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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 02:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.056%
Price spread now: Injective against KuCoin−0.721%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Injective
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.721% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.721% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$72 on $10k: about 3 months of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SANDUSDTM0.041590.0003pay 0.0003% / 8h6h 22m$2.5M$375K50x
ShortInjective SAND/USDC PERP0.041290.0033get 0.0004% / 1h22m 56s$757$7955.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$6.37
Price spread: −0.721% → 0.000%
−$72.13
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$77.78
Costs to cover
0.120%
Break-even
92.5 days
Slippage unknown: KuCoin: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.

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, 9 min ago14.46 bp54.6 bp −$55168.9 bp −$1,689doesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SAND on 14 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
Variational Omni SAND−0.0327%8h0.04167+0.188%$114K$4K—as long as short
Aster SANDUSDT−0.0156%8h0.04167+0.195%$13K$17K10xas long as short
Bybit SANDUSDT−0.0082%8h0.04166+0.168%$3.4M$3.5M75xas long as short
MEXC SAND_USDT−0.0043%8h0.04168+0.216%$11.4M$1.7M200xas long as short
Binance SANDUSDT−0.0041%8h0.04167+0.199%$6.4M$12.2M75xas long as short
Extended SAND-USD−0.0040%1h0.04166+0.173%$6K$171K10xas long as short
Bitget SANDUSDT−0.0015%8h0.04164+0.120%$1.7M$579K10xas long as short
KuCoin SANDUSDTMlong+0.0003%8h0.04159long leg$2.5M$375K50x
Injective SAND/USDC PERPshort+0.0033%1h0.04129−0.721%$757$7955.5x
Hyperliquid SAND+0.0100%1h0.04163+0.101%$573K$360K5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP+0.0100%8h0.04170+0.264%$1.7M$3.2M50xas long as short
Gate SAND_USDT+0.0100%8h0.04164+0.120%$460K$624K75xas long as short
BingX SAND-USDT+0.0100%8h0.04166+0.168%—$2.4M—as long as short
Kraken Futures PF_SANDUSD+0.0430%1h0.04173+0.345%$155K$113K25xas long as short