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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 09:00 UTC+0.0471%/8h= +51.6% APRpaid last 24h +0.023%
Price spread now: Kraken Futures against KuCoin+0.119%7-day average +0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1941.938% of the position
Long on KuCoinShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.427%−$43 on $10k
Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.119%, 7d avg +0.151%
Together, before fees−0.610%−$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.119% now, against its 7-day average of +0.151%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.427%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SANDUSDTM0.04222−0.0428get 0.0428% / 8h7h 31m$2.6M$428K50x
ShortKraken Futures PF_SANDUSD0.042270.0043get 0.0005% / 1h31m 55s$160K$106K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$98.99
Price spread: +0.119% → +0.151%
−$3.17
Slippage, 4 orders
−$171.8
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$97.98
Costs to cover
1.938%
Break-even
13.9 days
Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 65 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, 5 min ago9.47 bp36.4 bp −$36137.9 bp −$1,379doesn't fitdoesn't fit
Sell Kraken Futures live order book, 65 min ago31.93 bp46.0 bp −$46doesn't fitdoesn'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
Bybit SANDUSDT−0.0889%8h0.04226+0.095%$3.6M$4.2M75xas long as short
Hyperliquid SAND−0.0622%1h0.04217−0.130%$580K$338K5xas long as short
Gate SAND_USDT−0.0616%8h0.04224+0.047%$495K$623K75xas long as short
Aster SANDUSDT−0.0600%8h0.04228+0.138%$14K$19K10xas long as short
Variational Omni SAND−0.0558%8h0.04226+0.102%$116K$4K—as long as short
Extended SAND-USD−0.0520%1h0.04225+0.069%$6K$224K10xas long as short
Binance SANDUSDT−0.0519%8h0.04226+0.088%$7.0M$14.1M75xas long as short
BloFin SAND-USDT−0.0518%8h0.04220−0.047%$336K$151K75xas long as short
MEXC SAND_USDT−0.0511%8h0.04225+0.071%$11.2M$1.9M200xas long as short
KuCoin SANDUSDTMlong−0.0428%8h0.04222long leg$2.6M$428K50x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SAND-USDT-SWAP−0.0336%8h0.04224+0.047%$1.6M$3.4M50xas long as short
Bitget SANDUSDT−0.0288%8h0.04221−0.024%$1.8M$541K10xas long as short
BingX SAND-USDT−0.0193%8h0.04226+0.095%—$2.4M—as long as short
Injective SAND/USDC PERP+0.0033%1h0.04129−2.203%$757$7955.5xas long as short
Kraken Futures PF_SANDUSDshort+0.0043%1h0.04227+0.119%$160K$106K25x