Funding you earn now, next payment 16:00 UTC+0.0130%/8h= +14.2% APRnext payment +$1.30 per $10,000 · paid last 24h +0.026%
Price spread now: KuCoin against MEXC−0.140%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1161.165% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.140%, 7d avg −0.011%
=Funding pays, the price is against you. KuCoin is 0.129% cheaper against MEXC than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.011%). If the spread goes back, that is −$13 on $10k: about 3.3 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SAND_USDT | 0.04282 | −0.0534 | get 0.0534% / 8h | 7h 00m | $11.4M | $2.0M | 200x |
| Short | KuCoin SANDUSDTM | 0.04276 | −0.0404 | pay 0.0404% / 8h | 7h 00m | $2.6M | $421K | 50x |
MEXC SAND_USDT
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $27.3
- Price spread: −0.140% → −0.011%
- −$12.9
- Slippage, 4 orders
- −$100.46
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$102.07
- Costs to cover
- 1.165%
- Break-even
- 33.2 days
Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 6 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 MEXC live order book, 3 min ago | 1.17 bp | 6.7 bp −$7 | 14.1 bp −$141 | 76.1 bp −$7,613 | 128.1 bp −$64.0K |
| Sell KuCoin live order book, 6 min ago | 11.69 bp | 57.9 bp −$58 | 130.7 bp −$1,307 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.0781% | 1h | 0.04278 | −0.103% | $589K | $328K | 5x | as long as short |
| Aster SANDUSDT | −0.0611% | 8h | 0.04288 | +0.151% | $15K | $19K | 10x | as long as short |
| Variational Omni SAND | −0.0598% | 8h | 0.04274 | −0.182% | $117K | $2K | — | as long as short |
| BloFin SAND-USDT | −0.0537% | 8h | 0.04283 | +0.023% | $338K | $148K | 75x | as long as short |
| Binance SANDUSDT | −0.0537% | 8h | 0.04282 | 0.000% | $7.0M | $14.0M | 75x | as long as short |
| Extended SAND-USD | −0.0536% | 1h | 0.04275 | −0.168% | $3K | $226K | 10x | as long as short |
| MEXC SAND_USDTlong | −0.0534% | 8h | 0.04282 | long leg | $11.4M | $2.0M | 200x | |
| Bybit SANDUSDT | −0.0484% | 8h | 0.04281 | −0.023% | $3.7M | $4.0M | 75x | as long as short |
| KuCoin SANDUSDTMshort | −0.0404% | 8h | 0.04276 | −0.140% | $2.6M | $421K | 50x | |
| OKX SAND-USDT-SWAP | −0.0333% | 8h | 0.04283 | +0.023% | $1.6M | $3.3M | 50x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
Bybit SANDUSDT
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SANDUSDT | −0.0269% | 8h | 0.04276 | −0.140% | $1.8M | $523K | 10x | as long as short |
| Gate SAND_USDT | −0.0235% | 8h | 0.04278 | −0.093% | $510K | $633K | 75x | as long as short |
| BingX SAND-USDT | −0.0183% | 8h | 0.04282 | 0.000% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −3.573% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0043% | 1h | 0.04297 | +0.344% | $163K | $106K | 25x | as long as short |
Bitget SANDUSDT
Gate SAND_USDT
BingX SAND-USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD