Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.043%
Price spread now: KuCoin against Bitget−0.096%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.096%, 7d avg +0.048%
=Funding pays, the price is against you. KuCoin is 0.145% cheaper against Bitget than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.048%). If the spread goes back, that is −$14 on $10k: about 23 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SANDUSDT | 0.04151 | −0.0223 | get 0.0223% / 8h | 2h 23m | $1.7M | $551K | 10x |
| Short | KuCoin SANDUSDTM | 0.04147 | −0.0202 | pay 0.0202% / 8h | 2h 23m | $2.5M | $353K | 50x |
Bitget SANDUSDT
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- $4.41
- Price spread: −0.096% → +0.048%
- −$14.47
- Slippage, 4 orders
- −$134.72
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$168.78
- Costs to cover
- 1.587%
- Break-even
- 274.9 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 4 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 Bitget live order book, 4 min ago | 2.42 bp | 34.1 bp −$34 | 59.7 bp −$597 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.09 bp | 48.6 bp −$49 | 165.6 bp −$1,656 | 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 | −0.0397% | 8h | 0.04143 | −0.197% | $113K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0371% | 8h | 0.04155 | +0.106% | $14K | $16K | 10x | as long as short |
| Hyperliquid SAND | −0.0294% | 1h | 0.04146 | −0.128% | $574K | $325K | 5x | as long as short |
| BloFin SAND-USDT | −0.0288% | 8h | 0.04146 | −0.120% | $326K | $137K | 75x | as long as short |
| Extended SAND-USD | −0.0280% | 1h | 0.04147 | −0.098% | $3K | $225K | 10x | as long as short |
| MEXC SAND_USDT | −0.0277% | 8h | 0.04148 | −0.072% | $11.3M | $1.9M | 200x | as long as short |
| Binance SANDUSDT | −0.0276% | 8h | 0.04153 | +0.048% | $6.6M | $12.7M | 75x | as long as short |
| Bitget SANDUSDTlong | −0.0223% | 8h | 0.04151 | long leg | $1.7M | $551K | 10x | |
| KuCoin SANDUSDTMshort | −0.0202% | 8h | 0.04147 | −0.096% | $2.5M | $353K | 50x | |
| OKX SAND-USDT-SWAP | −0.0179% | 8h | 0.04149 | −0.048% | $1.6M | $3.1M | 50x | as long as short |
Variational Omni SAND
Aster SANDUSDT
Hyperliquid SAND
BloFin SAND-USDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDT
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0069% | 8h | 0.04151 | 0.000% | $3.4M | $3.7M | 75x | as long as short |
| BingX SAND-USDT | −0.0047% | 8h | 0.04151 | 0.000% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0046% | 8h | 0.04151 | 0.000% | $466K | $663K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.530% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04156 | +0.115% | $156K | $104K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD