Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against BloFin−0.096%95s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1241.239% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.186%+$19 · spread now −0.096%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SAND-USDT | 0.04169 | 0.0036 | pay 0.0036% / 8h | 2h 11m | $323K | $292K | 75x |
| Short | KuCoin SANDUSDTM | 0.04165 | −0.0028 | pay 0.0028% / 8h | 2h 11m | $2.6M | $371K | 50x |
BloFin SAND-USDT
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$13.38
- Price spread: −0.096% → −0.045%
- −$5.14
- Slippage, 4 orders
- −$99.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$142.44
- Costs to cover
- 1.239%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; KuCoin: live order book, 5 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 BloFin live order book, 8 min ago | 3.59 bp | 11.7 bp −$12 | 16.6 bp −$166 | 83.3 bp −$8,329 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 9.60 bp | 51.3 bp −$51 | 106.0 bp −$1,060 | 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 | −0.0137% | 8h | 0.04169 | −0.004% | $114K | $5K | — | as long as short |
| Bitget SANDUSDT | −0.0047% | 8h | 0.04166 | −0.072% | $1.7M | $545K | 10x | as long as short |
| KuCoin SANDUSDTMshort | −0.0028% | 8h | 0.04165 | −0.096% | $2.6M | $371K | 50x | |
| Aster SANDUSDT | −0.0024% | 8h | 0.04166 | −0.066% | $14K | $18K | 10x | as long as short |
| Hyperliquid SAND | +0.0005% | 1h | 0.04163 | −0.134% | $573K | $446K | 5x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.959% | $757 | $795 | 5.5x | as long as short |
| BloFin SAND-USDTlong | +0.0036% | 8h | 0.04169 | long leg | $323K | $292K | 75x | |
| Binance SANDUSDT | +0.0051% | 8h | 0.04168 | −0.024% | $6.5M | $12.3M | 75x | as long as short |
| MEXC SAND_USDT | +0.0054% | 8h | 0.04165 | −0.096% | $11.7M | $1.7M | 200x | as long as short |
| Extended SAND-USD | +0.0056% | 1h | 0.04168 | −0.034% | $3K | $194K | 10x | as long as short |
Variational Omni SAND
Bitget SANDUSDT
Aster SANDUSDT
Hyperliquid SAND
Injective SAND/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | +0.0100% | 8h | 0.04165 | −0.096% | $3.3M | $3.2M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04167 | −0.048% | $1.8M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04171 | +0.048% | $465K | $576K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04169 | 0.000% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0284% | 1h | 0.04171 | +0.053% | $156K | $100K | 25x | as long as short |
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT
Kraken Futures PF_SANDUSD