Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.87 per $10,000 · paid last 24h −0.031%
Price spread now: Binance against KuCoin+0.167%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1411.415% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 7 days−0.143%−$14 · spread now +0.167%, 7d avg +0.012%
=The price spread pays, funding is against you. Binance is 0.155% dearer against KuCoin than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.012%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04199 | −0.0118 | get 0.0118% / 8h | 3h 30m | $2.6M | $349K | 50x |
| Short | Binance SANDUSDT | 0.04206 | −0.0205 | pay 0.0205% / 8h | 3h 30m | $6.7M | $12.4M | 75x |
KuCoin SANDUSDTM
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$18.32
- Price spread: +0.167% → +0.012%
- $15.46
- Slippage, 4 orders
- −$119.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.35
- Costs to cover
- 1.415%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 10 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 KuCoin live order book, 1 min ago | 5.96 bp | 69.4 bp −$69 | 192.5 bp −$1,925 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.19 bp | 13.8 bp −$14 | 25.6 bp −$256 | 204.9 bp −$20.5K | 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_SANDUSD | −0.1113% | 1h | 0.04213 | +0.343% | $158K | $106K | 25x | as long as short |
| Hyperliquid SAND | −0.0567% | 1h | 0.04201 | +0.057% | $579K | $326K | 5x | as long as short |
| Variational Omni SAND | −0.0370% | 8h | 0.04206 | +0.173% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0305% | 8h | 0.04210 | +0.273% | $14K | $16K | 10x | as long as short |
| Extended SAND-USD | −0.0208% | 1h | 0.04204 | +0.131% | $3K | $174K | 10x | as long as short |
| Binance SANDUSDTshort | −0.0205% | 8h | 0.04206 | +0.167% | $6.7M | $12.4M | 75x | |
| MEXC SAND_USDT | −0.0205% | 8h | 0.04206 | +0.167% | $11.7M | $1.9M | 200x | as long as short |
| BloFin SAND-USDT | −0.0201% | 8h | 0.04203 | +0.095% | $329K | $203K | 75x | as long as short |
| Bitget SANDUSDT | −0.0199% | 8h | 0.04201 | +0.048% | $1.7M | $551K | 10x | as long as short |
| KuCoin SANDUSDTMlong | −0.0118% | 8h | 0.04199 | long leg | $2.6M | $349K | 50x |
Kraken Futures PF_SANDUSD
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
BloFin SAND-USDT
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0090% | 8h | 0.04205 | +0.143% | $1.7M | $3.2M | 50x | as long as short |
| Bybit SANDUSDT | −0.0029% | 8h | 0.04206 | +0.167% | $3.5M | $3.6M | 75x | as long as short |
| BingX SAND-USDT | −0.0020% | 8h | 0.04206 | +0.167% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | +0.0027% | 8h | 0.04207 | +0.191% | $476K | $646K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.667% | $757 | $795 | 5.5x | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP