Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h −0.031%
Price spread now: Binance against KuCoin−0.072%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1201.203% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 7 days+0.115%+$11 · spread now −0.072%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.084% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SANDUSDTM | 0.04171 | −0.0016 | get 0.0016% / 8h | 5h 28m | $2.6M | $371K | 50x |
| Short | Binance SANDUSDT | 0.04168 | −0.0065 | pay 0.0065% / 8h | 5h 28m | $6.4M | $11.9M | 75x |
KuCoin SANDUSDTM
Binance SANDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$10.33
- Price spread: −0.072% → +0.012%
- −$8.43
- Slippage, 4 orders
- −$98.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$139.07
- Costs to cover
- 1.203%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Binance: live order book, 12 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, 8 min ago | 12.04 bp | 43.6 bp −$44 | 159.0 bp −$1,590 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.20 bp | 17.2 bp −$17 | 31.4 bp −$314 | 220.5 bp −$22.1K | 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 | −0.0366% | 8h | 0.04170 | −0.032% | $114K | $4K | — | as long as short |
| Hyperliquid SAND | −0.0231% | 1h | 0.04165 | −0.151% | $576K | $344K | 5x | as long as short |
| Aster SANDUSDT | −0.0170% | 8h | 0.04171 | −0.003% | $14K | $16K | 10x | as long as short |
| Bybit SANDUSDT | −0.0075% | 8h | 0.04168 | −0.072% | $3.4M | $3.4M | 75x | as long as short |
| Binance SANDUSDTshort | −0.0065% | 8h | 0.04168 | −0.072% | $6.4M | $11.9M | 75x | |
| MEXC SAND_USDT | −0.0065% | 8h | 0.04168 | −0.072% | $11.6M | $1.7M | 200x | as long as short |
| Extended SAND-USD | −0.0064% | 1h | 0.04166 | −0.117% | $3K | $168K | 10x | as long as short |
| Bitget SANDUSDT | −0.0064% | 8h | 0.04173 | +0.048% | $1.7M | $548K | 10x | as long as short |
| Gate SAND_USDT | −0.0053% | 8h | 0.04171 | 0.000% | $456K | $620K | 75x | as long as short |
| BloFin SAND-USDT | −0.0038% | 8h | 0.04172 | +0.024% | $320K | $247K | 75x | as long as short |
Variational Omni SAND
Hyperliquid SAND
Aster SANDUSDT
Bybit SANDUSDT
MEXC SAND_USDT
Extended SAND-USD
Bitget SANDUSDT
Gate SAND_USDT
BloFin SAND-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SANDUSDTMlong | −0.0016% | 8h | 0.04171 | long leg | $2.6M | $371K | 50x | |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.007% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0086% | 8h | 0.04167 | −0.096% | $1.7M | $3.1M | 50x | as long as short |
| BingX SAND-USDT | +0.0089% | 8h | 0.04174 | +0.072% | — | $2.4M | — | as long as short |
| Kraken Futures PF_SANDUSD | +0.0240% | 1h | 0.04176 | +0.114% | $155K | $104K | 25x | as long as short |
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
BingX SAND-USDT
Kraken Futures PF_SANDUSD