SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0179%/8h= −19.6% APRnext payment −$1.79 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Bybit−0.096%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.096%, 7d avg 0.000%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.096% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SANDUSDT	0.04182	−0.0045	get 0.0045% / 8h	1h 32m	$3.5M	$3.9M	75x
Short	KuCoin SANDUSDTM	0.04178	−0.0224	pay 0.0224% / 8h	1h 32m	$2.6M	$387K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$37.5
Price spread: −0.096% → 0.000%: −$9.61
Slippage, 4 orders: −$95.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$165.83
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	2.39 bp	16.0 bp −$16	37.6 bp −$376	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	14.40 bp	36.6 bp −$37	141.5 bp −$1,415	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
Aster SANDUSDT	−0.0408%	8h	0.04187	+0.121%	$14K	$16K	10x	as long as short
Variational Omni SAND	−0.0374%	8h	0.04173	−0.209%	$114K	$4K	—	as long as short
Binance SANDUSDT	−0.0317%	8h	0.04179	−0.066%	$6.8M	$13.2M	75x	as long as short
MEXC SAND_USDT	−0.0315%	8h	0.04180	−0.048%	$11.2M	$1.9M	200x	as long as short
BloFin SAND-USDT	−0.0313%	8h	0.04183	+0.024%	$330K	$139K	75x	as long as short
Extended SAND-USD	−0.0312%	1h	0.04179	−0.074%	$3K	$211K	10x	as long as short
Bitget SANDUSDT	−0.0228%	8h	0.04175	−0.167%	$1.7M	$545K	10x	as long as short
KuCoin SANDUSDTMshort	−0.0224%	8h	0.04178	−0.096%	$2.6M	$387K	50x
Kraken Futures PF_SANDUSD	−0.0216%	1h	0.04187	+0.112%	$159K	$109K	25x	as long as short
OKX SAND-USDT-SWAP	−0.0193%	8h	0.04177	−0.120%	$1.7M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDTlong	−0.0045%	8h	0.04182	long leg	$3.5M	$3.9M	75x
BingX SAND-USDT	−0.0043%	8h	0.04180	−0.048%	—	$2.4M	—	as long as short
Hyperliquid SAND	−0.0038%	1h	0.04176	−0.132%	$579K	$327K	5x	as long as short
Gate SAND_USDT	−0.0018%	8h	0.04182	0.000%	$481K	$667K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.267%	$757	$795	5.5x	as long as short