Funding you earn now, next payment 08:00 UTC−0.0139%/8h= −15.2% APRnext payment −$1.39 per $10,000 · paid last 24h −0.014%
Price spread now: KuCoin against OKX−0.097%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1291.289% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.097%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.071% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SAND-USDT-SWAP | 0.04144 | 0.0100 | pay 0.0100% / 8h | 7h 48m | $1.7M | $3.2M | 50x |
| Short | KuCoin SANDUSDTM | 0.04140 | −0.0039 | pay 0.0039% / 8h | 7h 48m | $2.5M | $372K | 50x |
OKX SAND-USDT-SWAP
KuCoin SANDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- −$29.19
- Price spread: −0.097% → −0.025%
- −$7.14
- Slippage, 4 orders
- −$106.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$165.25
- Costs to cover
- 1.289%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 9 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 OKX live order book, 4 min ago | 1.20 bp | 16.9 bp −$17 | 122.6 bp −$1,226 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 6.01 bp | 37.2 bp −$37 | 106.3 bp −$1,063 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SANDUSD | −0.0768% | 1h | 0.04150 | +0.140% | $153K | $113K | 25x | as long as short |
| Variational Omni SAND | −0.0237% | 8h | 0.04153 | +0.214% | $114K | $5K | — | as long as short |
| Aster SANDUSDT | −0.0131% | 8h | 0.04150 | +0.136% | $13K | $17K | 10x | as long as short |
| Bybit SANDUSDT | −0.0081% | 8h | 0.04145 | +0.024% | $3.4M | $3.3M | 75x | as long as short |
| Bitget SANDUSDT | −0.0047% | 8h | 0.04145 | +0.024% | $1.8M | $554K | 10x | as long as short |
| KuCoin SANDUSDTMshort | −0.0039% | 8h | 0.04140 | −0.097% | $2.5M | $372K | 50x | |
| Extended SAND-USD | −0.0024% | 1h | 0.04145 | +0.024% | $5K | $198K | 10x | as long as short |
| MEXC SAND_USDT | −0.0021% | 8h | 0.04146 | +0.048% | $11.5M | $1.7M | 200x | as long as short |
| Binance SANDUSDT | −0.0021% | 8h | 0.04144 | +0.004% | $6.5M | $12.2M | 75x | as long as short |
| BloFin SAND-USDT | −0.0014% | 8h | 0.04152 | +0.193% | $321K | $290K | 75x | as long as short |
Kraken Futures PF_SANDUSD
Variational Omni SAND
Aster SANDUSDT
Bybit SANDUSDT
Bitget SANDUSDT
Extended SAND-USD
MEXC SAND_USDT
Binance SANDUSDT
BloFin SAND-USDTShow 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 |
| Hyperliquid SAND | +0.0100% | 1h | 0.04143 | −0.029% | $570K | $453K | 5x | as long as short |
| OKX SAND-USDT-SWAPlong | +0.0100% | 8h | 0.04144 | long leg | $1.7M | $3.2M | 50x | |
| Gate SAND_USDT | +0.0100% | 8h | 0.04147 | +0.072% | $461K | $548K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04145 | +0.024% | — | $2.4M | — | as long as short |
Injective SAND/USDC PERP
Hyperliquid SAND
Gate SAND_USDT
BingX SAND-USDT