Funding you earn now, next payment 05:00 UTC+0.0990%/8h= +108.4% APRpaid last 24h +0.023%
Price spread now: KuCoin against Kraken Futures−0.308%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1831.828% of the position
Funding, last 7 days+0.489%+$49 on $10k
+Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.308%, 7d avg −0.152%
=Funding pays, the price is against you. KuCoin is 0.156% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.308% now, against its 7-day average of −0.152%). If the spread goes back, that is −$16 on $10k: about 13 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.489% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.489% in total (about 25.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SANDUSD | 0.04201 | −0.1116 | get 0.0140% / 1h | 25m 10s | $157K | $105K | 25x |
| Short | KuCoin SANDUSDTM | 0.04188 | −0.0126 | pay 0.0126% / 8h | 3h 25m | $2.6M | $347K | 50x |
Kraken Futures PF_SANDUSD
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. 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
- $207.97
- Price spread: −0.308% → −0.152%
- −$15.58
- Slippage, 4 orders
- −$160.78
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $9.61
- Costs to cover
- 1.828%
- Break-even
- 6.7 days
Slippage from Kraken Futures: live order book, 27 min ago; KuCoin: live order book, 2 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 Kraken Futures live order book, 27 min ago | 20.18 bp | 53.6 bp −$54 | 102.4 bp −$1,024 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 13.15 bp | 45.6 bp −$46 | 141.1 bp −$1,411 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSDlong | −0.1116% | 1h | 0.04201 | long leg | $157K | $105K | 25x | |
| Hyperliquid SAND | −0.0545% | 1h | 0.04189 | −0.294% | $577K | $326K | 5x | as long as short |
| Variational Omni SAND | −0.0369% | 8h | 0.04192 | −0.219% | $114K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0308% | 8h | 0.04197 | −0.082% | $14K | $16K | 10x | as long as short |
| BloFin SAND-USDT | −0.0238% | 8h | 0.04194 | −0.165% | $327K | $202K | 75x | as long as short |
| Binance SANDUSDT | −0.0212% | 8h | 0.04192 | −0.225% | $6.7M | $12.4M | 75x | as long as short |
| MEXC SAND_USDT | −0.0211% | 8h | 0.04192 | −0.213% | $11.6M | $1.9M | 200x | as long as short |
| Extended SAND-USD | −0.0208% | 1h | 0.04191 | −0.241% | $3K | $195K | 10x | as long as short |
| Bitget SANDUSDT | −0.0203% | 8h | 0.04193 | −0.189% | $1.7M | $550K | 10x | as long as short |
| KuCoin SANDUSDTMshort | −0.0126% | 8h | 0.04188 | −0.308% | $2.6M | $347K | 50x |
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
BloFin SAND-USDT
Binance SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0099% | 8h | 0.04192 | −0.213% | $1.7M | $3.2M | 50x | as long as short |
| Bybit SANDUSDT | −0.0026% | 8h | 0.04193 | −0.189% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0020% | 8h | 0.04189 | −0.284% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | +0.0029% | 8h | 0.04194 | −0.165% | $476K | $648K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.712% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP