SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.74 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against KuCoin+0.072%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.072%, 7d avg +0.014%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.058% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SANDUSDTM	0.04149	−0.0080	get 0.0080% / 8h	4h 25m	$2.5M	$367K	50x
Short	BingX SAND-USDT	0.04152	−0.0006	pay 0.0006% / 8h	4h 25m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $15.54
Price spread: +0.072% → +0.014%: $5.82
Slippage, 4 orders: −$88.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$89.19
Costs to cover: 1.106%
Break-even: 47.2 days

Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 8 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, 6 min ago	12.05 bp	48.4 bp −$48	175.8 bp −$1,758	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	3.62 bp	15.2 bp −$15	33.7 bp −$337	137.2 bp −$13.7K	618.6 bp −$309.3K

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
Variational Omni SAND	−0.0335%	8h	0.04150	+0.030%	$113K	$4K	—	as long as short
Aster SANDUSDT	−0.0257%	8h	0.04151	+0.044%	$14K	$16K	10x	as long as short
BloFin SAND-USDT	−0.0176%	8h	0.04149	0.000%	$320K	$199K	75x	as long as short
Extended SAND-USD	−0.0160%	1h	0.04150	+0.023%	$3K	$173K	10x	as long as short
Binance SANDUSDT	−0.0159%	8h	0.04154	+0.119%	$6.6M	$12.3M	75x	as long as short
MEXC SAND_USDT	−0.0159%	8h	0.04153	+0.096%	$11.9M	$1.8M	200x	as long as short
Hyperliquid SAND	−0.0121%	1h	0.04149	0.000%	$571K	$325K	5x	as long as short
Bitget SANDUSDT	−0.0106%	8h	0.04145	−0.096%	$1.7M	$548K	10x	as long as short
KuCoin SANDUSDTMlong	−0.0080%	8h	0.04149	long leg	$2.5M	$367K	50x
Gate SAND_USDT	−0.0072%	8h	0.04153	+0.096%	$466K	$631K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAP	−0.0016%	8h	0.04152	+0.072%	$1.6M	$3.2M	50x	as long as short
BingX SAND-USDTshort	−0.0006%	8h	0.04152	+0.072%	—	$2.4M	—
Bybit SANDUSDT	+0.0006%	8h	0.04153	+0.096%	$3.4M	$3.5M	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.482%	$757	$795	5.5x	as long as short
Kraken Futures PF_SANDUSD	+0.0498%	1h	0.04154	+0.112%	$155K	$106K	25x	as long as short