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Funding arb · Price arb /

SAND

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.042%
Price spread now: KuCoin against Injective+0.848%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 0.848% dearer against Injective than usual: you sell high and buy low (spread +0.848% now, against zero (this spread has no 7-day history yet)): +$85 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SAND/USDC PERP0.041290.0033pay 0.0004% / 1h46m 39s$757$7955.5x
ShortKuCoin SANDUSDTM0.04164−0.0049pay 0.0049% / 8h1h 46m$2.6M$366K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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

Funding earned
−$17.29
Price spread: +0.848% → 0.000%
$84.77
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$55.46
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell KuCoin live order book, 5 min ago6.01 bp44.7 bp −$45126.8 bp −$1,268doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid SAND−0.0359%1h0.04164+0.853%$573K$445K5xas long as short
Variational Omni SAND−0.0162%8h0.04156+0.657%$114K$4K—as long as short
Aster SANDUSDT−0.0091%8h0.04163+0.823%$14K$18K10xas long as short
Kraken Futures PF_SANDUSD−0.0080%1h0.04165+0.875%$155K$98K25xas long as short
Bitget SANDUSDT−0.0051%8h0.04162+0.799%$1.7M$544K10xas long as short
KuCoin SANDUSDTMshort−0.0049%8h0.04164+0.848%$2.6M$366K50x
Extended SAND-USD0.0000%1h0.04166+0.889%$3K$194K10xas long as short
MEXC SAND_USDT0.0000%8h0.04168+0.945%$11.7M$1.7M200xas long as short
Binance SANDUSDT+0.0001%8h0.04166+0.897%$6.5M$12.3M75xas long as short
BloFin SAND-USDT+0.0010%8h0.04164+0.848%$322K$292K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAND/USDC PERPlong+0.0033%1h0.04129long leg$757$7955.5x
Bybit SANDUSDT+0.0100%8h0.04165+0.872%$3.3M$3.2M75xas long as short
OKX SAND-USDT-SWAP+0.0100%8h0.04165+0.872%$1.8M$3.3M50xas long as short
Gate SAND_USDT+0.0100%8h0.04168+0.945%$464K$568K75xas long as short
BingX SAND-USDT+0.0100%8h0.04163+0.823%—$2.4M—as long as short