Settings8H · net · $10k
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Funding arb · Price arb /

SAND

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRnext payment +$1.56 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against KuCoin−0.048%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1061.059% of the position
Long on KuCoinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.156%−$16 on $10k
Price spread, last 7 days+0.095%+$9 · spread now −0.048%, 7d avg −0.004%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.044% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.004%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SANDUSDTM0.04174−0.0056get 0.0056% / 8h1h 34m$2.6M$372K50x
ShortBybit SANDUSDT0.041720.0100get 0.0100% / 8h1h 34m$3.4M$3.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$32.76
Price spread: −0.048% → −0.004%
−$4.37
Slippage, 4 orders
−$82.94
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$77.56
Costs to cover
1.059%
Break-even
23.6 days
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago4.79 bp38.8 bp −$39114.5 bp −$1,145doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.40 bp14.9 bp −$1536.9 bp −$369doesn't fitdoesn't fit

SAND on 15 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
Hyperliquid SAND−0.0425%1h0.04172−0.057%$574K$445K5xas long as short
Variational Omni SAND−0.0187%8h0.04171−0.071%$114K$4K—as long as short
Aster SANDUSDT−0.0108%8h0.04175+0.019%$14K$18K10xas long as short
Kraken Futures PF_SANDUSD−0.0080%1h0.04178+0.096%$155K$98K25xas long as short
Bitget SANDUSDT−0.0061%8h0.04175+0.024%$1.7M$546K10xas long as short
KuCoin SANDUSDTMlong−0.0056%8h0.04174long leg$2.6M$372K50x
BloFin SAND-USDT−0.0024%8h0.04176+0.048%$323K$293K75xas long as short
Binance SANDUSDT−0.0011%8h0.04175+0.024%$6.6M$12.4M75xas long as short
MEXC SAND_USDT−0.0001%8h0.041740.000%$11.7M$1.7M200xas long as short
Extended SAND-USD0.0000%1h0.04174+0.005%$3K$194K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERP+0.0033%1h0.04129−1.078%$757$7955.5xas long as short
Bybit SANDUSDTshort+0.0100%8h0.04172−0.048%$3.4M$3.2M75x
OKX SAND-USDT-SWAP+0.0100%8h0.04175+0.024%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04177+0.072%$465K$569K75xas long as short
BingX SAND-USDT+0.0100%8h0.04175+0.024%—$2.4M—as long as short