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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.056%
Price spread now: KuCoin against Injective+0.727%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 0.727% dearer against Injective than usual: you sell high and buy low (spread +0.727% now, against zero (this spread has no 7-day history yet)): +$73 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SAND/USDC PERP0.041290.0033pay 0.0004% / 1h23m 02s$757$7955.5x
ShortKuCoin SANDUSDTM0.041590.0003get 0.0003% / 8h6h 23m$2.5M$375K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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
−$6.37
Price spread: +0.727% → 0.000%
$72.66
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$54.27
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell KuCoin live order book, 9 min ago14.46 bp47.6 bp −$48150.5 bp −$1,505doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SAND on 14 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−0.0327%8h0.04167+0.916%$114K$4K—as long as short
Aster SANDUSDT−0.0156%8h0.04167+0.923%$13K$17K10xas long as short
Bybit SANDUSDT−0.0082%8h0.04166+0.896%$3.4M$3.5M75xas long as short
MEXC SAND_USDT−0.0043%8h0.04168+0.945%$11.4M$1.7M200xas long as short
Binance SANDUSDT−0.0041%8h0.04167+0.927%$6.4M$12.2M75xas long as short
Extended SAND-USD−0.0040%1h0.04166+0.900%$6K$171K10xas long as short
Bitget SANDUSDT−0.0015%8h0.04164+0.848%$1.7M$579K10xas long as short
KuCoin SANDUSDTMshort+0.0003%8h0.04159+0.727%$2.5M$375K50x
Injective SAND/USDC PERPlong+0.0033%1h0.04129long leg$757$7955.5x
Hyperliquid SAND+0.0100%1h0.04163+0.828%$573K$360K5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP+0.0100%8h0.04170+0.993%$1.7M$3.2M50xas long as short
Gate SAND_USDT+0.0100%8h0.04164+0.848%$460K$624K75xas long as short
BingX SAND-USDT+0.0100%8h0.04166+0.896%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0430%1h0.04173+1.074%$155K$113K25xas long as short