SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0152%/8h= +16.6% APRnext payment +$1.52 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against KuCoin+0.189%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1451.447% of the position

Long on KuCoin Short on BingX

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−0.180%−$18 · spread now +0.189%, 7d avg +0.016%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.173% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SANDUSDTM	0.04226	−0.0182	get 0.0182% / 8h	2h 04m	$2.6M	$363K	50x
Short	BingX SAND-USDT	0.04234	−0.0030	pay 0.0030% / 8h	2h 04m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.189%Rate

Funding earned: $31.92
Price spread: +0.189% → +0.016%: $17.31
Slippage, 4 orders: −$122.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.42
Costs to cover: 1.447%
Break-even: 27.9 days

Slippage from KuCoin: live order book, 3 min ago; BingX: live order book, 15 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 KuCoin live order book, 3 min ago	13.06 bp	52.6 bp −$53	183.5 bp −$1,835	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	2.39 bp	14.5 bp −$14	28.1 bp −$281	165.4 bp −$16.5K	719.6 bp −$359.8K

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	−0.0501%	1h	0.04232	+0.135%	$587K	$328K	5x	as long as short
Aster SANDUSDT	−0.0361%	8h	0.04233	+0.168%	$14K	$16K	10x	as long as short
Variational Omni SAND	−0.0356%	8h	0.04219	−0.171%	$115K	$4K	—	as long as short
MEXC SAND_USDT	−0.0273%	8h	0.04234	+0.189%	$11.4M	$1.9M	200x	as long as short
Extended SAND-USD	−0.0272%	1h	0.04235	+0.210%	$3K	$223K	10x	as long as short
Binance SANDUSDT	−0.0272%	8h	0.04233	+0.161%	$6.8M	$13.0M	75x	as long as short
BloFin SAND-USDT	−0.0269%	8h	0.04228	+0.047%	$327K	$140K	75x	as long as short
Bitget SANDUSDT	−0.0236%	8h	0.04230	+0.095%	$1.7M	$548K	10x	as long as short
KuCoin SANDUSDTMlong	−0.0182%	8h	0.04226	long leg	$2.6M	$363K	50x
OKX SAND-USDT-SWAP	−0.0162%	8h	0.04229	+0.071%	$1.7M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0041%	8h	0.04233	+0.166%	$3.5M	$3.7M	75x	as long as short
BingX SAND-USDTshort	−0.0030%	8h	0.04234	+0.189%	—	$2.4M	—
Gate SAND_USDT	−0.0003%	8h	0.04236	+0.237%	$487K	$672K	75x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−2.295%	$757	$795	5.5x	as long as short
Kraken Futures PF_SANDUSD	+0.0110%	1h	0.04239	+0.300%	$160K	$104K	25x	as long as short