SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.76 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against BloFin0.000%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1191.185% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now 0.000%, 7d avg −0.044%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.044% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAND-USDT	0.04217	−0.0404	get 0.0404% / 8h	56m 26s	$332K	$140K	75x
Short	KuCoin SANDUSDTM	0.04217	−0.0328	pay 0.0328% / 8h	56m 26s	$2.6M	$386K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $15.91
Price spread: 0.000% → −0.044%: $4.38
Slippage, 4 orders: −$94.54
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.26
Costs to cover: 1.185%
Break-even: 50.2 days

Slippage from BloFin: live order book, 23 min ago; KuCoin: live order book, 10 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 BloFin live order book, 23 min ago	2.38 bp	13.0 bp −$13	18.5 bp −$185	82.8 bp −$8,280	doesn't fit
Sell KuCoin live order book, 10 min ago	11.86 bp	44.7 bp −$45	113.6 bp −$1,136	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	−0.1103%	1h	0.04213	−0.092%	$583K	$329K	5x	as long as short
Aster SANDUSDT	−0.0471%	8h	0.04213	−0.087%	$14K	$16K	10x	as long as short
BloFin SAND-USDTlong	−0.0404%	8h	0.04217	long leg	$332K	$140K	75x
Variational Omni SAND	−0.0392%	8h	0.04208	−0.219%	$115K	$4K	—	as long as short
Binance SANDUSDT	−0.0387%	8h	0.04214	−0.082%	$6.8M	$13.5M	75x	as long as short
Extended SAND-USD	−0.0384%	1h	0.04217	−0.006%	$3K	$162K	10x	as long as short
MEXC SAND_USDT	−0.0383%	8h	0.04221	+0.095%	$11.3M	$1.9M	200x	as long as short
KuCoin SANDUSDTMshort	−0.0328%	8h	0.04217	0.000%	$2.6M	$386K	50x
OKX SAND-USDT-SWAP	−0.0262%	8h	0.04217	0.000%	$1.7M	$3.3M	50x	as long as short
Bitget SANDUSDT	−0.0249%	8h	0.04211	−0.142%	$1.8M	$553K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0100%	8h	0.04217	0.000%	$3.6M	$4.0M	75x	as long as short
Kraken Futures PF_SANDUSD	−0.0087%	1h	0.04225	+0.185%	$160K	$110K	25x	as long as short
Gate SAND_USDT	−0.0073%	8h	0.04220	+0.071%	$489K	$683K	75x	as long as short
BingX SAND-USDT	−0.0063%	8h	0.04216	−0.024%	—	$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