SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0143%/8h= −15.7% APRnext payment −$1.43 per $10,000 · paid last 24h −0.014%

Price spread now: KuCoin against BingX−0.096%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1181.179% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.096%, 7d avg −0.011%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.085% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SAND-USDT	0.04154	0.0100	pay 0.0100% / 8h	7h 50m	—	$2.4M	—
Short	KuCoin SANDUSDTM	0.04150	−0.0043	pay 0.0043% / 8h	7h 50m	$2.5M	$372K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$30.03
Price spread: −0.096% → −0.011%: −$8.48
Slippage, 4 orders: −$95.86
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$156.37
Costs to cover: 1.179%
Break-even: never at this rate

Slippage from BingX: 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 BingX live order book, 3 min ago	2.40 bp	12.3 bp −$12	20.7 bp −$207	168.2 bp −$16.8K	doesn't fit
Sell KuCoin live order book, 6 min ago	6.01 bp	37.2 bp −$37	106.3 bp −$1,063	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
Kraken Futures PF_SANDUSD	−0.0766%	1h	0.04159	+0.126%	$153K	$113K	25x	as long as short
Variational Omni SAND	−0.0237%	8h	0.04153	−0.028%	$114K	$5K	—	as long as short
Aster SANDUSDT	−0.0126%	8h	0.04153	−0.033%	$13K	$17K	10x	as long as short
Bybit SANDUSDT	−0.0087%	8h	0.04154	0.000%	$3.4M	$3.3M	75x	as long as short
Bitget SANDUSDT	−0.0047%	8h	0.04150	−0.096%	$1.8M	$554K	10x	as long as short
BloFin SAND-USDT	−0.0046%	8h	0.04152	−0.048%	$321K	$290K	75x	as long as short
KuCoin SANDUSDTMshort	−0.0043%	8h	0.04150	−0.096%	$2.5M	$372K	50x
Binance SANDUSDT	−0.0018%	8h	0.04153	−0.024%	$6.5M	$12.2M	75x	as long as short
MEXC SAND_USDT	−0.0018%	8h	0.04152	−0.048%	$11.6M	$1.7M	200x	as long as short
Extended SAND-USD	−0.0016%	1h	0.04153	−0.024%	$5K	$198K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−0.602%	$757	$795	5.5x	as long as short
Hyperliquid SAND	+0.0047%	1h	0.04150	−0.096%	$571K	$453K	5x	as long as short
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04152	−0.048%	$1.7M	$3.2M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04156	+0.048%	$462K	$548K	75x	as long as short
BingX SAND-USDTlong	+0.0100%	8h	0.04154	long leg	—	$2.4M	—