SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.89 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against KuCoin+0.096%50s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1241.239% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.096%, 7d avg +0.045%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.051% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SANDUSDTM	0.04166	−0.0027	get 0.0027% / 8h	2h 10m	$2.6M	$371K	50x
Short	BloFin SAND-USDT	0.04170	0.0062	get 0.0062% / 8h	2h 10m	$323K	$292K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.096%Rate

Funding earned: $18.6
Price spread: +0.096% → +0.045%: $5.15
Slippage, 4 orders: −$99.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.17
Costs to cover: 1.239%
Break-even: 44.7 days

Slippage from KuCoin: live order book, 6 min ago; BloFin: live order book, 9 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	9.60 bp	43.0 bp −$43	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	3.59 bp	18.0 bp −$18	23.3 bp −$233	84.6 bp −$8,464	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
Variational Omni SAND	−0.0141%	8h	0.04167	+0.022%	$114K	$4K	—	as long as short
Bitget SANDUSDT	−0.0046%	8h	0.04169	+0.072%	$1.7M	$545K	10x	as long as short
KuCoin SANDUSDTMlong	−0.0027%	8h	0.04166	long leg	$2.6M	$371K	50x
Aster SANDUSDT	−0.0025%	8h	0.04169	+0.072%	$14K	$18K	10x	as long as short
Hyperliquid SAND	−0.0013%	1h	0.04166	−0.007%	$573K	$446K	5x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.888%	$757	$795	5.5x	as long as short
Extended SAND-USD	+0.0048%	1h	0.04171	+0.124%	$3K	$194K	10x	as long as short
MEXC SAND_USDT	+0.0050%	8h	0.04171	+0.120%	$11.7M	$1.7M	200x	as long as short
Binance SANDUSDT	+0.0050%	8h	0.04170	+0.107%	$6.5M	$12.3M	75x	as long as short
BloFin SAND-USDTshort	+0.0062%	8h	0.04170	+0.096%	$323K	$292K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	+0.0100%	8h	0.04171	+0.120%	$3.3M	$3.2M	75x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04173	+0.168%	$1.8M	$3.3M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04171	+0.120%	$465K	$576K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04167	+0.024%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0284%	1h	0.04173	+0.177%	$156K	$100K	25x	as long as short