Funding you earn now, next payment 08:00 UTC+0.0229%/8h= +25.1% APRnext payment +$2.29 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against KuCoin+0.024%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1031.034% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.024%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.024% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.123%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04217 | −0.0355 | get 0.0355% / 8h | 35m 12s | $2.6M | $402K | 50x |
| Short | Bybit SANDUSDT | 0.04218 | −0.0126 | pay 0.0126% / 8h | 35m 12s | $3.6M | $4.0M | 75x |
KuCoin SANDUSDTM
Bybit SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $48.06
- Price spread: +0.024% → −0.001%
- $2.44
- Slippage, 4 orders
- −$80.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.93
- Costs to cover
- 1.034%
- Break-even
- 14.7 days
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 7.12 bp | 50.3 bp −$50 | 163.1 bp −$1,631 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.18 bp | 15.3 bp −$15 | 47.7 bp −$477 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SAND | −0.1036% | 1h | 0.04216 | −0.021% | $583K | $331K | 5x | as long as short |
| Aster SANDUSDT | −0.0497% | 8h | 0.04220 | +0.077% | $14K | $16K | 10x | as long as short |
| Variational Omni SAND | −0.0449% | 8h | 0.04215 | −0.055% | $115K | $4K | — | as long as short |
| BloFin SAND-USDT | −0.0445% | 8h | 0.04219 | +0.047% | $331K | $148K | 75x | as long as short |
| Binance SANDUSDT | −0.0417% | 8h | 0.04220 | +0.071% | $6.8M | $13.6M | 75x | as long as short |
| Extended SAND-USD | −0.0416% | 1h | 0.04218 | +0.035% | $8K | $222K | 10x | as long as short |
| MEXC SAND_USDT | −0.0416% | 8h | 0.04219 | +0.047% | $11.3M | $1.9M | 200x | as long as short |
| KuCoin SANDUSDTMlong | −0.0355% | 8h | 0.04217 | long leg | $2.6M | $402K | 50x | |
| OKX SAND-USDT-SWAP | −0.0283% | 8h | 0.04222 | +0.119% | $1.7M | $3.3M | 50x | as long as short |
| Bitget SANDUSDT | −0.0260% | 8h | 0.04223 | +0.142% | $1.8M | $548K | 10x | as long as short |
Hyperliquid SAND
Aster SANDUSDT
Variational Omni SAND
BloFin SAND-USDT
Binance SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
OKX SAND-USDT-SWAP
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDTshort | −0.0126% | 8h | 0.04218 | +0.024% | $3.6M | $4.0M | 75x | |
| Gate SAND_USDT | −0.0094% | 8h | 0.04217 | 0.000% | $490K | $691K | 75x | as long as short |
| Kraken Futures PF_SANDUSD | −0.0087% | 1h | 0.04226 | +0.210% | $160K | $109K | 25x | as long as short |
| BingX SAND-USDT | −0.0087% | 8h | 0.04217 | 0.000% | — | $2.4M | — | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −2.087% | $757 | $795 | 5.5x | as long as short |
Gate SAND_USDT
Kraken Futures PF_SANDUSD
BingX SAND-USDT
Injective SAND/USDC PERP