SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRnext payment −$1.04 per $10,000 · paid last 24h −0.014%

Price spread now: KuCoin against OKX+0.121%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1431.435% of the position

Long on OKX Short on KuCoin

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−0.121%−$12 · spread now +0.121%, 7d avg −0.028%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.149% dearer against OKX than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.028%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SAND-USDT-SWAP	0.04120	0.0005	pay 0.0005% / 8h	4h 41m	$1.6M	$3.1M	50x
Short	KuCoin SANDUSDTM	0.04125	−0.0099	pay 0.0099% / 8h	4h 41m	$2.5M	$366K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$21.78
Price spread: +0.121% → −0.028%: $14.91
Slippage, 4 orders: −$121.47
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$150.34
Costs to cover: 1.435%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 5 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 OKX live order book, 1 min ago	1.21 bp	16.6 bp −$17	76.7 bp −$767	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.51 bp	43.0 bp −$43	160.3 bp −$1,603	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	−0.0361%	8h	0.04120	+0.006%	$112K	$4K	—	as long as short
Aster SANDUSDT	−0.0277%	8h	0.04125	+0.113%	$13K	$16K	10x	as long as short
Binance SANDUSDT	−0.0169%	8h	0.04120	0.000%	$6.5M	$12.3M	75x	as long as short
Gate SAND_USDT	−0.0168%	8h	0.04126	+0.146%	$463K	$627K	75x	as long as short
MEXC SAND_USDT	−0.0163%	8h	0.04120	0.000%	$11.8M	$1.8M	200x	as long as short
Extended SAND-USD	−0.0160%	1h	0.04120	−0.001%	$3K	$173K	10x	as long as short
BloFin SAND-USDT	−0.0133%	8h	0.04126	+0.146%	$322K	$215K	75x	as long as short
Bitget SANDUSDT	−0.0107%	8h	0.04123	+0.073%	$1.7M	$549K	10x	as long as short
KuCoin SANDUSDTMshort	−0.0099%	8h	0.04125	+0.121%	$2.5M	$366K	50x
Bybit SANDUSDT	−0.0034%	8h	0.04120	0.000%	$3.4M	$3.4M	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-SWAPlong	+0.0005%	8h	0.04120	long leg	$1.6M	$3.1M	50x
BingX SAND-USDT	+0.0020%	8h	0.04121	+0.024%	—	$2.4M	—	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	+0.218%	$757	$795	5.5x	as long as short
Hyperliquid SAND	+0.0078%	1h	0.04119	−0.029%	$567K	$327K	5x	as long as short
Kraken Futures PF_SANDUSD	+0.0502%	1h	0.04120	+0.011%	$154K	$106K	25x	as long as short