Settings8H · net · $10k
Funding arb · Price arb /

SAND

all SAND markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.024%
Price spread now: KuCoin against Extended−0.116%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.200%+$20 on $10k
Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.116%, 7d avg −0.011%
Together, before fees+0.457%+ Points / potential airdropExtended: Active · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.105% cheaper against Extended than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.011%). If the spread goes back, that is −$10 on $10k: about 7.0 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SAND-USD0.04158−0.0064get 0.0008% / 1h36m 40s$3K$173K10x
ShortKuCoin SANDUSDTM0.04153−0.0014pay 0.0014% / 8h5h 36m$2.5M$373K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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

Funding earned
$10.5
Price spread: −0.116% → −0.011%
−$10.47
Slippage, 4 orders
−$114.27
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$131.24
Costs to cover
1.313%
Break-even
94.5 days
Slippage from Extended: live order book, 25 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 25 min ago3.37 bp13.1 bp −$13100.8 bp −$1,008doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago4.82 bp47.7 bp −$48141.5 bp −$1,415doesn't fitdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0358%8h0.04154−0.087%$114K$4Kas long as short
Hyperliquid SAND−0.0209%1h0.04156−0.043%$574K$344K5xas long as short
Aster SANDUSDT−0.0179%8h0.04162+0.096%$14K$16K10xas long as short
Bybit SANDUSDT−0.0085%8h0.04160+0.053%$3.4M$3.4M75xas long as short
Binance SANDUSDT−0.0070%8h0.04158+0.005%$6.4M$11.8M75xas long as short
Gate SAND_USDT−0.0068%8h0.04158+0.005%$458K$617K75xas long as short
MEXC SAND_USDT−0.0067%8h0.04157−0.019%$11.6M$1.7M200xas long as short
Extended SAND-USDlong−0.0064%1h0.04158long leg$3K$173K10x
Bitget SANDUSDT−0.0064%8h0.04151−0.164%$1.7M$546K10xas long as short
BloFin SAND-USDT−0.0051%8h0.04158+0.005%$319K$246K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SANDUSDTMshort−0.0014%8h0.04153−0.116%$2.5M$373K50x
Injective SAND/USDC PERP+0.0033%1h0.04129−0.693%$757$7955.5xas long as short
OKX SAND-USDT-SWAP+0.0090%8h0.04159+0.029%$1.7M$3.1M50xas long as short
BingX SAND-USDT+0.0094%8h0.04160+0.053%$2.4Mas long as short
Kraken Futures PF_SANDUSD+0.0240%1h0.04166+0.189%$155K$103K25xas long as short