Settings8H · net · $10k
Funding arb · Price arb /

SAND

all SAND markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0002%/8hnext payment $0.02 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against BloFin−0.145%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1181.182% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.145%, 7d avg −0.044%
Together, before fees+0.184%+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.100% cheaper against BloFin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SAND-USDT0.041430.0020pay 0.0020% / 8h4h 23m$324K$295K75x
ShortKuCoin SANDUSDTM0.041370.0018get 0.0018% / 8h4h 23m$2.6M$332K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
−$0.43
Price spread: −0.145% → −0.044%
−$10.04
Slippage, 4 orders
−$94.17
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$128.64
Costs to cover
1.182%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago1.21 bp7.2 bp −$713.9 bp −$13987.7 bp −$8,770doesn't fit
Sell KuCoin live order book, 8 min ago7.29 bp34.1 bp −$34104.3 bp −$1,043doesn't fitdoesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SAND−0.0241%8h0.04124−0.447%$112K$5Kas long as short
Bitget SANDUSDT−0.0172%8h0.04144+0.024%$1.7M$552K10xas long as short
MEXC SAND_USDT+0.0006%8h0.04142−0.024%$12.0M$1.5M200xas long as short
Binance SANDUSDT+0.0007%8h0.04141−0.048%$6.4M$12.2M75xas long as short
Extended SAND-USD+0.0008%1h0.04140−0.081%$3K$194K10xas long as short
Aster SANDUSDT+0.0009%8h0.04144+0.028%$13K$18K10xas long as short
KuCoin SANDUSDTMshort+0.0018%8h0.04137−0.145%$2.6M$332K50x
BloFin SAND-USDTlong+0.0020%8h0.04143long leg$324K$295K75x
Injective SAND/USDC PERP+0.0033%1h0.04129−0.338%$757$7955.5xas long as short
Hyperliquid SAND+0.0100%1h0.04140−0.070%$575K$435K5xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SANDUSDT+0.0100%8h0.041430.000%$3.3M$3.1M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04141−0.048%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04144+0.024%$452K$575K75xas long as short
BingX SAND-USDT+0.0100%8h0.04146+0.072%$2.4Mas long as short
Kraken Futures PF_SANDUSD+0.0402%1h0.04148+0.119%$154K$95K25xas long as short