SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0175%/8h= −19.2% APRnext payment −$1.75 per $10,000 · paid last 24h +0.013%

Price spread now: KuCoin against Bybit−0.096%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1061.065% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.096%, 7d avg +0.004%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.100% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.156%, 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	Bybit SANDUSDT	0.04183	0.0100	pay 0.0100% / 8h	3h 31m	$3.3M	$3.2M	75x
Short	KuCoin SANDUSDTM	0.04179	−0.0075	pay 0.0075% / 8h	3h 31m	$2.6M	$346K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$36.75
Price spread: −0.096% → +0.004%: −$9.96
Slippage, 4 orders: −$83.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$153.19
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: 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 Bybit live order book, 1 min ago	3.58 bp	14.3 bp −$14	37.6 bp −$376	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	4.83 bp	34.8 bp −$35	88.4 bp −$884	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	−0.0217%	8h	0.04171	−0.297%	$114K	$5K	—	as long as short
Hyperliquid SAND	−0.0193%	1h	0.04183	+0.005%	$580K	$437K	5x	as long as short
Bitget SANDUSDT	−0.0178%	8h	0.04183	0.000%	$1.7M	$548K	10x	as long as short
KuCoin SANDUSDTMshort	−0.0075%	8h	0.04179	−0.096%	$2.6M	$346K	50x
Aster SANDUSDT	−0.0041%	8h	0.04184	+0.014%	$14K	$18K	10x	as long as short
BloFin SAND-USDT	−0.0022%	8h	0.04177	−0.143%	$320K	$293K	75x	as long as short
Binance SANDUSDT	−0.0010%	8h	0.04184	+0.023%	$6.5M	$12.3M	75x	as long as short
MEXC SAND_USDT	−0.0010%	8h	0.04185	+0.048%	$11.9M	$1.7M	200x	as long as short
Extended SAND-USD	−0.0008%	1h	0.04185	+0.037%	$3K	$194K	10x	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.291%	$757	$795	5.5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDTlong	+0.0100%	8h	0.04183	long leg	$3.3M	$3.2M	75x
OKX SAND-USDT-SWAP	+0.0100%	8h	0.04183	0.000%	$1.8M	$3.3M	50x	as long as short
Gate SAND_USDT	+0.0100%	8h	0.04187	+0.096%	$465K	$584K	75x	as long as short
BingX SAND-USDT	+0.0100%	8h	0.04182	−0.024%	—	$2.4M	—	as long as short
Kraken Futures PF_SANDUSD	+0.0541%	1h	0.04188	+0.128%	$157K	$93K	25x	as long as short