | 23.1 bp −$231 | 186.0 bp −$18.6K | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 9.61 bp | 28.0 bp −$28 | 139.8 bp −$1,398 | 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 | −0.0240% | 8h | 0.04178 | −0.097% | $114K | $5K | — | as long as short |
| Hyperliquid SAND | −0.0152% | 1h | 0.04175 | −0.158% | $577K | $452K | 5x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04187 | +0.115% | $154K | $111K | 25x | as long as short |
| Aster SANDUSDT | −0.0120% | 8h | 0.04184 | +0.041% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0047% | 8h | 0.04177 | −0.120% | $1.7M | $548K | 10x | as long as short |
| KuCoin SANDUSDTMshort | −0.0042% | 8h | 0.04172 | −0.239% | $2.6M | $380K | 50x | |
| BloFin SAND-USDT | −0.0035% | 8h | 0.04180 | −0.048% | $322K | $293K | 75x | as long as short |
| Binance SANDUSDT | −0.0018% | 8h | 0.04179 | −0.075% | $6.6M | $12.5M | 75x | as long as short |
| MEXC SAND_USDT | −0.0018% | 8h | 0.04179 | −0.072% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0016% | 1h | 0.04179 | −0.068% | $3K | $195K | 10x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.267% | $757 | $795 | 5.5x | as long as short |
| Bybit SANDUSDT | +0.0073% | 8h | 0.04180 | −0.048% | $3.3M | $3.4M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04183 | +0.024% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04182 | 0.000% | $474K | $560K | 75x | as long as short |
| BingX SAND-USDTlong | +0.0100% | 8h | 0.04182 | long leg | — | $2.4M | — |
Injective SAND/USDC PERP
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT