SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h +0.014%

Price spread now: OKX against KuCoin+0.048%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1231.228% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.048%, 7d avg +0.028%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.020% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.028%. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SANDUSDTM	0.04154	−0.0073	get 0.0073% / 8h	4h 22m	$2.5M	$367K	50x
Short	OKX SAND-USDT-SWAP	0.04156	−0.0011	pay 0.0011% / 8h	4h 22m	$1.7M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $12.96
Price spread: +0.048% → +0.028%: $2.04
Slippage, 4 orders: −$100.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.81
Costs to cover: 1.228%
Break-even: 65.2 days

Slippage from KuCoin: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	3.62 bp	37.0 bp −$37	96.6 bp −$966	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.20 bp	19.1 bp −$19	86.5 bp −$865	doesn't fit	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	−0.0335%	8h	0.04150	−0.091%	$113K	$4K	—	as long as short
Aster SANDUSDT	−0.0249%	8h	0.04159	+0.110%	$14K	$16K	10x	as long as short
BloFin SAND-USDT	−0.0172%	8h	0.04156	+0.048%	$322K	$199K	75x	as long as short
Binance SANDUSDT	−0.0152%	8h	0.04158	+0.096%	$6.6M	$12.3M	75x	as long as short
Extended SAND-USD	−0.0152%	1h	0.04156	+0.049%	$3K	$173K	10x	as long as short
MEXC SAND_USDT	−0.0152%	8h	0.04157	+0.072%	$11.9M	$1.8M	200x	as long as short
Hyperliquid SAND	−0.0132%	1h	0.04154	0.000%	$572K	$326K	5x	as long as short
Bitget SANDUSDT	−0.0100%	8h	0.04154	0.000%	$1.7M	$547K	10x	as long as short
KuCoin SANDUSDTMlong	−0.0073%	8h	0.04154	long leg	$2.5M	$367K	50x
Gate SAND_USDT	−0.0056%	8h	0.04156	+0.048%	$466K	$632K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAND-USDT-SWAPshort	−0.0011%	8h	0.04156	+0.048%	$1.7M	$3.2M	50x
BingX SAND-USDT	−0.0006%	8h	0.04159	+0.120%	—	$2.4M	—	as long as short
Bybit SANDUSDT	+0.0019%	8h	0.04159	+0.120%	$3.4M	$3.5M	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.602%	$757	$795	5.5x	as long as short
Kraken Futures PF_SANDUSD	+0.0497%	1h	0.04160	+0.146%	$155K	$106K	25x	as long as short