Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against KuCoin+0.143%95s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1421.424% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.143%, 7d avg +0.046%
=The price spread pays, funding is against you. BloFin is 0.097% dearer against KuCoin than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.046%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days. The two prices were read 95 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 | KuCoin SANDUSDTM | 0.04198 | −0.0094 | get 0.0094% / 8h | 3h 43m | $2.6M | $358K | 50x |
| Short | BloFin SAND-USDT | 0.04204 | −0.0174 | pay 0.0174% / 8h | 3h 43m | $326K | $202K | 75x |
KuCoin SANDUSDTM
BloFin SAND-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$16.83
- Price spread: +0.143% → +0.046%
- $9.72
- Slippage, 4 orders
- −$118.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$149.51
- Costs to cover
- 1.424%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; BloFin: live order book, 51 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 | 2.38 bp | 43.4 bp −$43 | 153.8 bp −$1,538 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 1.21 bp | 21.3 bp −$21 | 32.3 bp −$323 | 94.7 bp −$9,467 | 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 | −0.1115% | 1h | 0.04204 | +0.147% | $157K | $107K | 25x | as long as short |
| Hyperliquid SAND | −0.0565% | 1h | 0.04200 | +0.057% | $579K | $327K | 5x | as long as short |
| Variational Omni SAND | −0.0329% | 8h | 0.04198 | −0.006% | $115K | $4K | — | as long as short |
| Aster SANDUSDT | −0.0280% | 8h | 0.04211 | +0.315% | $14K | $16K | 10x | as long as short |
| Binance SANDUSDT | −0.0184% | 8h | 0.04202 | +0.095% | $6.7M | $12.3M | 75x | as long as short |
| Extended SAND-USD | −0.0176% | 1h | 0.04201 | +0.066% | $3K | $177K | 10x | as long as short |
| MEXC SAND_USDT | −0.0175% | 8h | 0.04201 | +0.071% | $11.7M | $1.9M | 200x | as long as short |
| BloFin SAND-USDTshort | −0.0174% | 8h | 0.04204 | +0.143% | $326K | $202K | 75x | |
| Bitget SANDUSDT | −0.0164% | 8h | 0.04196 | −0.048% | $1.7M | $556K | 10x | as long as short |
| KuCoin SANDUSDTMlong | −0.0094% | 8h | 0.04198 | long leg | $2.6M | $358K | 50x |
Kraken Futures PF_SANDUSD
Hyperliquid SAND
Variational Omni SAND
Aster SANDUSDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SAND-USDT-SWAP | −0.0067% | 8h | 0.04205 | +0.167% | $1.7M | $3.3M | 50x | as long as short |
| Bybit SANDUSDT | +0.0018% | 8h | 0.04204 | +0.143% | $3.5M | $3.6M | 75x | as long as short |
| Gate SAND_USDT | +0.0022% | 8h | 0.04203 | +0.119% | $476K | $644K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.644% | $757 | $795 | 5.5x | as long as short |
| BingX SAND-USDT | +0.0045% | 8h | 0.04203 | +0.119% | — | $2.4M | — | as long as short |
OKX SAND-USDT-SWAP
Bybit SANDUSDT
Gate SAND_USDT
Injective SAND/USDC PERP
BingX SAND-USDT