SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.031%

Price spread now: MEXC against KuCoin+0.120%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.120%, 7d avg +0.011%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.109% dearer against KuCoin than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.011%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.199% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SANDUSDTM	0.04175	−0.0042	get 0.0042% / 8h	5h 11m	$2.6M	$371K	50x
Short	MEXC SAND_USDT	0.04180	−0.0067	pay 0.0067% / 8h	5h 11m	$11.6M	$1.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$5.25
Price spread: +0.120% → +0.011%: $10.88
Slippage, 4 orders: −$94.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$104.69
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 2 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	10.75 bp	43.8 bp −$44	126.2 bp −$1,262	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.20 bp	20.1 bp −$20	32.3 bp −$323	98.7 bp −$9,871	205.8 bp −$102.9K

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	−0.0351%	8h	0.04176	+0.028%	$114K	$4K	—	as long as short
Hyperliquid SAND	−0.0282%	1h	0.04180	+0.122%	$578K	$338K	5x	as long as short
Aster SANDUSDT	−0.0176%	8h	0.04178	+0.079%	$14K	$16K	10x	as long as short
BloFin SAND-USDT	−0.0095%	8h	0.04182	+0.168%	$321K	$218K	75x	as long as short
Gate SAND_USDT	−0.0094%	8h	0.04182	+0.168%	$478K	$641K	75x	as long as short
Extended SAND-USD	−0.0080%	1h	0.04182	+0.166%	$7K	$173K	10x	as long as short
Binance SANDUSDT	−0.0079%	8h	0.04183	+0.192%	$6.5M	$11.8M	75x	as long as short
Bitget SANDUSDT	−0.0075%	8h	0.04176	+0.024%	$1.7M	$548K	10x	as long as short
MEXC SAND_USDTshort	−0.0067%	8h	0.04180	+0.120%	$11.6M	$1.7M	200x
KuCoin SANDUSDTMlong	−0.0042%	8h	0.04175	long leg	$2.6M	$371K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0029%	8h	0.04182	+0.168%	$3.4M	$3.4M	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.102%	$757	$795	5.5x	as long as short
OKX SAND-USDT-SWAP	+0.0057%	8h	0.04185	+0.240%	$1.7M	$3.1M	50x	as long as short
BingX SAND-USDT	+0.0065%	8h	0.04185	+0.240%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0239%	1h	0.04188	+0.313%	$156K	$106K	25x	as long as short