Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.042%
Price spread now: KuCoin against Injective+1.429%100s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 1.429% dearer against Injective than usual: you sell high and buy low (spread +1.429% now, against zero (this spread has no 7-day history yet)): +$143 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SAND/USDC PERP | 0.04129 | 0.0033 | pay 0.0004% / 1h | 41m 32s | $757 | $795 | 5.5x |
| Short | KuCoin SANDUSDTM | 0.04188 | 0.0002 | get 0.0002% / 8h | 41m 32s | $2.6M | $383K | 50x |
Injective SAND/USDC PERP
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. 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
- −$6.58
- Price spread: +1.429% → 0.000%
- $142.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $124.29
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 5 min ago | 8.36 bp | 41.7 bp −$42 | 106.9 bp −$1,069 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0296% | 1h | 0.04182 | +1.284% | $577K | $451K | 5x | as long as short |
| Variational Omni SAND | −0.0185% | 8h | 0.04189 | +1.465% | $114K | $4K | — | as long as short |
| Kraken Futures PF_SANDUSD | −0.0140% | 1h | 0.04188 | +1.429% | $154K | $106K | 25x | as long as short |
| Aster SANDUSDT | −0.0061% | 8h | 0.04191 | +1.502% | $14K | $18K | 10x | as long as short |
| Bitget SANDUSDT | −0.0010% | 8h | 0.04186 | +1.380% | $1.7M | $540K | 10x | as long as short |
| KuCoin SANDUSDTMshort | +0.0002% | 8h | 0.04188 | +1.429% | $2.6M | $383K | 50x | |
| Injective SAND/USDC PERPlong | +0.0033% | 1h | 0.04129 | long leg | $757 | $795 | 5.5x | |
| BloFin SAND-USDT | +0.0034% | 8h | 0.04195 | +1.598% | $323K | $294K | 75x | as long as short |
| MEXC SAND_USDT | +0.0047% | 8h | 0.04184 | +1.332% | $11.7M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | +0.0048% | 8h | 0.04185 | +1.356% | $6.6M | $12.4M | 75x | as long as short |
Hyperliquid SAND
Variational Omni SAND
Kraken Futures PF_SANDUSD
Aster SANDUSDT
Bitget SANDUSDT
BloFin SAND-USDT
MEXC SAND_USDT
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SAND-USD | +0.0048% | 1h | 0.04184 | +1.325% | $3K | $194K | 10x | as long as short |
| Bybit SANDUSDT | +0.0094% | 8h | 0.04184 | +1.332% | $3.4M | $3.3M | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04186 | +1.380% | $1.8M | $3.4M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04191 | +1.502% | $474K | $557K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04189 | +1.453% | — | $2.4M | — | as long as short |
Extended SAND-USD
Bybit SANDUSDT
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT