Funding you earn now, next payment 03:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h −0.046%
Price spread now: Kraken Futures against KuCoin+0.295%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1811.810% of the position
Funding, last 7 days−0.510%−$51 on $10k
+Price spread, last 4 days (all we have)−0.359%−$36 · spread now +0.295%, 7d avg +0.154%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.141% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.154%. Mind the row above: over the last 7 days funding on this pair cost −0.510%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04144 | −0.0005 | get 0.0005% / 8h | 5h 46m | $2.5M | $375K | 50x |
| Short | Kraken Futures PF_SANDUSD | 0.04156 | 0.0241 | get 0.0030% / 1h | 46m 56s | $154K | $103K | 25x |
KuCoin SANDUSDTM
Kraken Futures PF_SANDUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $51.62
- Price spread: +0.295% → +0.154%
- $14.11
- Slippage, 4 orders
- −$158.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$115.23
- Costs to cover
- 1.810%
- Break-even
- 22.6 days
Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: 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, 5 min ago | 14.44 bp | 47.3 bp −$47 | 152.1 bp −$1,521 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 15 min ago | 10.81 bp | 30.6 bp −$31 | 64.9 bp −$649 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SAND | −0.0348% | 8h | 0.04162 | +0.439% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0213% | 1h | 0.04147 | +0.065% | $574K | $357K | 5x | as long as short |
| Aster SANDUSDT | −0.0165% | 8h | 0.04155 | +0.255% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDT | −0.0115% | 8h | 0.04148 | +0.097% | $3.4M | $3.4M | 75x | as long as short |
| BloFin SAND-USDT | −0.0075% | 8h | 0.04148 | +0.097% | — | $276K | 75x | as long as short |
| Extended SAND-USD | −0.0056% | 1h | 0.04148 | +0.096% | $3K | $173K | 10x | as long as short |
| Binance SANDUSDT | −0.0053% | 8h | 0.04148 | +0.097% | $6.4M | $11.8M | 75x | as long as short |
| MEXC SAND_USDT | −0.0051% | 8h | 0.04152 | +0.193% | $11.5M | $1.7M | 200x | as long as short |
| Bitget SANDUSDT | −0.0048% | 8h | 0.04141 | −0.072% | $1.7M | $544K | 10x | as long as short |
| KuCoin SANDUSDTMlong | −0.0005% | 8h | 0.04144 | long leg | $2.5M | $375K | 50x |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bybit SANDUSDT
BloFin SAND-USDT
Extended SAND-USD
Binance SANDUSDT
MEXC SAND_USDT
Bitget SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.362% | $757 | $795 | 5.5x | as long as short |
| Gate SAND_USDT | +0.0039% | 8h | 0.04147 | +0.072% | $457K | $614K | 75x | as long as short |
| OKX SAND-USDT-SWAP | +0.0098% | 8h | 0.04148 | +0.097% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04151 | +0.169% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSDshort | +0.0241% | 1h | 0.04156 | +0.295% | $154K | $103K | 25x |
Injective SAND/USDC PERP
Gate SAND_USDT
OKX SAND-USDT-SWAP
BingX SAND-USDT